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119-s-4125119th CongressWALLET

Stop Presidential Embezzlement Act

Sponsored By: Senator Wyden, Ron [D-OR]

In Committee

Summary

Imposes a 100% tax on civil damages received by senior federal officials. This bill would target damages those officials win or settle in civil suits they file against the United States while serving and for one year after they leave office.

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  • Covered people include the President, the Vice President, Members of Congress, and top executive officials. Any damages those individuals receive from civil actions against the United States would be taxed at 100%.
  • Close relatives of those officials, as defined in the tax code, would be treated the same for these civil-damages payments.
  • The measure treats those payments as excluded from gross income for regular tax accounting but creates a separate 100% tax on the amounts and bars tax deductions for payments subject to that tax.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

100% Tax on Senior Federal Officials

The bill would impose a tax equal to 100 percent of damages a "covered person" receives in a taxable year from civil actions they filed against the United States or its agencies. Covered persons would include the President, Vice President, Members of Congress, top Executive Branch officials at level I, and certain related persons. The tax would apply only to damages tied to cases filed, settled, or decided while the person was serving and up to one year after they stop serving. Those amounts would be excluded from ordinary gross income rules but taxed under the new chapter, and they would not be deductible; the rule would apply to amounts received after the date of enactment.

Sponsors & CoSponsors

Sponsor

Wyden, Ron [D-OR]

OR • D

Cosponsors

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 3/17/2026

  • Sen. Luján, Ben Ray [D-NM]

    NM • D

    Sponsored 3/17/2026

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 3/17/2026

  • Sen. Whitehouse, Sheldon [D-RI]

    RI • D

    Sponsored 3/17/2026

Roll Call Votes

No roll call votes available for this bill.

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