Finance Directives
Addressing Risks from Perkins Coie LLP
President Trump issued an executive order addressing alleged misconduct by the law firm Perkins Coie LLP. The order directs a review of security clearances held by Perkins Coie employees, mandates the cessation of government contracts with the firm and entities doing business with it, and initiates investigations into allegations of racial discrimination.
The order aims to protect national security, ensure responsible use of taxpayer funds, and uphold the principles of equal opportunity and fair elections.
This executive order mandates a transformation of federal spending, aiming for increased transparency and accountability.
It directs all agencies to implement centralized technological systems for tracking payments and justifications, conduct comprehensive reviews of existing contracts and grants to reduce spending, and freeze agency credit cards (with exceptions).
The order prioritizes the review of funds disbursed to educational institutions and foreign entities and establishes reporting requirements to the newly created Department of Government Efficiency.
Making America Healthy Again by Empowering Patients with Clear, Accurate, and Actionable Healthcare Pricing Information
This Presidential Action addresses the lack of healthcare price transparency, aiming to empower patients with clear and accurate pricing information.
It directs the Secretaries of Treasury, Labor, and Health and Human Services to strengthen existing regulations and improve enforcement, ensuring hospitals and health plans disclose actual prices rather than estimates.
It leverages prior efforts to achieve greater transparency in healthcare costs, ultimately supporting a more competitive, efficient, and affordable healthcare system.
Suspension of Security Clearances and Evaluation of Government Contracts
The President directed the Attorney General and other executive department heads to immediately suspend active security clearances held by Peter Koski and Covington & Burling LLP employees who assisted Special Counsel Jack Smith, pending a review of their involvement in the alleged weaponization of the judicial process.
The order also mandates a review of all government contracts with Covington & Burling LLP, with agencies instructed to align funding decisions with the President's priorities and the interests of the U.S. citizens.
The actions are justified by Executive Order 14147, and the memorandum explicitly states it does not create any legally enforceable rights.
President Trump Takes Decisive Action to Deliver Relief to Kentucky
President Donald J. Trump declared a major disaster in Kentucky following severe storms and flooding.
This action makes federal funding available to individuals, households, and government entities for recovery efforts.
The declaration follows an earlier emergency declaration, highlighting a rapid response to the crisis and support from state and federal officials.
America First Investment Policy
The Presidential memorandum establishes an "America First" investment policy aimed at bolstering US national and economic security.
It prioritizes investments from allies while significantly restricting those from adversaries, particularly China, focusing on sectors like technology, infrastructure, and critical resources.
The policy utilizes existing mechanisms like CFIUS and explores new legal tools, including potential sanctions, to counter adversary acquisition of sensitive US assets.
Expedited review processes for allied investments and stricter oversight of adversary investments are key components.
The memorandum also initiates reviews of existing tax treaties and financial regulations to further protect US interests and direct investment toward domestic growth.
Ending Taxpayer Subsidization of Open Borders
This executive order aims to restrict access to taxpayer-funded benefits for undocumented immigrants.
It directs federal agencies to review their programs, enhance eligibility verification, and prevent the use of federal funds to support illegal immigration or so-called 'sanctuary' policies.
The order cites the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 as legal justification and seeks to prevent the misuse of taxpayer resources while protecting benefits for eligible citizens.
Ensuring Accountability for All Agencies
This Presidential order establishes a policy of strengthened Presidential supervision and control over the entire executive branch to enhance accountability to the American people.
It mandates OIRA review of all significant regulatory actions before publication, defines terms related to independent regulatory agencies, sets performance standards, and requires consultation between agencies and the Executive Office of the President.
The order also asserts that the President and Attorney General provide authoritative interpretations of law for the executive branch.
Finally, the order includes standard clauses regarding invalid provisions and the non-creation of legally enforceable rights.