The "Stop Trading on Confidential Knowledge Act" aims to prohibit stock trading by members of the General Assembly and mandates that they, along with their spouses and dependents, place certain assets into qualified blind trusts. The bill introduces a new subchapter to the Arkansas Code, detailing definitions related to covered investments, including securities and commodities, and outlines the requirements for members of the General Assembly to divest or place these investments in blind trusts within specified timeframes. It also establishes the Arkansas Ethics Commission's authority to enforce these regulations, including the imposition of civil penalties for non-compliance.

Key provisions include the requirement for current members to divest or place covered investments in a qualified blind trust within 120 days of the act's effective date, and the prohibition against acquiring covered investments during their term. The bill also stipulates that any inherited covered investments must be managed similarly within 120 days. The Arkansas Ethics Commission is tasked with overseeing compliance, maintaining public records of certifications and trust agreements, and enforcing penalties for violations, which could amount to the monthly equivalent of the member's annual pay for each infraction.