H.R. 8914

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8914 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 8914

To amend section 1304 of title 31, United States Code to restrict 
payments for compromise settlements or awards.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

May 20, 2026

Mr. Raskin (for himself, Mr. Thompson of Mississippi, Ms. Norton, Mr. 
Cohen, Mr. Olszewski, Ms. Balint, and Mr. Thanedar) introduced the 
following bill; which was referred to the Committee on the Judiciary

_______________________________________________________________________

A BILL

To amend section 1304 of title 31, United States Code to restrict 
payments for compromise settlements or awards.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``No Taxpayer-Funded Settlement Slush 
Funds Act of 2026''.

SEC. 2. RESTRICTION ON FEDERAL FUNDS IN CONNECTION WITH TRUMP, ET AL. 
V. IRS, ET AL.

No Federal funds may be used to create or make payments to fund the 
compensation fund created by the settlement agreement entered into on 
May 18, 2026, in connection with the disposition of Trump, et al. v. 
IRS, et al., Civil Action No. 1:26-cv-20609-KMW, before the U.S. 
District Court for the Southern District of Florida.

SEC. 3. RESTRICTION ON CERTAIN PAYMENTS FOR COMPROMISE SETTLEMENTS OR 
AWARDS.

Section 1304 of title 31, United States Code, is amended by adding 
at the end the following:
``(e) A compromise settlement or award may not be paid to--
``(1) the President or Vice President;
``(2) the parent, spouse, child, or spouse of a child of 
the President or Vice President;
``(3) a presidentially-owned entity;
``(4) any member of the cabinet;
``(5) any individual who is employed by the Executive 
Office of the President who is paid at a rate of basic pay 
equivalent to or exceeding the GS-15 level;
``(6) a political appointee; and
``(7) an individual who served in a position described 
under paragraph (4), (5), or (6) during the period for which 
the President who appointed such individual is in Office, 
including any period after such individual leaves such a 
position.
``(f) A compromise settlement or award may not be paid with respect 
to a claim alleging harm resulting from an investigation, prosecution, 
or conviction for an offense related to--
``(1) the January 6, 2021, attack on the United States 
Capitol;
``(2) interference in the 2016 presidential election by a 
foreign government; or
``(3) the same facts or circumstances as a civil action 
filed against the United States that was dismissed with 
prejudice.
``(g)(1) Not later than 30 days after the date on which a payment 
of more than $100,000 is made for a compromise settlement or award in 
accordance with this section, and notwithstanding any other provision 
of law, the Secretary of the Treasury shall report to the Chair and 
Ranking Members of the Committees on the Judiciary of the House of 
Representatives and the Senate, the following:
``(A) The name of the plaintiff or awardee of such 
settlement or award.
``(B) The type of judgment for which the settlement 
or award was made.
``(C) The name of each attorney representing the 
plaintiff or awardee.
``(D) The name of each agency involved in the claim 
and the name of each official approving such settlement 
or award.
``(E) A brief description of the facts and 
circumstances that gave rise to the settlement or award 
and the authority authorizing such settlement or award.
``(2) The Secretary of the Treasury shall provide notice to the 
Committees on the Judiciary of the House of Representatives and of the 
Senate prior to authorizing a payment for a compromise settlement or 
award in accordance with this section if that payment--
``(A) is of more than $250,000 to be made for a compromise 
settlement or award in accordance with this section; or
``(B) is to be made on the basis of imminent litigation or 
suit against the United States, or against its agencies or 
officials upon obligations or liabilities of the United States.
``(3) A payment for which a notice is required to be submitted 
under paragraph (2) may not be made for a period of 120 days after the 
date on which such notice is received.
``(h) In the case that a compromise settlement or award is made in 
violation of subsection (e) or (f), the Attorney General may bring a 
civil action against a plaintiff or awardee who received a settlement 
or award in violation of subsection (e) or (f) in an appropriate 
district court for injunctive relief and repayment of such settlement 
or award.
``(i) Nothing in this section, or an amendment made by this 
section, shall be construed to prohibit Congress from appropriating 
funds for a payment prohibited by this section on an individual per 
claim basis.
``(j) A settlement or award made on or after January 20, 2025, 
(including any settlement or award entered into prior to the date of 
the enactment of this subsection) shall be subject to the requirements 
of subsections (e) through (h).
``(k) The Secretary of the Treasury may not establish a 
compensation fund, or approve a payment to such a fund, and no Federal 
funds may be used by the Secretary to so establish such a fund or 
approve such a payment--
``(1) pursuant to a compromise settlement with the 
President; or
``(2) if such payment would be in violation of subsection 
(e) or (f) if made from the Judgment Fund.
``(l) In this section--
``(1) the term `presidentially-owned entity' means a 
corporation, association, partnership, limited liability 
company, limited liability partnership, other legal entity, or 
sole proprietorship in which the President or Vice President 
has an ownership stake, except that such term does not include 
an entity in which more than 100 people have an ownership stake 
and the President or Vice President, as applicable, holds no 
more than five percent in a beneficial ownership stake and 
that--
``(A) issues securities registered with the 
Securities and Exchange Commission pursuant to section 
12 of the Securities Exchange Act of 1934 (15 U.S.C. 
78l);
``(B) is an investment company registered pursuant 
to section 8 of the Investment Company Act of 1940 (15 
U.S.C. 80a-8) that does not have a stated policy of 
concentrating the investments of the investment company 
in any industry, business, single country other than 
the United States, or bonds of a single State within 
the United States; or
``(C) is a unit investment trust, as defined in 
section 4 of the Investment Company Act of 1940 (15 
U.S.C. 80a-4) that--
``(i) is a regulated investment company, as 
defined in section 851 of the Internal Revenue 
Code of 1986; and
``(ii) does not have a stated policy of 
concentrating the investments of the investment 
company in any industry, business, single 
country other than the United States, or bonds 
of a single State within the United States; and
``(2) the term `political appointee' shall have the meaning 
given such term in section 9803 of title 5.''.
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