WASHINGTON, D.C. – Today, U.S. Representatives Eugene Vindman (Va.-07), Kristen McDonald Rivet (Mich.-08), Kevin Kiley (Calif.-03), and Greg Landsman (Ohio-01), introduced a bill to prevent public officials from personally profiting from nonpublic government information and political influence instead of serving the American people.
“Americans don’t think Congress is looking out for them — and who can blame them. Too many people believe Washington is rigged for insiders. I’m fighting back by working to ban public officials from trading stocks and using prediction markets,” said Vindman. “The No Profiting from Public Service Act closes loopholes, strengthens accountability, and ensures that those entrusted with public service cannot use their positions to enrich themselves. This is the type of commonsense reform that will help restore trust in Congress and ensure leaders are making decisions based on the public interest — not personal financial gain”
The No Profiting from Public Service Act would establish comprehensive restrictions on stock trading and prediction market participation across all three branches of the federal government.
Under the legislation, officials would be required to divest prohibited financial holdings at fair market value or transfer those assets into a qualified blind trust, helping to eliminate conflicts of interest and restore public confidence in government decision-making.
The bill would also prohibit participation in prediction markets by senior government officials and staff across the executive, legislative, and judicial branches, as well as candidates for federal office. By extending these safeguards government-wide, the legislation seeks to ensure that public servants and those seeking public office cannot use nonpublic information or their positions of influence for personal financial gain.
“People are sick and tired of seeing insiders get rich while they get left behind. It’s time for some honest-to-God accountability,” said McDonald Rivet. “It’s simple: no elected official or public servant should be trading on the information they get from their jobs. Let’s close the loopholes, and then go get things done for hard-working families.”
“This bipartisan legislation seeks to root out anti-corruption, including insider trading and self-enrichment,” said Kiley. “It’s time that elected, appointed, and other senior officials across all three branches of government are held accountable. This bill prohibits officials from profiting off of their public offices through stock trading and prediction markets.”
“Americans see a system that’s broken, and we’re determined to be part of the generation that fixes it,” said Landsman. “Congress’ focus is and should always be on the needs of hardworking families. Getting members of Congress out of the stock-trading business and free from outside influence is a big part of the solution.”
BACKGROUND
Vindman has been a champion for preventing public officials from profiting off of public office.
- In May, Vindman introduced common sense legislation to prohibit Members of Congress and their immediate family members from participating in prediction markets.
- In June, he introduced the bipartisan Banning Lobbying and Safeguarding Trust (BLAST) Act, legislation that would prohibit Members of Congress from lobbying Congress after leaving office.
- Vindman also backs the TRUST in Congress Act, which would ban Members of Congress and their immediate families from trading individual stocks.
- Additionally, Vindman cosponsored the Public Integrity in Financial Prediction Markets Act of 2026. This bill would ban Members of Congress, their immediate families, staff, and the executive branch from using prediction markets.
Vindman has also introduced legislation that takes on corruption and demands we hold public servants to the highest ethical standard.
- In June 2026, Vindman introduced the Accountability Doesn’t Expire Act, which would extend oversight and enforcement windows tied to pandemic-era fraud investigations, including misuse of federal relief funds.
- In January 2026, he helped introduce the BEACON Act which would create an independent Inspector General for the Executive Office of the President to investigate waste, fraud, abuse, and misconduct inside the White House.
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