Story perspectives

Trump Discloses Municipal Bond Holdings Amid EPA Bowen Exemption

By Drooid · Sep 29, 2026, 2:47 PM UTC · How we work

Summary

Story summary

U.S. President Donald Trump holds a municipal bond portfolio valued between $300 million and $1 billion.
He owned 807 bonds worth $240.7 million-$797.6 million at the end of 2025.
In 2026 he disclosed 243 purchases worth $68.2 million-$233.8 million.
White House spokesman Davis Ingle said Trump cannot direct or influence investment decisions.
His accounts bought $50,001-$100,000 Georgia Power Plant Bowen bonds before he exempted the plant from EPA limits.

History

Historical Context

The 1978 Ethics in Government Act, passed after the Watergate scandal, mandated financial disclosures for federal officials. The law required officials like Senator John Danforth to report holdings, revealing his $5 million portfolio across 12 municipal bonds. Today, former President Donald Trump’s $300 million municipal bond portfolio, including 807 Georgia Power Bowen bonds, raises similar conflict-of-interest concerns, despite White House spokesman Davis Ingle’s denial of influence. Such parallels pressure Congress to consider tightening the 1978 Act, potentially expanding the Office of Government Ethics’ authority over post-presidential assets.

1 of 2

Story summary

U.S. President Donald Trump holds a municipal bond portfolio valued between $300 million and $1 billion.
He owned 807 bonds worth $240.7 million-$797.6 million at the end of 2025.
In 2026 he disclosed 243 purchases worth $68.2 million-$233.8 million.
White House spokesman Davis Ingle said Trump cannot direct or influence investment decisions.
His accounts bought $50,001-$100,000 Georgia Power Plant Bowen bonds before he exempted the plant from EPA limits.

1 / 2