Congress should cut off Trump's 'weaponization' fund - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Economic News
Newswires RSS Get our newsletter
Order Prints
May 27, 2026 Newswires
Share
Share
Post
Email

Congress should cut off Trump's 'weaponization' fund

Staff WriterThe News-Item

The Trump administration's creation of a $1.776 billion fund of taxpayer money under the president's control to pay favored individuals outside the judicial process is drawing bipartisan condemnation. "From all outward appearances, this doesn't pass the smell test," said Sen. John Curtis, R-Utah. "We're considering legislative options," added Rep. Brian Fitzpatrick, R-Pa. "You can't do that."

When Republican members of Congress grouse about the president's excesses, it's usually just talk. But not always: Sen. Thom Tillis, R-North Carolina, used his power over confirmations to force the Trump Justice Department to drop its frivolous criminal probe into Federal Reserve Chair Jerome H. Powell. Perhaps this will be another instance where congressional Republicans assert themselves. They'd be doing a favor not just for taxpayers but their own party.

The "Anti-Weaponization Fund" announced this week is part of the "settlement" of President Donald Trump's lawsuit against the IRS over the leak of his tax returns by a contractor in 2019 and 2020. That leak — which affected thousands of taxpayers — was a serious crime, but it's not appropriate for the president to dictate the terms of a settlement in his own case. That's essentially what Trump is doing because he controls the officials in the Justice Department and IRS who signed off on the terms.

The fund will make payouts to people the administration considers victims of government "weaponization." It's a loosely defined category expected to primarily include political supporters of the president who have been subject to investigation or prosecution. Congress never approved such a program, so the administration will tap the Treasury Department's Judgment Fund for paying settlements — a pot of money subject to relatively few controls that has been misused in the past.

Even a small number of Republican members of Congress offended by this extrajudicial arrangement have the power to limit or stop it. The Trump administration is pursuing, and Congress has been advancing, a $72 billion reconciliation bill to fund Immigration and Customs Enforcement and Border Patrol. The bill is intended to circumvent the Democrats' filibuster with only Republican votes.

The House or Senate could pair that money with language tightening control over the "Judgment Fund." They could limit payouts to third parties from the fund in a way that would also constrain future Democratic administrations.

Congress doesn't need to acquiesce to executive endruns around its power of the purse. As Justice Brett M. Kavanaugh wrote in a recent dissent that was praised to the heavens by Trump: "Importantly, the House, the Senate, and the president annually approve most appropriations. As a result, each House of Congress and the President independently possesses de facto veto power over particular appropriations."

Just a handful of Republicans in either chamber can stop Trump's fund from going forward. Trump could veto the legislation Congress passes, of course — but would he really hold up funding for vital government functions over a much smaller pool of money for allies? That certainly wouldn't be a good political look heading into the midterms.

Two police officers who experienced the Capitol riot on Jan. 6, 2021, filed a lawsuit to stop the fund based on the expectation that it will be used to pay defendants in riot cases. But their claim to legal standing is shaky. The courts aren't the best venue for checking the executive's misallocation of resources — Congress is. The presidential cynicism on display here just might be enough to create a bipartisan legislative majority.

— Washington Post

Older

Erie County native wins Pulitzer Prize

Newer

The United States may be the best place to build universal healthcare

Advisor News

  • Global economy ‘resilient’ in the wake of massive disruption
  • Cryptocurrency legislation takes one step forward with bipartisan support
  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
More Advisor News

Annuity News

  • MetLife Expands Guaranteed Retirement Income Offering with Innovative Flexible Annuity Option
  • How annuities can help protect retirees from financial scams
  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
More Annuity News

Health/Employee Benefits News

  • Hecklers disrupt Cedar Rapids campaign rally as Ashley Hinson touts stock trading ban
  • Reed: Can these assets be saved?
  • Virginia program cuts costs of health insurance under Obamacare
  • Retirement, health insurance costs to put pressure on future Baker City budgets
  • The United States may be the best place to build universal health care (Opinion)
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Halyk-Life, JSC
  • AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
  • AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company
  • Nationwide reaches reinsurance agreement with MassMutual on UL policy block
  • Best’s Market Segment Report: AM Best Maintains Outlook on Philippines’ Non-Life Insurance Segment at Stable
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet