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.
If you are concerned about political leaders profiting from their position, this bill seeks to limit that possibility.
Who this affects
President · Vice President · Immediate family members
What changes is this bill making?
1This bill requires the President to pay back travel costs if they benefit their own business.
2Presidents and their immediate family cannot run businesses while in office.
3Presidents cannot ask for donations for their libraries or museums while serving.
4Private entities managing presidential libraries must report their financial activities annually.
5Failing to submit required reports can result in daily fines.
