High Court Gift Ban Act

The High Court Gift Ban Act was introduced by Senator Luján (D-NM) on July 14, 2026, and referred to the Senate Committee on the Judiciary. The bill amends Title 5 of the U.S. Code to add a new section prohibiting federal judicial officers from accepting gifts valued at $50 or more from any source, with an annual aggregate limit of $100 from a single source. Exceptions include gifts from relatives, other judicial officers, and items for which fair market value is paid. The bill has two cosponsors (Senators Welch and Schiff) and a companion bill (H.R. 9688) in the House. As an early-stage bill with no funding authorization or appropriation, it has no direct financial market implications. The bill's policy area is Law, and it does not target any specific industry or publicly traded company. The legislative path requires committee consideration, potential floor votes in both chambers, and presidential action before becoming law. Given its procedural status and lack of market relevance, the impact score is low.