In CommitteeFiled May 21, 2026
Sponsor: Sen. Wyden, Ron [D-OR] (D)
Latest Action
Read twice and referred to the Committee on Finance.
May 21, 2026
Summary
The SLUSH FUND Act adds a new tax that takes the full amount of any settlement, verdict, or similar payment received by a former U.S. president, their immediate family, or entities they control from a civil action against the United States. It also requires fiduciaries to report those payments and sets steep penalties for non‑payment or failure to file required returns. The goal is to prevent former officials from profiting off settlements against the government.
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