Bill would tax a sitting president's investment gains at 100 percent.
H.R. 9529 — NO PROFIT Act · Filed by Andrea Salinas (D-OR) · Introduced Jun 29, 2026 · Referred to committee
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What it does
The bill taxes money a sitting president makes from selling assets. The tax rate is 100 percent. Assets in a qualified blind trust are exempt. The bill applies retroactively to 2024.
Who it affects
The bill targets a sitting president. It aims to stop a president from profiting while in office.
One thing to notice
The bill taxes gains retroactively and sets the tax rate at 100 percent. These rules may face legal challenges.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jun 29, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jun 29, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- qualified blind trust — A legal arrangement where someone puts assets in a trust and does not know what is in it.
- retroactively — Applying a rule to events that already happened in the past.
- sitting president — A president who is currently serving in office.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (2,682 characters) on Aug 12, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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