Stop Corrupt Trading Act

The Stop Corrupt Trading Act prohibits the President, Vice President, and their controlled businesses from selling or exchanging nonpublic information gained through their official positions for financial gain. This law defines nonpublic information as data that is confidential, exempt from public disclosure, or not available to the general public, and it bans anyone else from buying or selling such information for profit. Violators face criminal penalties including fines up to double the transaction value or up to five years in prison, as well as civil lawsuits that can result in the forfeiture of profits and significant monetary penalties. The bill also establishes a six-year statute of limitations for civil actions, which is paused while the President or Vice President holds office, and requires the Office of Government Ethics to refer credible evidence of violations to the Attorney General.