Maybe it should be called the Keeping Political Cronies Out of Jail Act but its sponsor, Congressman
Edolphous Towns of Brooklyn prefers
the Presidential Records Act Amendments of 2011. Evidently House Democrats worry that Obama will not survive the election so they would like to hide any embarrassing, unethical or criminal evidence. You can read the text of the bill here but it essentially allows Obama and future presidents a sort of lifetime executive privilege.