Would tax 100% of settlement payments to former Presidents and their families from lawsuits against the U.S. government.
This bill would impose a 100 percent tax on money received by former Presidents, their families, or their controlled businesses from lawsuits against the U.S. government. It would also require these payments to be publicly reported, giving Americans more transparency. This changes the current system where no such specific tax or public reporting exists.
Currently, no specific 100 percent tax is imposed on settlement payments received by former Presidents, their families, or controlled entities from civil actions against the United States. There are also no specific public reporting requirements for such payments. This bill would impose a 100 percent tax on these payments and make them non-deductible for income tax purposes. It would also require fiduciaries to report these payments to the Internal Revenue Service, with public disclosure of the returns.
HR 8910 · 119th Congress · May 19, 2026 · AI Summary by gemini-2.5-flash · 10/10
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