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.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.