Stop Padding Presidential Pockets Act prohibits presidents from soliciting donations and engaging in business activities while in office.
The Stop Padding Presidential Pockets Act restricts presidents from soliciting donations for presidential libraries or museums while in office. It also prohibits presidents from creating, operating, or serving on the board of any business, with any income from such activities subject to a 100 percent tax. The act mandates annual reports on interactions related to presidential libraries and museums, with penalties for non-compliance. Additionally, it requires presidents to reimburse the Treasury for costs associated with travel related to business interests in which they have a financial stake.
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