Prevent Presidential Profiteering Act

House Bill

H.R. 7381

119th Congress

Prevent Presidential Profiteering Act

In Committee

Introduced:Feb 4, 2026

Primary Sponsor

Mike Thompson

D - CA

Cosponsors

0

Quick Stats

Policy Area

Taxation

Summary

The Prevent Presidential Profiteering Act aims to reform tax rules related to presidential financial activities. While the detailed provisions aren't publicly available yet, the bill's title suggests it would address concerns about presidents using their office for personal financial gain. This legislation falls under the House Ways and Means Committee's jurisdiction over tax policy.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced2/4/2026

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

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Vote Prediction

Prevent Presidential Profiteering Act

The Prevent Presidential Profiteering Act aims to reform tax rules related to presidential financial activities. While the detailed provisions aren't publicly available yet, the bill's title suggests it would address concerns about presidents using their offic

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The Prevent Presidential Profiteering Act aims to reform tax rules related to presidential financial activities. While the detailed provisions aren't publicly available yet, the bill's title suggests it would address concerns about presidents using their office for personal financial gain. This legislation falls under the House Ways and Means Committee's jurisdiction over tax policy.

Bill Number: 7381
Introduced: 2/4/2026
Status: Referred to the House Committee on Ways and Means.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Prevent Presidential Profiteering Act
Bill Number: 7381
Sponsor: No sponsor
Status: Referred to the House Committee on Ways and Means.
Introduced: 2/4/2026
Summary: The Prevent Presidential Profiteering Act aims to reform tax rules related to presidential financial activities. While the detailed provisions aren't publicly available yet, the bill's title suggests it would address concerns about presidents using their office for personal financial gain. This legi

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The Prevent Presidential Profiteering Act aims to reform tax rules related to presidential financial activities. While the detailed provisions aren't publicly available yet, the bill's title suggests it would address concerns about presidents using their office for personal financial gain. This legislation falls under the House Ways and Means Committee's jurisdiction over tax policy.

Last updated: 3/3/2026

Key Points

Main provisions of the bill

Introduced by Representative Mike Thompson (D-CA) in February 2026 with no current cosponsors
Focuses on tax policy changes related to presidential financial activities, as indicated by its referral to the Ways and Means Committee
Title suggests the bill would create new restrictions or transparency requirements around presidential business interests and profits
Currently in the earliest stage of the legislative process, having just been referred to committee for review

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would likely affect sitting and possibly future presidents by imposing tax-related restrictions on their business dealings while in office. The legislation could increase transparency around presidential finances and potentially limit certain types of income streams available to the president. Everyday Americans might see increased accountability in how the nation's highest office intersects with personal business interests, though the specific mechanisms remain to be detailed as the bill progresses through committee.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7381, 119th Congress (2026). "Prevent Presidential Profiteering Act". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7381

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