Tax the Grift Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9075 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9075 To amend the Internal Revenue Code of 1986 to impose a tax on payments received from any settlement fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 29, 2026 Mr. Pocan 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 payments received from any settlement fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service. 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 ``Tax the Grift Act''. SEC. 2. IMPOSITION OF TAX ON QUALIFIED SETTLEMENT FUND PAYMENTS. (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--QUALIFIED SETTLEMENT FUND PAYMENTS ``Sec. 5000E. Imposition of tax on qualified settlement fund payments. ``SEC. 5000E. IMPOSITION OF TAX ON QUALIFIED SETTLEMENT FUND PAYMENTS. ``(a) In General.--There is hereby imposed on any taxpayer for any taxable year a tax equal to 100 percent of any qualified settlement fund payment received by such taxpayer during such taxable year. ``(b) Qualified Settlement Fund Payment.--For purposes of this section, the term `qualified settlement fund payment' means, with respect to any taxpayer for any taxable year, any amount received by such taxpayer during such taxable year from any fund established as a result of a civil action filed by the President of t