NO PROFIT Act
The source supplies the latest action, but no lifecycle stage.
Latest action (3 Aug 2026): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What this bill does
The NO PROFIT Act would create new federal restrictions tied to social media accounts controlled by government officials. It would make it illegal for anyone to buy, sell, or otherwise trade securities, commodities, futures, options, swaps, or contracts on "speculative information markets" while aware of material, non-public information obtained through special early or preferential access to such accounts, before that information is made available to the general public. It would also bar directing someone else to trade on that basis or knowingly tipping off someone likely to trade on it. Separately, it would prohibit social media platforms from knowingly selling or offering paid early or preferential access to posts from these officials' accounts, with exceptions for public-safety alerts, standard content-ranking algorithms, and nondiscriminatory data-licensing arrangements. Violations of the trading ban would be enforced by the SEC and CFTC under existing securities and commodities law; violations by platforms would carry civil penalties equal to the revenue earned from the improper access, recoverable by the Attorney General.
The bill covers the President, Vice President, Members of Congress and their staffs, executive branch and judicial officials and employees, their immediate family members, and people acting on their behalf, including for 180 days after they leave their positions. It also applies to social media companies that operate accounts used by these officials to communicate publicly. In effect, it targets any arrangement that lets select individuals or firms trade on information from officials' social media posts before the public sees it.
The bill was introduced in the Senate on August 3, 2026, by Senator Mark Warner and referred to the Committee on Banking, Housing, and Urban Affairs. It has not yet been voted on by the committee or the full Senate, and no companion House action is noted. If enacted, the SEC and CFTC would be required to issue implementing rules within 180 days.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
3 Aug 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Common questions
- What does S. 5223 do?
- The NO PROFIT Act would create new federal restrictions tied to social media accounts controlled by government officials. It would make it illegal for anyone to buy, sell, or otherwise trade securities, commodities, futures, options, swaps, or contracts on "speculative information markets" while aware of material, non-public information obtained through special early or preferential access to such accounts, before that information is made available to the general public. It would also bar directing someone else to trade on that basis or knowingly tipping off someone likely to trade on it. Separately, it would prohibit social media platforms from knowingly selling or offering paid early or preferential access to posts from these officials' accounts, with exceptions for public-safety alerts, standard content-ranking algorithms, and nondiscriminatory data-licensing arrangements. Violations of the trading ban would be enforced by the SEC and CFTC under existing securities and commodities law; violations by platforms would carry civil penalties equal to the revenue earned from the improper access, recoverable by the Attorney General. The bill covers the President, Vice President, Members of Congress and their staffs, executive branch and judicial officials and employees, their immediate family members, and people acting on their behalf, including for 180 days after they leave their positions. It also applies to social media companies that operate accounts used by these officials to communicate publicly. In effect, it targets any arrangement that lets select individuals or firms trade on information from officials' social media posts before the public sees it. The bill was introduced in the Senate on August 3, 2026, by Senator Mark Warner and referred to the Committee on Banking, Housing, and Urban Affairs. It has not yet been voted on by the committee or the full Senate, and no companion House action is noted. If enacted, the SEC and CFTC would be required to issue implementing rules within 180 days.
- Has S. 5223 become law?
- The source does not supply a confirmed lifecycle stage for S. 5223. Check the latest action and official source below.
- Who sponsored S. 5223?
- S. 5223 was sponsored by Sen. Warner, Mark R. [D-VA] (D-VA), with 2 cosponsors.
- What's the latest action on S. 5223?
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (3 Aug 2026).
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