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Congress·In Committee·26 days ago

Taxes on Lawsuit Payouts to the President and First Family

Also known as: Prevent Presidential Profiteering Act

Legislative Progress

✓ Filed
Review
House
Senate
President

Key Points

  • Congress is considering a bill that would create a 100% tax on any money a President or their family wins in lawsuits against the federal government. This effectively means they would not be able to keep any money from these legal victories.
  • The rule would apply to the President, their spouse, children, and other close relatives. It also covers any businesses that the President or their family members own or control.
  • This tax would apply to any money received from court judgments or legal settlements for lawsuits that were filed or decided while the President was serving in office.
  • The main goal of this policy is to prevent a sitting President from personally profiting from legal actions taken against the government they are currently leading.
  • If this bill becomes law, any money won by a President in these cases would go directly back to the U.S. Treasury instead of into their personal bank account.

Milestones

2 milestones2 actions
Feb 4, 2026House

Referred to the House Committee on Ways and Means.

Feb 4, 2026

Introduced in House

Source Information

Document Type

Congressional Bill

Official Title

Prevent Presidential Profiteering Act

Bill NumberHR 7381
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.

Sponsor

Cosponsors

(14)
D: 14

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.