Section 1. Short title
This Act may be cited as the Stop Padding Presidential Pockets Act.
Section 2. Reimbursement required
Notwithstanding any other provision of law, in the case of a person whom the United States Secret Service is authorized to protect under paragraph (1) or (2) of section 3056(a) of title 18, United States Code, if that person travels domestically or internationally in furtherance of the business interests of an entity owned by or controlled by the President of the United States, or from which the President of the United States receives any financial benefit, that person shall reimburse to the Treasury—
(1) amount expended by the United States Secret Service for the provision of such protection; and
(2) any amount expended for other costs incurred by the Government pertaining to that travel.
(a) In general
Section 2680 of title 28, United States Code, is amended by adding at the end the following:
(o) Any claim, without regard to when the act or omission giving rise to the claim occurred, brought by—
(1) the President;
(2) the Vice President; or
(3) an individual who subsequently becomes President or Vice President while the claim is pending.
(b) Applicability
The amendment made by subsection (a) shall apply to any claim pending on, or brought on or after, the date of enactment of this Act.
(a) In general
A person whom the United States Secret Service is authorized to protect under paragraph (1) or (2) of section 3056(a) of title 18, United States Code, may not solicit any donation for a presidential library or museum while that president is in office. Each such person shall submit an annual report to the Archivist of the United States on each interaction with another party that pertains to a presidential library and museum.
(b) Private entities
Each private entity that administers or lobbies for a presidential library or museum shall submit an annual report to the Archivist of the United States on the financial activities of that private entity that pertain to the presidential library or museum.
(c) Penalty
Whoever fails to submit a report required to be submitted under this section shall be fined $1,000 each day that the report is not submitted.
Section 5. Limitation on Presidential activities
The President may not create a business, operate a business, serve on a board of directors of any business, or be part of any day-to-day operations of a business while in office. If an immediate family member of the President engages in any conduct prohibited on the part of the President in this section, that immediate family member shall submit quarterly reports to Congress and publish a certification that their conduct is not enriching or benefitting the sitting President of the United States. If the President creates, operates, or serves on a board of directors of any business, any income the President earns from such creation, operation, or service shall be subject to a tax of 100 percent.