Warner Bros. recently bought the script from Parks and Recreation writer Daniel J. Goor, which centers on a straight-laced Secret Service agent who gets assigned to protect an unsavory ex-President. Tom Cruise has attached himself to the Secret Service agent role, while the studio has put out an offer to Jack Nicholson to portray the ex-President. Here's an excerpt from the site's article, which describes the plot in more detail:
Warner Bros. wouldn't comment on the story for the article, and it was said that, despite the offers and attachments made, nothing is guaranteed at this point. We'll be sure to keep you posted with any further details on El Presidente as soon as we have more information.