OFFICIAL LEGAL TITLE
Prevent Presidential Profiteering Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 119_HR_7381.
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 2026-02-04.
What are the main provisions?
Key points include:
- A 100% tax is applied to damages or settlements won by the President against the United States.
- The rule extends to the President's spouse, immediate family, and businesses they control.
- The tax applies to any legal payouts received while the individual is serving as President.
- These payments are excluded from regular income tax because they are fully taxed under this new rule.
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. Thompson, Mike [D-CA-4].
What is the latest detailed status?
The latest detailed status is: Referred to the House Committee on Ways and Means.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-02-10.
What is the impact of this bill?
We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.