Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The "Stop Padding Presidential Pockets Act" would require the President to reimburse the federal government for all Secret Service protection costs and other government expenses incurred when traveling for personal business interests or financial benefit. The bill also prohibits sitting Presidents from creating, operating, or serving on business boards while in office, and imposes a 100 percent tax on any income they earn from such activities; immediate family members would face similar restrictions and be required to file quarterly reports to Congress certifying they are not benefiting the President. Additionally, the legislation bans Presidents from soliciting donations for presidential libraries while in office and requires annual reporting to the Archivist, with a $1,000 daily penalty for non-compliance. Finally, the bill amends federal law to bar Presidents and Vice Presidents from suing the federal government under tort claims, though no specific funding or implementation timeline is provided.
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