Bill · S.Res. 243· Senate(119-SRES-243)
A resolution condemning the financial entanglements of World Liberty Financial, Inc. with President Donald J. Trump, the Trump family, and the Trump Administration.
- Introduced
- 5/21/2025
- Last activity
- 5/21/2025 — Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3064-3065)
- Sponsored by
- Richard Blumenthal
- Cosponsors
- None
- Introduced
- In Committee
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution condemns the financial connections between World Liberty Financial, Inc. (WLFI) and President Donald J. Trump, his family, and his administration. The text alleges that these ties create unprecedented conflicts of interest and national security risks. It highlights large investments from various entities, including those involving foreign governments and individuals facing legal issues. The resolution specifically addresses a deal involving MGX Fund Management Limited that could result in the President receiving significant funds from a foreign state. Furthermore, it claims these actions violate the Foreign Emoluments Clause of the Constitution. Finally, the resolution demands that any proceeds received in violation of the Constitution be transferred to the United States Government.
Yes
Does this make what the government does easier for the public to see?+7
The resolution aims to uphold public trust and address constitutional violations regarding financial disclosures.
Does this make the government pay for what it commits to?+5
The resolution seeks to recover funds received in violation of the Constitution for the U.S. Government.
Does this strengthen ties with allied countries?+5
The resolution aims to prevent undue foreign influence on U.S. foreign policy.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of Public Trust: The resolution aims to uphold the public trust and the integrity of public office by addressing potential constitutional violations and conflicts of interest. (Preamble)
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Recovery of Funds: The resolution demands the transfer of proceeds received in violation of the Foreign Emoluments Clause to the United States Government. (Resolution Section 3)
Potential Negative Impacts for People
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National Security Risks: The financial entanglements described are noted to pose unacceptable national security risks. (Preamble)
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Foreign Influence on Policy: The acceptance of substantial payments from a foreign government could unduly influence the foreign policies of the United States. (Preamble)
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Potential for Unscrupulous Financial Activity: The text states that the President's financial ties to WLFI invite anyone in the world, including foreign governments and unscrupulous individuals, to directly enrich the President and his family through the pseudonymity of the blockchain. (Preamble)
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Unregulated Financial Transactions: The resolution highlights risks involving investments from entities such as DWF Labs, which is suspected of market manipulation, and Binance Holdings, Ltd., which pleaded guilty to violating anti-money-laundering laws. (Preamble)
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+7
- Economy And Finance
- Improves Fiscal Responsibility+5
- National Security And Foreign Policy
- Improves International Alliances+5
- 5/21/2025
- Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S3064-3065)
- Introduced in Senate