HR7381Referred to Committee

Prevent Presidential Profiteering Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-04
Introduced
17
Cosponsors
HR
ⓘ
Type

Sponsor

Mike Thompson
Mike Thompson
Democrat · CA · Representative
Votes with party: 97.5% (604 recorded votes)

Full profile: /officials/T000460

Source: Congress.gov · FEC

Cosponsors (17)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-02-04

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

This bill would require presidents and vice presidents to place their business assets into a blind trust while in office and for a period after leaving office, preventing them from knowing about or profiting from their businesses during their tenure. The measure aims to eliminate conflicts of interest where a president could make decisions that benefit their personal financial interests. It would apply new tax and financial disclosure rules to sitting and former presidents to ensure they cannot use their position to increase their wealth.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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