WASHINGTON, D.C. — Today, Senators Elissa Slotkin (D-MI), Adam Schiff (D-CA), and Mark Kelly (D-AZ) introduced the Drain the Slush Fund Act, legislation aimed at dismantling President Trump’s Anti-Weaponization Fund and barring the use of taxpayer money for payments to the President, his associates, individuals convicted of crimes, or those involved in the January 6, 2021 insurrection.
“From his ballroom to his son’s cryptocurrency, to insider stock trading and selling pardons to the highest bidder — President Trump has used the federal government as a piggybank for himself and his allies,” said Senator Slotkin. “This so-called $1.7 billion anti-weaponization fund is an unprecedented misuse of taxpayer money, and it must be stopped. Our bill does just that. Democrats, Republicans, and Independents are crying out for the President to focus on the economy and lowering their costs. My colleagues should join us on this bill to prevent even more corruption, and re-assert themselves as co-equal branch of government.”
“Donald Trump’s slush fund is one of the most brazenly corrupt schemes we’ve ever seen from a U.S. President,” said Senator Schiff. “As Republicans return to Washington to provide further funding for this and other mistaken priorities, we’re going to hold them accountable, and force a vote on this language to shut down the slush fund once and for all. Americans see the cost of this corruption coming out of their own pockets. And as Senators who have actually seen their government weaponized against them, we want to make it clear: we will not allow a single payout from this so-called weaponization fund to be paid.”
“Americans are struggling to make ends meet and Trump wants to use taxpayer money to pay off his friends and allies. The president’s slush fund is a $1.7 billion theft in broad daylight to benefit people like the criminals who attacked Capitol police officers on January 6th,” said Senator Kelly. “The administration’s corruption is hurting hardworking families, so we’re stopping it in its tracks.”
The bill would also place new restrictions on the Department of Justice’s Settlement Fund, prohibiting any settlements or payments arising from claims or lawsuits brought by a sitting President or Vice President. The restriction would be retroactive to January 20, 2025, cutting off any pending settlements and closing the door on future misuse of the fund.
The full text of the bill is available here.
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