# 119-hr-8910: SLUSH FUND Act of 2026

119-hr-8910, SLUSH FUND Act of 2026, is a 119th Congress bill sponsored by Rep. Thompson, Mike [D-CA-4] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8910
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8910
- Congress: 119
- Title: SLUSH FUND Act of 2026
- Status: introduced
- Introduced: 2026-05-19
- Sponsor: Rep. Thompson, Mike [D-CA-4] (D-CA)
- Cosponsors: 48
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**100% tax on certain settlement fund payments.** This bill would create a new federal tax equal to 100% on payments from settlement funds whose assets come from civil actions filed by a person who has served as President, their family members, or entities they control, and it would bar deductions while adding reporting and enforcement requirements. - Families and recipients: People who receive these specified settlement fund payments and fall into the covered groups would owe a 100% tax on those payments and could not deduct them from income. - Trustees and fiduciaries: Trustees, administrators, or other fiduciaries who make these payments must report the recipient and aggregate amount, furnish a written statement to the recipient by January 31, and face a $10,000 penalty for each failure to file. - Enforcement and penalties: A willful failure to pay or an attempt to evade the tax would trigger an additional 50% penalty on the tax in addition to other penalties, and the rules apply to amounts paid on or after May 20, 2026.

## Cosponsors (48)

- Rep. Doggett, Lloyd [D-TX-37] (D-TX), 2026-05-19T00:00:00.000Z
- Rep. Larson, John B. [D-CT-1] (D-CT), 2026-05-19T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2026-05-19T00:00:00.000Z
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2026-05-19T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2026-05-19T00:00:00.000Z
- Rep. DelBene, Suzan K. [D-WA-1] (D-WA), 2026-05-19T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2026-05-19T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2026-05-19T00:00:00.000Z
- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2026-05-19T00:00:00.000Z
- Rep. Beyer, Donald S. [D-VA-8] (D-VA), 2026-05-19T00:00:00.000Z
- Rep. Evans, Dwight [D-PA-3] (D-PA), 2026-05-19T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2026-05-19T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2026-05-19T00:00:00.000Z
- Rep. Gomez, Jimmy [D-CA-34] (D-CA), 2026-05-19T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2026-05-19T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2026-05-19T00:00:00.000Z
- Rep. Mannion, John W. [D-NY-22] (D-NY), 2026-05-20T00:00:00.000Z
- Rep. Quigley, Mike [D-IL-5] (D-IL), 2026-05-20T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2026-05-20T00:00:00.000Z
- Rep. Amo, Gabe [D-RI-1] (D-RI), 2026-05-20T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2026-05-21T00:00:00.000Z
- Rep. Brown, Shontel M. [D-OH-11] (D-OH), 2026-05-21T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-05-21T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2026-05-21T00:00:00.000Z
- Rep. Crockett, Jasmine [D-TX-30] (D-TX), 2026-05-21T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2026-05-21T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2026-05-21T00:00:00.000Z
- Rep. Frankel, Lois [D-FL-22] (D-FL), 2026-05-21T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2026-05-21T00:00:00.000Z
- Rep. Dean, Madeleine [D-PA-4] (D-PA), 2026-05-21T00:00:00.000Z
- Rep. Subramanyam, Suhas [D-VA-10] (D-VA), 2026-05-21T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2026-05-21T00:00:00.000Z
- Rep. Kennedy, Timothy M. [D-NY-26] (D-NY), 2026-05-21T00:00:00.000Z
- Rep. Stansbury, Melanie A. [D-NM-1] (D-NM), 2026-05-21T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2026-05-21T00:00:00.000Z
- Rep. Matsui, Doris O. [D-CA-7] (D-CA), 2026-05-22T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2026-05-22T00:00:00.000Z
- Rep. Mullin, Kevin [D-CA-15] (D-CA), 2026-05-22T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2026-05-22T00:00:00.000Z
- Rep. Williams, Nikema [D-GA-5] (D-GA), 2026-05-26T00:00:00.000Z
- Rep. Foushee, Valerie P. [D-NC-4] (D-NC), 2026-05-26T00:00:00.000Z
- Rep. Bell, Wesley [D-MO-1] (D-MO), 2026-05-26T00:00:00.000Z
- Rep. Garcia, Robert [D-CA-42] (D-CA), 2026-05-26T00:00:00.000Z
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2026-06-03T00:00:00.000Z
- Rep. Pocan, Mark [D-WI-2] (D-WI), 2026-06-03T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2026-06-03T00:00:00.000Z
- Rep. Tran, Derek [D-CA-45] (D-CA), 2026-07-16T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-08-13T00:00:00.000Z

## Provisions PRIA read

- 100% tax on presidential settlements: cost, high. This bill would tax at 100% any payment you get from a settlement fund whose assets come from a civil suit against the United States. For chapter 1 income-tax rules those payments would be excluded from gross income but still subject to the new 100% tax. The bill would also bar tax deductions for i…
- New $10,000 penalty for missed reports: cost, high. This bill would impose a $10,000 penalty for each failure to file the required report (section 6050BB) that shows specified settlement fund payments and payees. No penalty would apply if the filer shows reasonable cause. The penalty would be payable on notice and collected in the same manner as tax…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-5390: FAMILY Act
- 119-hr-15: Equality Act
- 119-hr-1589: American Dream and Promise Act of 2025

## Sources
- [119-hr-8910 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8910)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [119-hr-15: Equality Act](https://policyrisk.com/legislation/119-hr-15)
- [119-hr-1589: American Dream and Promise Act of 2025](https://policyrisk.com/legislation/119-hr-1589)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8910 (as of 2026-09-21).