Democrats eye congressional probes into Trump administration’s corporate equity stakes

Following the midterm elections, Democrats are preparing to scrutinize the Trump administration's unprecedented equity stakes in private sector companies. With the party taking control of the House and Senate in January, lawmakers plan to root out alleged corruption involving the president, his family, and business associates.

The investigations may target deals such as U.S. Steel's golden share and stakes in Intel and MP Materials. Democratic lawmakers have already signaled intent to examine potential conflicts of interest, particularly regarding tech giants like Apple and Meta, as well as critical minerals deals struck during Trump's second term.

While the administration argues these voluntary investments rebuild the industrial base, Democrats seek to ensure the stakes forward genuine national security priorities rather than providing special favors. The next Congress is expected to boost oversight efforts to tie these financial arrangements to broader accountability and anti-corruption missions.

Read the full story at CNBC.