No Payoffs for Pardons Act

The No Payoffs for Pardons Act requires individuals who receive executive clemency to file detailed financial reports if they provided gifts or benefits of $10,000 or more to the President or related entities in an attempt to secure that pardon. These disclosure reports must be submitted to the Attorney General and made publicly available online, while also updating federal bribery laws to explicitly include pardons as a form of "anything of value" that can be offered to officials. The bill imposes civil and criminal penalties for failing to file these reports or submitting false information, and it extends the statute of limitations for prosecuting bribery cases involving clemency to ten years. By mandating transparency around the exchange of favors for clemency, the legislation aims to prevent the misuse of presidential pardon power without restricting the President's constitutional authority to grant pardons.