Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Prevents presidents from owning banks or banking interests while in office.
The problem
Concerns that a sitting president could use banking authority to benefit personal financial interests, creating conflicts of interest and undermining banking regulation independence.
The proposal
Prohibits sitting presidents from owning or controlling banking institutions. Requires divestment of banking interests upon taking office. Creates enforcement mechanisms through banking regulators.
The impact
Presidents would divest banking holdings. Banks would gain regulatory independence. Affected presidents lose personal banking business control during tenure.
A president who owns banks might make banking rules to help their own business. This bill prevents that by making presidents give up banking interests. It keeps personal profits separate from government decisions.
Bank regulators can focus on protecting the public instead of worrying about a president's personal banking interests. This independence helps banking rules work fairly for everyone.
People are more likely to trust government if they know leaders aren't using power to get rich personally. This shows commitment to honest government.
Presidents could not use their position to make their own banks more successful or profitable. This limits using public office for private gain.
Presidents would have to sell banking interests, reducing their personal wealth and property rights. This is more restrictive than conflicts-of-interest policies for other officials.
Some wealthy people with banking backgrounds might not run for president if they must sell their banks. This could limit the candidate pool.
Presidents could hide banking interests through family members or complex business structures. Enforcement would be difficult and expensive to monitor.
Courts might question whether Congress can force presidents to sell personal property. This could face legal challenges that delay or block the law.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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