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(visit the link for the full news article)
Article I, Section 9, of the Constitution, the emolument clause, clearly stipulates: "And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince or foreign State."
Originally posted by dbates
Well, the award does come with a $1.4 million prize. As the news article points out, Pres. Obama can't even give that to charity in his name since that would give him a huge tax break.
As far as the title of "Winner of the Nobel Peace Prize" I'd say that this was actually better than the title of "Sir" or "Lord" since so very few people actually receive the award. For instance you could use it to boost your reputation and status. Looking at it that way I'm sure even the medal they give out would have to receive the blessing of Congress. We'll just have to wait and see what Congress says.
It will be interesting to see what Congress has to say about what appears to be a fairly straightforward law.