Prevent Presidential Profiteering Act
Sponsored By: Representative Thompson (CA)
Introduced
Summary
This bill would create a new tax that levies a 100 percent tax on civil damages received from lawsuits against the United States by a President, their family, or entities they control. It limits that tax to damages tied to the period the person served as President.
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- Presidents and their close family members would owe a 100 percent tax on damages they receive from civil actions against the federal government when the filing, settlement, or judgment occurred during the president's time in office.
- Entities a President or family member controls would also be treated as covered and face the same tax, using existing tax-code control rules to identify those entities.
- The bill sets this tax up as a new Chapter 50B in Subtitle D of the Internal Revenue Code, treats the amounts as excluded from gross income while taxing them under the new section, and bars deductions for amounts taxed under this rule. It applies only to amounts received after enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
100% tax on presidential damages
If enacted, this bill would tax 100% of any damages a President or related persons receive from civil suits against the U.S. Covered people would include anyone who has served as President, that person's spouse and close relatives, and people or entities they control. The rule applies to cases filed, settled, or decided while the person was serving as President. Amounts received after the law is enacted would be taxed at 100% and could not be deducted, while those same amounts would be excluded from gross income for other tax rules.
Sponsors & CoSponsors
Sponsor
Thompson (CA)
CA • D
Cosponsors
Gomez
CA • D
Sponsored 2/4/2026
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 2/4/2026
Rep. Sánchez, Linda T. [D-CA-38]
CA • D
Sponsored 2/4/2026
Rep. Evans, Dwight [D-PA-3]
PA • D
Sponsored 2/4/2026
Rep. Schneider, Bradley Scott [D-IL-10]
IL • D
Sponsored 2/4/2026
Rep. Doggett, Lloyd [D-TX-37]
TX • D
Sponsored 2/4/2026
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 2/4/2026
Davis (IL)
IL • D
Sponsored 2/4/2026
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 2/4/2026
DelBene
WA • D
Sponsored 2/4/2026
Rep. Moore, Gwen [D-WI-4]
WI • D
Sponsored 2/4/2026
Rep. Boyle, Brendan F. [D-PA-2]
PA • D
Sponsored 2/4/2026
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 2/4/2026
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 2/5/2026
Rep. Dexter, Maxine [D-OR-3]
OR • D
Sponsored 3/19/2026
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 5/14/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov