Stop Presidential Embezzlement Act

This bill would create a federal tax equal to 100 percent of the money that certain officials receive from civil lawsuits they file against the United States or its agencies. It would cover current and former Presidents, Vice Presidents, Cabinet-level officials, and Members of Congress, as well as their relatives. The tax would apply to lawsuits filed, settled, or decided during a period that starts when the person began serving as President and ends one year after that service ends. The tax could not be deducted from income tax, and the amounts would not count as regular taxable income. It would apply to money received after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Ron Wyden Democrat sponsor
• 4 cosponsors