Rep. Salinas Introduces New Legislation to Stop a Sitting President from Insider Trading
Watch Rep. Salinas discuss her bill on MS NOW
WASHINGTON, D.C. — Today, Congresswoman Andrea Salinas (OR-06) introduced legislation that would stop the President of the United States from profiting from insider trading on stocks. The No Official Presidential Returns On Furtive Individual Trades (NO PROFIT) Act would impose a 100% federal tax on certain capital gains earned by the President of the United States outside of a qualified trust while in office, preventing a sitting United States president from personally profiting from potential insider trading.
“In the first three months of 2026, President Trump made over 3,600 individual stock trades valued between $220 and $750 million. Rather than lowering costs for millions of families, President Trump has used his power to make himself and his billionaire buddies even richer,” said Salinas. “My bill would hold him, and any sitting United States president, accountable to the interests of the American people rather than their own financial interests.”
The NO PROFIT Act would specifically require:
- Any sitting president must place their assets into a qualified blind trust or;
- Be forced to relinquish any net capital gains realized by a sitting president to go back to Americans through a 100% tax;
- And assets outside of a qualified blind trust would act as though they were sold at fair market value at the end of each tax year, preventing a president from holding appreciated assets until leaving office.
Every sitting president — except for the current president — in the last half century has put their investments into blind trusts to reduce potential conflicts of interest. The NO PROFIT Act would set a precedent to require every president to do the same or be forced to give these gains back to the people through a 100% tax.
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