The No Stock Act bans stock trading for certain senior government officials.
The No Stock Act bans stock trading for certain senior government officials, including Members of Congress, the President, the Vice President, and others. It prohibits these officials from holding, purchasing, selling, or conducting transactions with covered financial interests, which include investments in securities, futures, commodities, and digital assets. The act also prohibits these officials from serving on the boards of for-profit entities. Covered individuals must divest their financial interests within 120 days of assuming office or the act's enactment.
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