No Stock Act

S 2877, the "No Stock Act," prohibits certain U.S. government officials from holding or trading specific financial investments. It directly affects Members of Congress, the President, Vice President, Supreme Court Justices, Federal Reserve officials, and their spouses/dependent children under 19. The bill bans holdings in stocks, bonds, commodities, cryptocurrencies, NFTs, and derivatives (with limited exclusions like Treasury securities), requiring covered individuals to sell such investments within 120 days of taking office or the bill’s enactment. Violations incur fines of at least 10% of the asset’s value, and ethics offices must publicly disclose extension requests for divestiture deadlines.