This Act may be cited as the Eliminating Looting of Our Nation by Mitigating Unethical State Kleptocracy Act of 2025 or the ELON MUSK Act.

(a) In general A special Government employee may not enter into or benefit from any part of a contract or agreement with the Federal Government. (b) Termination of existing contracts Any contract or agreement with the Federal Government held by a special Government employee on the date of the enactment of this Act shall be terminated. (c) Definition In this section, the term special Government employee has the meaning given that term in section 202 of title 18, United States Code.