Bessent calls $5,000 check proposal a review as TPLF proceeds draw scrutiny

  • Bessent criticized TPLF proceeds and said the Treasury is reviewing $5,000 checks.
  • $5,000 checks are intended for every American adult under Trump’s proposal.
  • Trump tied the payments to Republicans winning both chambers of Congress, according to last week’s report.

U.S. Treasury Secretary Bessent described proceeds from TPLF (third-party litigation financing) as a “malignant factor” in the financial system and said the Treasury is reviewing a proposal for $5,000 checks. He added that the president’s intention regarding the payments is “very real.” The comments follow a report last week that Trump proposed giving every American adult $5,000 if Republicans win both chambers of Congress.

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Bessent calls $5,000 check proposal a review as TPLF proceeds draw scrutiny - CoinPost Terminal