# 119-hr-9529: NO PROFIT Act

119-hr-9529, NO PROFIT Act, is a 119th Congress bill sponsored by Rep. Salinas, Andrea [D-OR-6] (D-OR); status introduced; PRIA reads it as touching household money (as of 2026-07-15).

- Canonical: https://policyrisk.com/legislation/119-hr-9529
- As of: 2026-07-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9529
- Congress: 119
- Title: NO PROFIT Act
- Status: introduced
- Introduced: 2026-06-29
- Sponsor: Rep. Salinas, Andrea [D-OR-6] (D-OR)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-15

## Summary

**100% tax on presidential net capital gains.** The bill would make an individual serving as President pay a full tax on qualified net capital gains for any year they serve and require year-end mark-to-market accounting for assets not held in a qualified blind trust. - People who serve as President: Any "qualified net capital gain" in a taxable year that overlaps presidential service would be taxed at 100% for that year. - Assets in qualified blind trusts vs. others: Capital assets held only in a qualified blind trust during the presidency count as "qualified capital assets" and are excluded from the special gain rule. Assets not in such trusts must be treated as if sold at fair market value on the last business day of the taxable year and gains or losses taken into account that year. - Timing: The rule would apply to taxable years beginning after December 31, 2024.

## Provisions PRIA read

- 100% tax on Presidents' capital gains: cost, high. If you serve as President, this bill would tax 100% of your "qualified net capital gain" for any taxable year you serve. "Qualified net capital gain" would be the excess of gains over losses from sales of capital assets that are not "qualified capital assets." An asset would be a "qualified capital…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-10061: Wildfire Response and Readiness Act

## Sources
- [119-hr-9529 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9529)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-10061: Wildfire Response and Readiness Act](https://policyrisk.com/legislation/119-hr-10061)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9529 (as of 2026-07-15).