Sponsors (5)
The bill strengthens conflict-of-interest rules and transparency around presidential business and libraries and shifts certain private costs onto responsible parties, but it simultaneously narrows legal remedies against Presidents/VPs and imposes new reporting and compliance burdens that raise privacy, enforcement, and litigation risks.
Presidents and their immediate families: bars the President from operating or running private businesses while in office, requires family reporting, and imposes a 100% tax on presidential business income — reducing conflicts of interest and the incentive to profit from the office.
Presidents, nonprofits, and the public: prohibits presidents from soliciting donations for presidential libraries while in office and mandates reporting by protected persons and private entities, increasing transparency and oversight of donations and interactions around presidential libraries/museums.
Taxpayers and federal agencies: requires reimbursement to the government for Secret Service protection and related costs when protected persons travel for private business, reducing direct taxpayer burden for private-travel security costs.
People suing the government and victims of government-related harms: the bill bars FTCA claims against the President and Vice President while in office and leads to dismissal of pending suits if a litigant becomes President/VP, removing a federal avenue for damages and reducing legal remedies and accountability.
Public accountability and oversight: by narrowing civil-claim avenues against Presidents/VPs, the bill reduces legal checks on executive conduct and may weaken incentives for lawful behavior by senior officials.
Federal agencies, taxpayers, and private parties: requiring the Secret Service to calculate/collect reimbursements and litigate disputes over what travel qualifies for reimbursement could create administrative delays, added agency workload, and enforcement costs that shift spending or lead to legal battles.
Based on analysis of 5 sections of legislative text.
Introduced December 17, 2025 by Bonnie Watson Coleman · Last progress December 17, 2025
Prohibits a sitting President from creating, operating, serving on boards of, or running a business while in office and taxes any income from such activity at 100%; requires immediate family members who engage in similar conduct to file quarterly reports and certifications. Requires reimbursement to the U.S. Treasury for Secret Service protection and other government costs when protection is provided in connection with travel that furthers the business interests of an entity owned or controlled by the President or from which the President benefits. Restricts fundraising and reporting around presidential libraries and museums, and bars certain Federal Tort Claims Act (FTCA) suits brought by the President or Vice President (including claims that become pending when they later take office).