To amend the Internal Revenue Code of 1986 to prohibit orders or agreements relating to the release of tax claims by the President and related persons, and for other purposes.
About This Bill
Committee
Latest Action · August 6, 2026
Referred to the House Committee on Ways and Means.
This bill prohibits the President and the Treasury Secretary from entering into tax agreements, orders, or similar arrangements that would release or reduce tax claims against the President, their family members, or related businesses during the President's time in office. The legislation applies retroactively to any such instruments created starting January 20, 2025, and requires the Treasury Secretary to report to Congress and the public within seven days whenever such an instrument is created, along with follow-up reports every 30 days for up to three years after the President leaves office. The bill also extends the statute of limitations for tax assessments by up to three years for any taxpayers affected by these prohibited arrangements, ensuring the government can still pursue tax claims even after normal time limits would have expired. There is no specified funding requirement, as the bill primarily adds reporting and enforcement duties to existing IRS operations. The measure is designed to prevent any sitting President from using executive authority to settle tax disputes in ways that might benefit themselves or their associates.
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