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Limiting Presidential Business Activities and Requiring Reimbursement for Business Travel.

This legislation imposes strict limits on the US President's business activities while in office, including a 100% tax on income derived from prohibited business operations. It mandates that the President or protected individuals must reimburse the Treasury for Secret Service protection and other government costs if their travel is for the President's private business interests. Furthermore, it bans the President from soliciting donations for presidential libraries while serving, aiming to increase financial transparency and reduce conflicts of interest.
Key points
The President is prohibited from operating a business or serving on a board of directors while in office; income from such activities faces a 100% tax.
Reimbursement is required for Secret Service protection and government costs incurred during travel related to the President's private business interests.
The President is banned from soliciting donations for presidential libraries while in office, with mandatory annual reporting on related interactions.
Immediate family members engaged in business must submit quarterly reports certifying they are not enriching the sitting President.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6831
Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12]
Process start date: 2025-12-17
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Padding Presidential Pockets Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6831.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-12-17.

What are the main provisions?

Key points include:

  • The President is prohibited from operating a business or serving on a board of directors while in office; income from such activities faces a 100% tax.
  • Reimbursement is required for Secret Service protection and government costs incurred during travel related to the President's private business interests.
  • The President is banned from soliciting donations for presidential libraries while in office, with mandatory annual reporting on related interactions.
  • Immediate family members engaged in business must submit quarterly reports certifying they are not enriching the sitting President.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Watson Coleman, Bonnie [D-NJ-12].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-23.

CATEGORIES

Courts and Law Economy