Ron Wyden (D-OR)

Stop Presidential Embezzlement Act

S. 3817 · Senate bill Taxation

A Democratic bill with 4 Democratic cosponsors · See all 4 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

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

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Stop Presidential Embezzlement Act," proposes an amendment to the Internal Revenue Code of 1986. It seeks to impose a 100 percent tax on certain civil damages received by specific high-ranking officials. These "covered persons" include the President, Vice President, certain Executive Schedule level I positions, and Members of Congress, as well as their related persons. The tax applies to aggregate damages received through settlements, verdicts, or judgments from civil actions filed against the United States. The law would apply to amounts received after the date of the Act's enactment.

Yes· 3 of 4

  • Scored +10

    Does this raise taxes on the highest earners?

    The bill imposes a 100 percent tax on civil damages received by high-ranking government officials and their related persons.

  • Scored +5

    Does this reduce what the federal government spends?

    By taxing civil damages received from the United States, the bill effectively reduces the net amount of government funds paid out in settlements or judgments to covered persons.

  • Scored +5

    Would high-income households be better off under this?

    The bill targets high-ranking officials who are typically high earners, thereby limiting their ability to receive net payouts from civil actions.

The opposite

No question was scored the opposite.