Scott Bessent Weighs Overhaul of Trump Account Rules

People briefed on the discussions described a package of rule changes that would tighten controls over the Trump account and change how it is administered. The conversations began in recent weeks and have involved senior account staff, outside counsel and compliance advisers.

Proposals under consideration include stricter limits on who can authorize transfers, mandatory multi-signature approvals for large disbursements, routine independent audits and a compliance officer with authority to halt questionable transactions. Administratively, the plan would formalize reporting lines and require regular written reports on balances, incoming contributions, expenditures and vendor payments.

Those familiar with the talks say the proposals aim to prevent unauthorized transactions, clarify signatory authority and improve transparency for internal and external stakeholders.

Bessent and his advisers are compiling a draft of recommended rules that could be circulated to account administrators and legal teams within days. Implementation would likely include a transition period to move existing signatories and vendors into the new structure and to train staff on updated procedures.

A person briefed on the matter described the emphasis as ‘ensuring there is a clear paper trail and independent checks on significant transactions'.

Supporters argue stricter oversight would reduce the risk of mistakes or misuse and make account activity easier to review by auditors and counsel. Opponents warn tighter procedures could slow urgent payments and increase administrative burden. People involved noted Bessent has emphasized balancing stronger safeguards with operational flexibility; specific approval thresholds remain under negotiation.

Requests for comment to Bessent's office and the account's administrative team were not answered.

Bessent founded Key Square Group and previously ran international investments at Soros Fund Management. He has advised on governance for institutional portfolios and funds. The Trump account's exact structure and prior administrative arrangements are not detailed in public filings; any formal changes would appear in internal governance documents and, where applicable, in regulatory disclosures.

At this stage the reforms remain proposals under consideration. Stakeholders expect further consultations and revisions before any rules are finalized or implemented.