Wealth: The Trump administration has cumulatively held nearly $27 billion in corporate equity, but the investment portfolio lacks unified disclosure

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Deep Tide TechFlow news: On July 26, a Fortune magazine article analyzed that the Trump administration has already made cumulative investments of about $26.7 billion through 30 equity or quasi-equity transactions, involving companies such as Intel, MP Materials, and U.S. Steel. However, the related holdings are dispersed across multiple government departments, and there is still no unified public disclosure mechanism for the investment portfolio, nor is there a unified oversight and regular reporting mechanism like the TARP program during the 2008 financial crisis. As of now, the Trump administration’s equity holdings are distributed across at least four departments: the Department of Commerce (17 deals), the Department of Defense (7 deals), the U.S. International Development Finance Corporation (DFC, 6 deals), and the Department of Energy (2 deals). Among them, the largest investment is the U.S. Department of Commerce’s 9.9% stake in Intel. Of note, Hassett, director of the White House National Economic Council, said these equity investments are “like the down payment for the U.S. to establish a sovereign wealth fund,” suggesting that the U.S. government may further expand its plans for directly holding corporate equity.
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