No Taxpayer Bailouts for Insurrectionists Act of 2026

This Act may be cited as the No Taxpayer Bailouts for Insurrectionists Act of 2026.
No amounts may be obligated (including from amounts made available under section 1304 of title 31, United States Code) pursuant to any settlement agreement with a covered person in an amount equal to $50,000 or more except in accordance with this Act.
No amounts may be obligated pursuant to the settlement agreement in Trump v. Internal Revenue Service, No. 1:26-cv-20609 (S.D. Fla.).
For purposes of this Act, the term covered person means—
the President;
the Vice President;
a cabinet official;
any parent, spouse, child, or spouse of a child of a person described in paragraph (1), (2), or (3);
a political appointee; or
any person who was convicted of a criminal offense in relation to the events of January 6, 2021, occurring at the United States Capitol.
An obligation of $50,000 or more may only be made pursuant to a settlement agreement with a covered person if the Attorney General submits a report to Congress not later than 90 days prior to the date such obligation is scheduled to be made, and such report sets forth—
every claim and payment to be obligated under the settlement agreement (including the name of each payee and the amount of the payment);
the legal justification for entering into the settlement agreement; and
a report from the Inspector General of the Department of Justice certifying that the settlement agreement is lawful and in accordance with the ethical best practices of the Department of Justice.
Not later than 90 days after the date of enactment of this Act, the Comptroller General of the United States shall complete a study, and submit a report to Congress thereon, examining whether any obligation of funds or expenditures of the compensation fund establish pursuant to Settlement Agreement in Trump v. Internal Revenue Service, No. 1:26-cv-20609 (S.D. Fla.). are in accordance with appropriations law, including sections 1341, 1342, and 1511 through 1519 of title 31, United States Code.