No Insider Trading on National Security

Summary#

This bill, titled the "No Insider Trading on National Security Act of 2026," directs the Inspector General (IG) of the Department of Defense to submit a report to the House and Senate Committees on Armed Services by January 1, 2027. The report must cover all complaints the IG received about insider trading on prediction and energy markets during Operation Epic Fury. The bill lists specific elements the report must include: (1) how many complaints were received, (2) whether complaints were against service members, DoD civilian employees, or contractors, (3) the outcomes of the complaints and any accountability actions taken, (4) any trends found, (5) an assessment of operational risks and security vulnerabilities tied to the complaints, and (6) recommendations for safeguards to detect, deter, and reduce such insider trading in the future. The bill was introduced on August 20, 2026, and referred to the House Committee on Armed Services.

What it means for you#

• The bill does not change criminal penalties or create new rules. It only requires the DoD IG to prepare and send a report to Congress.
• If you are a member of the Armed Forces, a DoD civilian employee, or a DoD contractor, complaints about insider trading tied to Operation Epic Fury would be included in that report if the IG received them.
• Members of Congress and oversight committees will receive information intended to help them decide on any future actions.

Expenses#

No publicly available information on costs, funding, or budgetary effects is included in the bill text or metadata.

Proponents' View#

No publicly available information.

Opponents' View#

No publicly available information.