A new bipartisan bill introduced by Rep. Kristen McDonald Rivet (D-Mich.) and co-sponsored by Reps. Kevin Kiley (I-Calif.), Greg Landsman (D-Ohio), and Eugene Vindman (D-Va.) seeks to prohibit federal candidates, elected officials, Supreme Court justices, and other senior government employees from trading stocks and participating in prediction markets. The No Profiting from Public Service Act, shared with ABC News, would also extend the ban to dependents and spouses of these officials. The legislation is a response to growing concerns over insider trading and the use of nonpublic information for personal gain. "It's simple: no elected official or public servant should be trading on the information they get from their jobs," McDonald Rivet said in a statement.