Limit Presidential Business Activities
Official: Stop Padding Presidential Pockets Act
This bill aims to prevent Presidents from using their office for personal financial gain by imposing restrictions on business activities and requiring reimbursements for travel costs related to their businesses.
1. This bill requires the President to pay back travel costs if they benefit their own business. 2. Presidents and their immediate family cannot run businesses while in office. 3. Presidents cannot ask for donations for their libraries or museums while serving. 4. Private entities managing presidential libraries must report their financial activities annually. 5. Failing to submit required reports can result in daily fines.
This bill affects the President, Vice President, and their immediate family members.