In CommitteeFiled Feb 4, 2026
Sponsor: Rep. Thompson, Mike [D-CA-4] (D)
Latest Action
Referred to the House Committee on Ways and Means.
Feb 4, 2026
Summary
The Prevent Presidential Profiteering Act adds a new chapter to the Internal Revenue Code that taxes any settlement, verdict, or judgment a former U.S. President, their immediate family, or anyone they control receives from a civil lawsuit against the United States. The tax equals the full amount of the damages, effectively preventing the President from profiting from such awards. It applies only to damages received after the law is enacted and only for the period the individual served as President.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when HR 7381 changes status, plus AI-powered summaries and stage predictions.
Sign up free