Prevent Presidential Profiteering Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7381 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7381 To amend the Internal Revenue Code of 1986 to impose a tax on damages received by the President of the United States on account of any civil action filed against the United States, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 4, 2026 Mr. Thompson of California (for himself, Mr. Doggett, Mr. Larson of Connecticut, Mr. Davis of Illinois, Ms. Chu, Ms. DelBene, Ms. Moore of Wisconsin, Mr. Boyle of Pennsylvania, Mr. Panetta, Mr. Gomez, Mr. Horsford, Ms. Sanchez, Mr. Evans of Pennsylvania, and Mr. Schneider) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose a tax on damages received by the President of the United States on account of any civil action filed against the United States, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Prevent Presidential Profiteering Act''. SEC. 2. IMPOSITION OF TAX ON DAMAGES RECEIVED BY THE PRESIDENT OF THE UNITED STATES ON ACCOUNT OF CIVIL ACTION FILED AGAINST THE UNITED STATES. (a) In General.--Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: ``CHAPTER 50B--CERTAIN CIVIL DAMAGES OF THE PRESIDENT OF THE UNITED STATES ``Sec. 5000E. Imposition of tax on damages received on account of civil action filed against the United States. ``SEC. 5000E. IMPOSITION OF TAX ON DAMAGES RECEIVED ON ACCOUNT OF CIVIL ACTION FILED AGAINST THE UNITED STATES. ``(a) In General.--There is hereby imposed on each covered person for any taxable year a tax e