What does Preamble of No Taxpayer-Funded Settlement Slush Funds Act of 2026 do?

This bill proposes to amend section 1304 of title 31, United States Code. The stated purpose of the bill is to restrict payments for compromise settlements or awards.

What does SHORT TITLE. of No Taxpayer-Funded Settlement Slush Funds Act of 2026 do?

This bill is formally titled the 'No Taxpayer-Funded Settlement Slush Funds Act of 2026'.

What does RESTRICTION ON FEDERAL FUNDS IN CONNECTION WITH TRUMP, ET AL. of No Taxpayer-Funded Settlement Slush Funds Act of 2026 do?

This section restricts the use of Federal funds. The restriction applies to the creation or funding of a compensation fund. This compensation fund is related to a settlement agreement from May 18, 2026. The settlement agreement concerns the case 'Trump, et al. v. IRS, et al.' before the U.S. District Court for the Southern District of Florida.

What does RESTRICTION ON CERTAIN PAYMENTS FOR COMPROMISE SETTLEMENTS OR of No Taxpayer-Funded Settlement Slush Funds Act of 2026 do?

This section amends title 31 of the United States Code to restrict payments for compromise settlements or awards. Payments are prohibited to certain individuals, including the President, Vice President, their family members, cabinet members, and high-level Executive Office of the President employees. Payments are also restricted regarding claims alleging harm related to the January 6, 2021 Capitol attack, interference in the 2016 election, or civil actions against the United States. The Secretary of the Treasury must report payments exceeding $100,000 to Congress, providing details about the plaintiff, type of judgment, attorneys, agencies involved, and the basis for the settlement. Notice must be provided to Congress prior to payments exceeding $250,000 or those related to imminent litigation against the United States. The Attorney General can pursue civil actions to recover payments made in violation of the restrictions. Congress retains the ability to appropriate funds for payments otherwise prohibited by this section. The requirements of this section apply to settlements or awards made on or after January 20, 2025. The Secretary of the Treasury is restricted from establishing compensation funds involving the President or payments violating the outlined restrictions.

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No Taxpayer-Funded Settlement Slush Funds Act of 2026

Last updated: 5/20/2026 · Introduced: 5/20/2026

Author: Jamie Raskin (D-MD)

TL;DR (AI)

This bill prohibits the use of federal funds to create or fund a compensation fund related to the 'Trump, et al. v. IRS, et al.' settlement.
It restricts payments from compromise settlements or awards to high-ranking government officials and related to claims concerning the January 6th Capitol attack or election interference.
The bill mandates reporting to Congress for payments exceeding $100,000 and requires advance notice for payments over $250,000 or those involving imminent litigation against the United States.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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