Prohibits preferential access to nonpublic information on social media accounts of government officials and bans trading on such information.

The NO PROFIT Act prohibits social media platforms from offering prioritized access to communications on accounts controlled by government officials. It bans individuals from trading securities or commodities while aware of nonpublic information from these accounts. Violations are treated as securities or commodities law violations, enforced by the Securities and Exchange Commission and the Commodity Futures Trading Commission. The act also imposes civil penalties on platforms violating the access prohibition.

Prohibits preferential access to nonpublic information on social media accounts of government officials and bans trading on such information.

The NO PROFIT Act prohibits social media platforms from offering prioritized access to communications on accounts controlled by government officials. It bans individuals from trading securities or commodities while aware of nonpublic information from these accounts. Violations are treated as securities or commodities law violations, enforced by the Securities and Exchange Commission and the Commodity Futures Trading Commission. The act also imposes civil penalties on platforms violating the access prohibition.