Stop Padding Presidential Pockets Act

Key Points

• If the President or Vice President travels for their own private business interests, they would have to pay the government back for the costs. This includes paying for Secret Service protection and any other government money spent to support that specific trip.
• The bill would ban the President from starting or running a business or serving on a board of directors while they are in office. If the President does make money from a business, that income would be taxed at 100%, meaning all the profit goes to the government.
• Family members of the President who run businesses would have to send reports to Congress every three months. They would need to officially certify that their business work is not giving any financial benefit to the President.
• The President and Vice President would be forbidden from asking for donations for their future presidential libraries or museums while still serving in office. Any private groups working on these libraries would have to report their finances or pay a $1,000 fine for every day they are late.
• This plan would also stop a sitting President or Vice President from suing the government for certain legal claims. This rule would apply to lawsuits that are already happening and any new ones started after the law passes.

Votes

No votes have been recorded for this legislation yet.