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Reason
Reason
Politics
Joe Lancaster

THE TRUTH ABOUT: Trump keeps taking equity shares of private companies a new gop bill would codify the practice - The Untold Story

Republican Party Donald Trump Intel Corporation Warren Davidson National Security

Since reentering office, President Donald Trump has taken equity shares in multiple private companies on behalf of the U.S. government. For example, after then-President Joe Biden awarded an $8.5 billion grant to Intel, Trump demanded a 10 percent stake in the company—all this, even though such an act has no basis in law.

A new GOP bill would not only codify the practice but expand it.

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