Nonpartisan civic infrastructure
AllCiv·Legis1
·

S. 5448

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to establish a surtax on income which is attributable to substantial favorable Federal government action and received by companies owned or controlled by covered public officials or their family members.
About This Bill
Committee
Latest Action · September 22, 2026
Read twice and referred to the Committee on Finance.
Introduced
September 22, 2026
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
This bill would establish a 100 percent tax on income earned by senior federal officials, their spouses, and their children from companies that benefit from substantial federal government actions. The tax targets income tied to specific federal decisions made while the official serves in the position, such as receiving a federal bank charter, license, contract, lease, or loan guarantee. The bill applies to individuals who have served as President, Vice President, or in top-level Executive Schedule positions, as well as their family members. The tax would take effect for income earned after January 20, 2025, and would be in addition to regular income taxes owed. The legislation is designed to prevent public officials from using their positions to direct federal benefits to their own business interests.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.