Text of House Amendment 1

On 2026-06-29, Representative Jamie Raskin (D-MD-8) delivered a floor speech titled "Text Of House Amendment 1" in the House.

Text of House Amendment 1

Congressional Record, Volume 172 Issue 108 (Monday, June 29, 2026) [Congressional Record Volume 172, Number 108 (Monday, June 29, 2026)] [House] [Page H4319] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] H.R. 7007 Offered By: Mr. Raskin Amendment No. 1: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``No Corrupt Agreements Requiring Taxpayer Expenditures Benefitting Lawbreakers and Assorted Non-Prosecution Covenants, Handouts, and Emoluments Act of 2026'' or the ``NO CARTE BLANCHE Act of 2026''. SEC. 2. RESTRICTION ON FEDERAL FUNDS IN CONNECTION WITH TRUMP, ET AL. V. IRS, ET AL. No Federal funds may be used to create or make payments to fund the compensation fund created by the settlement agreement entered into on May 18, 2026, in connection with the disposition of Trump, et al. v. IRS, et al., Civil Action No. 1:26-cv-20609-KMW, before the U.S. District Court for the Southern District of Florida. SEC. 3. RESTRICTION ON CERTAIN PAYMENTS FOR COMPROMISE SETTLEMENTS OR AWARDS. Section 1304 of title 31, United States Code, is amended by adding at the end the following: ``(e) A compromise settlement or award may not be paid to-- ``(1) the President or Vice President; ``(2) the parent, spouse, child, or spouse of a child of the President or Vice President; ``(3) a presidentially-owned entity; ``(4) any member of the cabinet; ``(5) any individual who is employed by the Executive Office of the President who is paid at a rate of basic pay equivalent to or exceeding the GS-15 level; ``(6) a political appointee; and ``(7) an individual who served in a position described under paragraph (4), (5), or (6) during the period for which the President who appointed such individual is in Office, including any period after such individual leaves such a position. ``(f) A compromise settlement or award may not be paid with respect to a claim alleging harm resulting from an investigation, prosecution, or conviction for an offense related to-- ``(1) the January 6, 2021, attack on the United States Capitol; or ``(2) the same facts or circumstances as a civil action filed against the United States that was dismissed with prejudice. ``(g)(1) Not later than 30 days after the date on which a payment of more than $100,000 is made for a compromise settlement or award in accordance with this section, or a series of compromise settlement or award payments reaches a total of more than $100,000 within the previous 4 years, and notwithstanding any other provision of law, the Secretary of the Treasury shall report to the Chair and Ranking Members of the Committees on the Judiciary of the House of Representatives and the Senate, the following: ``(A) The name of the plaintiff or awardee of such settlement or award. ``(B) The type of judgment for which the settlement or award was made. ``(C) The name of each attorney representing the plaintiff or awardee. ``(D) The name of each agency involved in the claim and the name of each official approving such settlement or award. ``(E) A brief description of the facts and circumstances that gave rise to the settlement or award and the authority authorizing such settlement or award. ``(2) The Secretary of the Treasury shall provide notice to the Committees on the Judiciary of the House of Representatives and of the Senate prior to certifying a payment for a compromise settlement or award in accordance with this section if that payment-- ``(A) is of more than $250,000 to be made for a compromise settlement or award in accordance with this section; ``(B) amounts to a total of more than $250,000 in payments for a series of compromise settlements or awards over the previous 4 years; or ``(C) is to be made on the basis of imminent litigation or suit against the United States, or against its agencies or officials upon obligations or liabilities of the United States. ``(3) A payment for which a notice is required to be submitted under paragraph (2) may not be made for a period of 120 days after the date on which such notice is received. ``(h) In the case that a compromise settlement or award is made in violation of subsection (e) or (f), the Attorney General may bring a civil action against a plaintiff or awardee who received a settlement or award in violation of subsection (e) or (f) in an appropriate district court for injunctive relief and repayment of such settlement or award. ``(i) Nothing in this section, or an amendment made by this section, shall be construed to prohibit Congress from appropriating funds for a payment prohibited by this section on an individual per claim basis. ``(j) A settlement or award made on or after January 20, 2025, (including any settlement or award entered into prior to the date of the enactment of this subsection) shall be subject to the requirements of subsections (e) through (h). ``(k) The Secretary of the Treasury may not establish a compensation fund, or approve a payment to such a fund, and no Federal funds may be used by the Secretary to so establish such a fund or approve such a payment-- ``(1) pursuant to a compromise settlement with the President; or ``(2) if such payment would be in violation of subsection (e) or (f) if made from the Judgment Fund. ``(l) In this section-- ``(1) the term `presidentially-owned entity' means a corporation, association, partnership, limited liability company, limited liability partnership, other legal entity, or sole proprietorship in which the President or Vice President has an ownership stake, except that such term does not include an entity in which more than 100 people have an ownership stake and the President or Vice President, as applicable, holds no more than five percent in a beneficial ownership stake and that-- ``(A) issues securities registered with the Securities and Exchange Commission pursuant to section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l); ``(B) is an investment company registered pursuant to section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) that does not have a stated policy of concentrating the investments of the investment company in any industry, business, single country other than the United States, or bonds of a single State within the United States; or ``(C) is a unit investment trust, as defined in section 4 of the Investment Company Act of 1940 (15 U.S.C. 80a-4) that-- ``(i) is a regulated investment company, as defined in section 851 of the Internal Revenue Code of 1986; and ``(ii) does not have a stated policy of concentrating the investments of the investment company in any industry, business, single country other than the United States, or bonds of a single State within the United States; and ``(2) the term `political appointee' shall have the meaning given such term in section 9803 of title 5.''. SEC. 4. COMPROMISE SETTLEMENTS. (a) In General.--Chapter 161 of title 28, United States Code, is amended by inserting after section 2414 the following: ``Sec. 2414a. Compromise settlements between the President and the United States ``(a) Invalidity.--In the case of any administrative claim, civil action, or other claim against the United States filed by the President (including a claim or civil action filed by an individual who assumed the Office of the President while such claim is pending), any covered agreement to resolve such claim or action is void ab initio unless such covered agreement is the subject of a court order giving it effect. A court of the United States may not issue such an order unless-- ``(1) the President, if no such civil action has been filed, files a civil action before the court and files the proposed terms of the covered agreement with the court; and ``(2) the court conducts a hearing on the proposed terms of the covered agreement, with presentation of evidence by the parties, and thereafter enters the order giving effect to the terms of the covered agreement, that includes explicit findings of the court that-- ``(A) the parties to the action are adverse; ``(B) the action was not brought to force a covered agreement with the United States; ``(C) the United States made a good faith effort to explore available defenses to the claims at issue and has a reasonable legal basis for its decision to enter into the covered agreement; ``(D) the covered agreement is not-- ``(i) collusive; or ``(ii) the perpetration of a fraud on the court; and ``(E) the covered agreement is in the interest of justice. ``(b) Covered Agreement Defined.--In this section, the term `covered agreement' means any settlement agreement, consent decree, compromise settlement, or other agreement to resolve an administrative claim, civil action, or other claim against the United States. ``(c) Applicability.--This section shall apply to any covered agreement between the President and the United States concluded before, on, or after the date of enactment of this section.''. (b) Clerical Amendment.--The table of sections for chapter 161 of title 28, United States Code, is amended by inserting after the item related to section 2414 the following: ``2414a. Compromise settlements between the President and the United States.''.

Referenced legislation: HR7007