CONGRESS FOR VOTERS

DemocratBill · H.R. 7381· House(119-HR-7381)

Prevent Presidential Profiteering Act

Rep. Thompson
Age: 75 years
California
Introduced
2/4/2026
Last activity
2/4/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Mike Thompson
Cosponsors
Democrat - 17Republican - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

The "Prevent Presidential Profiteering Act" aims to amend the Internal Revenue Code of 1986. It imposes a 100 percent tax on qualified civil action amounts received by certain individuals. These individuals include former Presidents, their family members, and persons controlled by them. The tax applies to damages received from civil actions filed against the United States during a person's time in office. This legislation includes specific definitions for covered persons and the applicable period of service.

Yes

  • Does this raise taxes on the highest earners?+10

    The bill imposes a 100 percent tax on civil action damages received by former Presidents and their families.

  • Does this make what the government does easier for the public to see?+5

    The bill targets potential profiteering by the President during their time in office.

The opposite

  • Would high-income households be better off under this?-10

    The tax specifically targets high-earning former Presidents and their families through a 100 percent tax on certain damages.

  • Would people with substantial wealth be better off under this?-10

    The bill imposes a heavy tax on individuals in high-profile, high-wealth positions receiving legal damages.

  • Does this reduce what the federal government spends?-5

    The bill creates a mechanism that prevents the government from paying out large civil settlements to former Presidents.