S. 4125 · On the floor · Taxation

Stop Presidential Embezzlement Act

What it does

Imposes a 100 percent federal tax on damages received by sitting and former Presidents, Vice Presidents, Cabinet members, Members of Congress, and their relatives from civil actions against the United States.
Excludes qualifying civil-action damages from gross income for federal income tax purposes while subjecting them to the new 100 percent tax.
Applies the tax retroactively to damages received after the date of enactment, including those from cases filed, settled, or adjudicated during or after service in covered positions.

Mar 18, 2026: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 360.