The No Profiting from Public Service Act restricts financial trades and ownership for federal officials and their families.
The No Profiting from Public Service Act restricts certain financial trades and ownership for federal officials and their families. It prohibits covered officials from owning or trading covered investments, which include securities, commodities, and interests in small businesses. Covered officials must divest these investments within 90 days of enactment or place them in a qualified blind trust. The Act also bans trades in prediction market contracts tied to political or governmental events. Violations result in fines and penalties, which cannot be deducted from income tax.
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