Bars the President, the Vice President, and entities they control from selling or exchanging nonpublic information for financial benefit, and bars any person from buying, selling, or exchanging such information for financial benefit.

Official title: Stop Corrupt Trading Act

Next stop Senate floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

Senate

Introduced 03-AUG-2026

On the calendar 03-AUG-2026

Key points

Defines covered persons as the President and Vice President, and covered entities as firms they control or hold at least 5 percent of.
Sets criminal fines of up to double the transaction's value, with up to 5 years in prison for some offenses, and requires forfeiture of proceeds.
Lets the Attorney General bring civil actions seeking disgorgement and penalties of the greater of $250,000 or 3 times the gain, with a 6-year limitations period that is paused while the covered person holds office.
Requires the Office of Government Ethics to refer credible evidence of violations to the Attorney General and notify the Judiciary Committees of both chambers.

AI-generated from the Placed on Calendar Senate text of 04-AUG-2026 · verify · report an error

Official CRS summary

No CRS summary yet. CRS writes one for most bills, often months after they move.

CRS is the Library of Congress's nonpartisan research office. Check on congress.gov

Committee referrals (0)

No committee referrals on file.

Policy area

Crime and Law Enforcement

Sponsor Alex Padilla (D-CA) Cosponsors · 5

■ 5 D

5 Democrats