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Recent Editions
Accountancy Slice
North America
U.S. Rep. Jamie Raskin (D-MD), the top Democrat on the House Judiciary Committee, has introduced legislation aimed at overturning key elements of President Donald Trump’s recent settlement with the IRS, arguing the agreement amounts to a “super pardon” that shields the president from future scrutiny. The proposed BLANCHE Act would prohibit sitting presidents from receiving financial awards, damages, attorney fees, or other benefits from settlement agreements with the federal government. It would also require federal courts to review and approve any such agreements to ensure they are not collusive and are supported by a legitimate legal basis. While the administration has abandoned plans for a proposed $1.8bn “anti-weaponization” compensation fund that was part of the agreement, Acting Attorney General Todd Blanche has confirmed that other provisions remain in place, including a permanent ban on new government investigations into Mr. Trump’s past tax returns. Mr. Raskin also introduced a separate bill that would create a clearer legal pathway for individuals seeking damages when their constitutional rights are violated by the federal government.
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