Prevent Presidential Profiteering Act

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.

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