Drain the Swamp and the President's Assets Act This bill amends the Ethics in Government Act of 1978 to prohibit the President from holding any asset that would be considered a disqualifying financial interest under applicable criminal code provisions. The President may place any such asset into a blind trust. The trustee or other entity who is involved in the management or control of the blind trust shall divest the blind trust of such asset. A violation of this bill's prohibition constitutes an impeachable offense.