Stop Padding Presidential Pockets Act
Congress Proposes Bill Requiring Presidents to Pay for Private Business Travel and Ban Side Jobs
Legislative Progress
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.
Impact Analysis
Broader Impacts
Milestones
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articles
Watson Coleman Introduces Legislation to Curb Profiteering by President
Rep. Bonnie Watson Coleman introduced the Stop Padding Presidential Pockets Act (H.R. 6831) to curb profiteering. The bill requires reimbursement for Secret Service costs on business travel, bans in-office library solicitations, and mandates blind trusts for presidential business holdings.
Presidency Boosts Trump’s Net Worth By $3 Billion In A Year
Donald Trump’s net worth reached a record $7.3 billion in 2025, a $3 billion gain driven by crypto ventures and foreign real estate deals. Forbes reports that while he lost money in his first term, he has found a formula for profiting off politics during his return to the White House.
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Political scientists warn that Trump's unprecedented financial growth while serving as president raises serious constitutional questions under the Emoluments Clause. The report notes emerging congressional responses to target his current financial arrangements with foreign entities.
Source Information
Document Type
Congressional Bill
Official Title
Stop Padding Presidential Pockets Act
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.