No Payoffs for Pardons Act

The No Payoffs for Pardons Act requires individuals who receive presidential clemency to file financial disclosure reports if they provided gifts or payments worth at least $10,000 to the President, their family members, or related political entities in exchange for that clemency. These reports must detail the nature and value of the benefits provided and will be made publicly available by the Department of Justice, with penalties including fines and imprisonment for those who willfully fail to comply or submit false information. Additionally, the bill updates federal bribery laws to explicitly include executive clemency as a bribe and extends the statute of limitations for prosecuting such bribery cases to ten years. By mandating transparency around the exchange of money for pardons, the legislation aims to prevent the misuse of the pardon power while leaving the President's actual decision-making authority on granting clemency unchanged.