Acting attorney general says Trump’s $1.8bn ‘anti-weaponization’ fund is scrapped The federal government is abandoning a proposed $1.8bn fund intended to compensate Donald Trump’s allies, citing concerns about its implementation. However, an agreement that prohibits the IRS from auditing Trump, his family, and related entities will be maintained. This agreement was part of a settlement for a lawsuit filed by Trump against the IRS over the leak of his tax returns.

• The federal government is no longer pursuing a $1.8bn fund for Trump allies.
• An agreement preventing the IRS from auditing Trump, his family, and related entities will remain.
• The fund was proposed to compensate individuals who felt the government was weaponized against them.
• Democrats and Republicans objected to the creation of the loosely controlled fund.
• Former IRS officials have stated that audit immunity agreements for presidents are not standard practice.
• Legal challenges had been raised, including a federal judge blocking action on the fund and another judge reopening the case related to the audit immunity agreement.
• Despite the fund’s cancellation, individuals may still seek compensation through administrative claims.