To prohibit the President, the Vice President, an immediate family member of the President or the Vice President, and certain businesses from contracting with or receiving Federal funds, and for other purposes.

This bill prohibits the President, the Vice President, immediate family members of either, or a significant business interest of such individuals from contracting with the federal government or receiving federal funds, with limited exceptions.

Such exceptions include, among other things (1) a contract or agreement with the federal government entered into or negotiated before or after the period in which the President or the Vice President serves in office; and (2) a contract for employment with the federal government or a contract for service in the Armed Forces, or any benefits provided under such employment or service.