A Democratic bill with 48 Democratic cosponsors · See all 48 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The ``SLUSH FUND Act of 2026'' aims to amend the Internal Revenue Code to impose a 100 percent tax on specified settlement fund payments. These payments are amounts received from funds or trusts resulting from civil actions filed by specified persons against the United States or its agencies. A specified person includes any former President of the United States, their family members, or people controlled by them. The bill requires fiduciaries to report these payments and makes the returns available to the public. It also establishes penalties for failing to pay the tax or file necessary returns.
Yes
- Scored +6
Does this make what the government does easier for the public to see?
The bill mandates public disclosure of returns related to specified settlement fund payments, enhancing governmental transparency.
The opposite· 3 of 4
- Scored -5
Would high-income households be better off under this?
The bill targets specific high-value settlement funds received by former presidents and associated persons with a 100 percent tax.
- Scored -5
Would people with substantial wealth be better off under this?
The legislation imposes a heavy 100 percent tax on settlement payments received by specific high-profile individuals and their affiliates.
- Scored -5
Would the very wealthiest people be better off under this?
The legislation imposes a heavy 100 percent tax on settlement payments received by specific high-profile individuals and their affiliates.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency: The bill requires fiduciaries to provide written statements to taxpayers and mandates that the Secretary make the filed returns publicly available (Section 3(a)).
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Penalty for Tax Evasion: A penalty of 50 percent of the tax is imposed on any taxpayer who willfully fails to pay the tax or attempts to evade it (Section 2(c)).
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Penalty for Failure to Report: Fiduciaries who fail to file required returns may be required to pay $10,000 for each failure (Section 3(b)).
Potential Negative Impacts for People
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High Tax Rate: A tax equal to 100 percent is imposed on any specified settlement fund payment received by a taxpayer (Section 2(a)).
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Financial Burden on Fiduciaries: Trustees, administrators, or other fiduciaries face a $10,000 penalty for failing to file required returns, unless there is reasonable cause (Section 3(b)).
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Public Exposure of Financial Information: The Secretary is required to make the returns containing the aggregate amount of payments and the name and address of the taxpayer publicly available (Section 3(a)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would billionaires be better off under this? — The legislation imposes a heavy 100 percent tax on settlement payments received by specific high-profile individuals and their affiliates. Would high-income households be better off under this? — The bill targets specific high-value settlement funds received by former presidents and associated persons with a 100 percent tax. Would people with substantial wealth be better off under this? — The legislation imposes a heavy 100 percent tax on settlement payments received by specific high-profile individuals and their affiliates. Would the very wealthiest people be better off under this? — The legislation imposes a heavy 100 percent tax on settlement payments received by specific high-profile individuals and their affiliates.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates public disclosure of returns related to specified settlement fund payments, enhancing governmental transparency.
- 8/13/2026
- 1 Cosponsor added.
- 7/16/2026
- 1 Cosponsor added.
- 6/3/2026
- 3 Cosponsors added.
- 5/26/2026
- 4 Cosponsors added.
- 5/22/2026
- 4 Cosponsors added.
- 5/21/2026
- 15 Cosponsors added.
- 5/20/2026
- 4 Cosponsors added.
- 5/19/2026
- Referred to the House Committee on Ways and Means.
- 16 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Gabe AmoDemocrat · Rhode Island
Donald BeyerDemocrat · Virginia
Brendan BoyleDemocrat · Pennsylvania
Shontel BrownDemocrat · Ohio
Wesley BellDemocrat · Missouri
Judy ChuDemocrat · California
Gilbert CisnerosDemocrat · California
Jasmine CrockettDemocrat · Texas
Danny DavisDemocrat · Illinois
Rosa DeLauroDemocrat · Connecticut
Lloyd DoggettDemocrat · Texas
Suzan DelBeneDemocrat · Washington
Madeleine DeanDemocrat · Pennsylvania
Dwight EvansDemocrat · Pennsylvania
Lois FrankelDemocrat · Florida
Valerie FousheeDemocrat · North Carolina
John GaramendiDemocrat · California
Jimmy GomezDemocrat · California
Robert GarciaDemocrat · California
Steven HorsfordDemocrat · Nevada
Jared HuffmanDemocrat · California
Pramila JayapalDemocrat · Washington
Ro KhannaDemocrat · California
Timothy KennedyDemocrat · New York
John LarsonDemocrat · Connecticut
Gwen MooreDemocrat · Wisconsin
Doris MatsuiDemocrat · California
Kevin MullinDemocrat · California
John MannionDemocrat · New York
Eleanor NortonDemocrat · District of Columbia
Joe NeguseDemocrat · Colorado
Chellie PingreeDemocrat · Maine
Mark PocanDemocrat · Wisconsin
Jimmy PanettaDemocrat · California
Mike QuigleyDemocrat · Illinois
Janice SchakowskyDemocrat · Illinois
Linda SánchezDemocrat · California
Terri SewellDemocrat · Alabama
Bradley SchneiderDemocrat · Illinois
Thomas SuozziDemocrat · New York
Melanie StansburyDemocrat · New Mexico
Hillary ScholtenDemocrat · Michigan
Andrea SalinasDemocrat · Oregon
Suhas SubramanyamDemocrat · Virginia
Shri ThanedarDemocrat · Michigan
Derek TranDemocrat · California
Nikema WilliamsDemocrat · Georgia
Bonnie Watson ColemanDemocrat · New Jersey