,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #gcha  ,,in ,,the ,,house ,,of  
,,representatives  ,february #d1        
#bjbf,mr4 ,thompson of ,california 7for 
himself1 ,mr4 ,doggett1 ,mr4 ,larson of 
,connecticut1 ,mr4 ,davis of ,illinois1 
,ms4 ,chu1 ,ms4 ,del,bene1 ,ms4 ,moore  
of ,wisconsin1 ,mr4 ,boyle of           
,pennsylvania1 ,mr4 ,panetta1 ,mr4      
,gomez1 ,mr4 ,horsford1 ,ms4 ,snchez1   
,mr4 ,evans of ,pennsylvania1 and ,mr4  
,schneider7 introduced the following    
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to impose a tax on      
damages received by the ,president of   
the ,united ,states on account of any   
civil action filed against the ,united  
,states1 and for other purposes4  #a4   
,short title  ,this ,act may be cited as
 the ,prevent ,presidential             
,profiteering ,act4  #b4 ,imposition of 
tax on damages received by the          
,president of the ,united ,states on    

account of civil action filed against   
the ,united ,states  7a7 ,in general    
,subtitle ,d of the ,internal ,revenue  
,code of #aihf is amended by adding at  
the end the following new chapter3      
#ej;,b ,certain civil damages of the    
,president of the ,united ,states  ,sec4
 #ejjj;,e4 ,imposition of tax on damages
 received on account of civil action    
filed against the ,united ,states4      
#ejjj;,e4 ,imposition of tax on damages 
received on account of civil action     
filed against the ,united ,states  7a7  
,in general ,there is hereby imposed on 
each covered person for any taxable year
 a tax equal to #ajj percent of the     
qualified civil action amount received  
by such person during such taxable year4
  7b7 ,covered person ,for purposes of  
this section-- 7#a7 ,in general ,the    
term covered person means--  7,a7 any   
individual who has served as ,president 
of the ,united ,states1  7,b7 any member
 of the family of such individual1 and  
7,c7 any person controlled 7based on    

principles similar to the principles    
which apply for purposes of section     
#eb7;b77 by one or more individuals     
described in subparagraph 7,a7 or 7,b74 
7#b7 ,member of the family ,the term    
member of the family means1 with respect
 to any individual described in         
paragraph 7#a77;,a7--  7,a7 the spouse  
of such individual1 and  7,b7 any       
individual who bears a relationship to  
such individual which is described in   
subparagraphs 7,a7 through 7,g7 of      
section #aeb7;d77#b74  7c7 ,qualified   
civil action amount ,for purposes of    
this section-- 7#a7 ,in general ,the    
term qualified civil action amount      
means1 with respect to any covered      
person during any taxable year1 the     
aggregate amount of damages received by 
such person during such taxable year    
7whether by settlement1 verdict1        
judgment1 or otherwise7 on account of   
any civil action--  7,a7 filed by such  
person against the ,united ,states 7or  
any agency or instrumentality thereof71 

and  7,b7 with respect to which the     
filing or settlement of1 or issuance of 
a verdict or judgment for1 occurred     
during the applicable period4  7#b7     
,applicable period ,the term applicable 
period means1 with respect to any       
covered person1 the period of time--    
7,a7 beginning with the date on which   
the individual described in subsection  
7b77#a77;,a7 began serving as ,president
 of the ,united ,states1 and  7,b7      
ending with the date on which such      
individual ceased to serve as ,president
 of the ,united ,states4  7d7 ,special  
rules  7#a7 ,administrative provisions  
,for purposes of subtitle ,f1 any tax   
imposed by this section shall be treated
 as a tax imposed by subtitle ,a4  7#b7 
,exclusion from gross income ,for       
purposes of chapter #a1 the gross income
 of any covered person for any taxable  
year shall not include any qualified    
civil action amount received by such    
person during such taxable year4  4  7b7
 ,no deduction from income tax ,section 

#bge7;a77#f7 of the ,internal ,revenue  
,code of #aihf is amended by inserting  
#ej;,b1 after #ej;,a14  7c7 ,clerical   
amendment ,the table of chapters for    
subtitle ,d of the ,internal ,revenue   
,code of #aihf is amended by inserting  
after the item relating to chapter      
#ej;,a the following new item3  ,chapter
 #ej;,b--,certain civil damages of the  
,president of the ,united ,states  4    
7d7 ,effective date ,the amendments made
 by this section shall apply with       
respect to amounts received after the   
date of the enactment of this ,act4