No Profiting from Public Service Act

The No Profiting from Public Service Act prohibits federal officials, including Members of Congress, judges, political appointees, and their families, from owning or trading specific financial investments like derivatives and futures. To comply, these individuals must sell or place such assets into a qualified blind trust within 90 days of taking office or acquiring the investment, with an additional restriction preventing them from controlling these trusts for 180 days after leaving office. The law explicitly bans officials from engaging in prediction markets tied to political events and imposes fines equal to 10% of the investment value along with the disgorgement of profits for any violations. Penalties cannot be paid using government funds or campaign contributions, and all fines must be publicly disclosed on a government website.