Sponsors (4)
The bill creates a framework intended to address conflicts of interest for federal employees but does so by potentially restricting their personal investments and imposing future compliance costs.
No clear direct benefits specified in the provided sections.
Federal employees: the bill creates a statutory framework that could later restrict their personal investment options and place new limits on their outside financial interests.
Federal employees: once implementing rules are added, they may face new compliance costs and reduced flexibility in investment choices.
Based on analysis of 2 sections of legislative text.
Adds an empty new chapter to title 5 titled "Restrictions on trade and ownership of covered investments" and establishes the short title "No Profiting from Public Service Act."
Official title: To amend chapter 131 of title 5 to restrict certain financial trade and ownership for certain Federal officials and their spouses and dependents, and for other purposes.
Introduced June 30, 2026 by Kristen McDonald Rivet · Last progress June 30, 2026
Creates a new empty chapter in title 5 of the U.S. Code labeled "Restrictions on trade and ownership of covered investments," permitting the statute to be cited as the "No Profiting from Public Service Act." The bill adds the chapter entry and a chapter placeholder into the table of contents but contains no substantive rules, definitions, enforcement language, deadlines, or funding amounts. The text only amends the table of contents and inserts a new, currently blank subchapter into title 5; it does not itself impose or explain any specific restrictions or procedures. Any substantive rules would need to be added later by separate text or amendments to that new chapter.