Bill
S 2877
The No Stock Act prohibits federal officials from owning or trading individual stocks, promoting ethical governance and public trust by reducing conflicts of interest.
Bill Number: S 2877
Title: No Stock Act
Status: Introduced in Senate
Introduced Date: September 18, 2025
Classification: Bill
The No Stock Act aims to address concerns regarding conflicts of interest and ethical standards among federal officials by prohibiting them from holding or trading individual stocks while in office. The bill seeks to enhance transparency and public trust in government by eliminating potential financial conflicts that could arise from personal investments.
The No Stock Act includes the following key provisions:
Prohibition on Stock Ownership: Federal officials, including members of Congress and high-ranking executive branch officials, would be prohibited from owning or trading individual stocks during their time in office.
Investment Alternatives: Officials would be required to divest from individual stocks and could instead invest in diversified mutual funds or exchange-traded funds (ETFs) that do not allow for individual stock selection.
Disclosure Requirements: The bill would mandate enhanced disclosure of financial holdings, requiring officials to report their investments in mutual funds or ETFs to ensure compliance with the new regulations.
Enforcement Mechanisms: The legislation would establish penalties for violations, including fines and potential removal from office for repeated offenses.
The No Stock Act primarily targets:
Federal Officials: This includes members of Congress, the President, Vice President, and other executive branch officials.
Public Trust: The bill is designed to benefit the general public by promoting ethical governance and reducing the risk of corruption.
Legislative Process: The bill was introduced in the Senate on September 18, 2025, and has been read twice before being referred to the Committee on Homeland Security and Governmental Affairs for further consideration.
Next Steps: The committee will review the bill, hold hearings, and may make amendments before it is brought back to the Senate for a vote.
The No Stock Act represents a significant step towards improving ethical standards in government by addressing potential conflicts of interest related to stock ownership. If passed, it could reshape how federal officials manage their investments and enhance accountability in public service.
Compiled from official sources — confirm details with the bill’s official record.
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