The Billionaire Program Act
A Proposed Federal Law to Address Extreme Wealth Concentration in the United States
Proposed by ORANS | orans.org | Draft for Public Comment
OVERVIEW
The Billionaire Program Act (BPA) is a proposed federal statute that establishes a structured system through which Americans with net worth above $200 million — called Ultras — must either voluntarily redistribute their excess wealth directly to other individual people, permanently leave the United States, or face escalating civil and criminal consequences for noncompliance.
The Act creates no new tax. No wealth passes to government. All redistributed wealth flows directly, person to person, as unconditional gifts to individual human beings chosen by the Ultra themselves.
STRUCTURE OF THE ACT
Title I — Congressional Findings and Purpose
Sets out the factual and constitutional basis for the Act, documenting the effects of extreme wealth concentration on interstate commerce, democratic governance, and market competition. Establishes the Program’s core design principles: person-to-person redistribution, meaningful exemptions, genuine incentives for participation, and a constitutionally sound enforcement structure.
Title II — Definitions
Defines key terms including Ultra, Billionaire Program Participant (BPP), Net Worth, Wealth Cap ($200 million), New Wealth Cap ($300 million), Donee, Gift, One Entity, and the Federal Wealth Oversight Agency (FWOA).
Title III — The Billionaire Program
Establishes the voluntary enrollment structure, gifting requirements, Donee Diversity Requirement (60% of gifts to unrelated individuals), per-Donee cap ($15 million lifetime), annual gifting minimum (10% of excess or $150 million), and market stability protections including the 20% annual sale restriction on gifted equity.
Title IV — Exempt Assets and Participant Benefits
Establishes the Homestead Exemption (primary residence of unlimited value excluded from net worth), the One Entity Exemption (up to $200 million in a single operating business excluded), the Downside Protection Floor ($100 million net worth guarantee backed by U.S. Treasury), the New Wealth Cap ($300 million post-completion), the federal estate and gift tax exemption, and the National Benefactor Recognition program.
Title V — The Federal Wealth Oversight Agency
Creates the FWOA within the Department of Treasury. Establishes its structure, powers, annual assessment procedures, valuation methodologies, the public Gift Registry, and funding through Congressional appropriations.
Title VI — Compliance Orders and Civil Enforcement
Establishes the escalating civil enforcement sequence: FWOA Compliance Order → Administrative Appeal → Federal Court Review → Confirmed Court Order → Civil Penalties (15% to 60% of excess net worth annually) → Contempt of Court.
Title VII — Criminal Offenses
Defines specific criminal offenses — willful failure to register, fraudulent concealment of assets, obstruction of FWOA proceedings, defiance of a court order — with a mandatory due process safe harbor before any criminal referral. Explicitly states that no provision criminalizes the status of possessing wealth.
Title VIII — Voluntary Self-Exile
Establishes the self-exile election: an Ultra may permanently leave the United States, retaining all wealth, citizenship, voting rights, and a U.S. passport for international travel. Self-exile must be elected before indictment. Re-entry subjects the individual to immediate arrest.
Title IX — Constitutionality Provisions
Includes severability clause, constitutional findings, and provisions designed to ensure the Act survives judicial review under the Commerce Clause, Takings Clause, Eighth Amendment, and Equal Protection doctrine.
READ THE FULL TEXT
The complete text of the Billionaire Program Act — including all definitions, procedural requirements, enforcement mechanisms, and constitutional findings — is available in the PDF download above.
For a constitutional defense of the Act, see the Supreme Court Brief. For an analysis of the Act’s long-term effects, see the Long Term Impact Assessment. For answers to common questions, see the FAQ.
Proposed by ORANS | orans.org | Draft for Public Comment