S. 5448 — Anti-Corruption Tax (ACT) Act

This section imposes a 100 percent tax on public office windfall income of covered individuals, in addition to other taxes. Covered individuals include former Presidents, Vice Presidents, and Level I Executive Schedule officials under 5 U.S.C. 5312 (such as Cabinet secretaries), their spouses during the relevant period, and their children. The tax applies to income from covered favorable government actions—discretionary federal actions such as contracts, licenses, permits, leases, grants, waivers, or merger approvals—taken during the official’s service and benefiting the covered individual or their entities. The tax applies to taxable years ending after January 20, 2025.