Warren Releases New Responses from Key Trump-Affiliated Companies Regarding Corrupt IRS Settlement

Six companies distanced themselves from the controversial agreement; several companies most closely tied to Trump family refused to respond Text of Kalshi Response (PDF) | Text of Polymarket Response (PDF) | Text of Kaz Resources Response (PDF) | Text of Powerus Response (PDF) | Text of ABTC Response (PDF) | Text of TMTG Response (PDF) Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, released new responses from Trump-affiliated companies regarding President Donald Trump’s corrupt deal with the Treasury Department (Treasury) and the Internal Revenue Service (IRS). The responses came as a result of the investigation Warren launched alongside Minority Leader Chuck Schumer (D-N.Y.) and Senator Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, earlier this month. The senators sent letters to eleven organizations. Six — Trump Media and Technology Group, Polymarket, Kalshi, American Bitcoin, Powerus, and Kaz Resources — responded by suggesting they were not involved with or granted immunity by the controversial order. Five companies, including the Trump Organization, World Liberty Financial, and 1789 Capital — organizations with very close ties to Trump or his family — refused to respond. “Several Trump-tied companies failed to respond to our basic questions about this corrupt agreement, raising real concerns that they plan to use it as a get-out-of-jail-free card,” said Senator Warren. “Americans deserve answers and accountability now.” In January 2026, President Trump, his sons Eric Trump and Donald Trump Jr., and the Trump Organization sued Treasury and the IRS over leaks of tax information by a contractor during President Trump’s first term in office. In May, the Justice Department announced an order that appears to bar Treasury and IRS from auditing or otherwise pursuing enforcement actions against Trump, Donald Trump Jr., Eric Trump, the Trump Organization, and “related or affiliated” businesses. The Department of Justice and the Trump Administration have repeatedly refused to provide written answers clarifying the scope of this immunity agreement. The agreement has been a key focus throughout the process of Todd Blanche’s confirmation as attorney general. Tomorrow, the Senate Judiciary Committee is scheduled to vote on whether to advance Blanche’s nomination to the full Senate. This month, after a federal judge stated that the DOJ’s order attempting to shield President Trump, his family, and his businesses from tax audits “directly contravenes” federal law, Senators Warren and Wyden pressed Treasury Secretary Scott Bessent and Chief Executive Officer of the Internal Revenue Service (IRS) Frank Bisignano to cease implementation of the order. In April, Senator Warren, joined by Minority Leader Schumer and Representatives Jamie Raskin, Ranking Member of the House Committee on the Judiciary, and Dave Min, introduced the Ban Presidential Plunder of Taxpayer Funds Act , a bill to ban presidents and vice presidents from abusing their power to steal taxpayer funds. Senator Warren has led the fight to root out corruption and hold the Trump administration accountable: In June 2026, Senators Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.) and Mazie Hirono (D-Hawaii), along with Representatives Jason Crow (D-Colo.) and Mike Levin (D-Calif.), pressed White House Chief of Staff Susie Wiles following reports that the White House interfered to deliver a lucrative Department of Defense (DoD) contract to Vulcan Elements, a key Trump Jr.-linked company. In May 2026, Senator Elizabeth Warren pressed the Acting Director-Designate for Immigration and Customs Enforcement (ICE), David Venturella , on his decades-long revolving door career between ICE and the private prison industry and his reported use of Department of Homeland Security (DHS) personnel and resources for personal or political favors. In May 2026, Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.) introduced the Banning Lobbying And Safeguarding Trust (BLAST) Act , a bipartisan bill to impose a lifetime ban on lobbying by former members of Congress. In February 2026, Senators Elizabeth Warren (D-Mass.) and Andy Kim (D-N.J.), along with Representatives Pat Ryan (D-N.Y.) and Deborah Ross (D-N.C.) pressed the Inspectors General (IGs) of 16 key agencies to open investigations into senior Trump officials who were recently lobbyists or “shadow lobbyists” and may be using their roles to benefit their former employers and clients. In January 2026, Senators Warren (D-Mass.), Richard Blumenthal (D-Conn.), and Andy Kim (D-N.J.), pressed Secretary of Defense Pete Hegseth on potential conflicts of interest surrounding the awarding of multiple lucrative Department of Defense (DoD) contracts and loans to companies associated with President Donald Trump’s son, Donald Trump Jr. In December 2025, Senator Elizabeth Warren (D-Mass.) and Representative Chris Deluzio (D-Pa.) pressed the Trump administration to follow through on promises to limit defense companies’ stock buybacks and incentivize them to increase research and development spending. In December 2025, Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) called for then-Attorney General Pam Bondi to recuse herself from the Department of Justice (DOJ)’s review of any Warner Bros. merger due to potential conflicts of interest related to her former employer, lobbying firm Ballard Partners. In September 2025, Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, wrote to Donald Korb , nominee for Chief Counsel for the Internal Revenue Service (IRS), ahead of Korb’s confirmation hearing, pressing him on his stark conflicts of interest and urging him to make ethics commitments to mitigate these conflicts. In July 2025, Senators Warren (D-Mass.) and Rick Scott (R-Fla.) wrote to former Secretary of Defense Lloyd Austin seeking an explanation and further information on his recent decision to start a strategic advisory firm. Austin had publicly promised Senator Warren during his 2021 confirmation process that he would not become a lobbyist after his government service ended. In July 2023, United States Senators Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Committee Subcommittee on Personnel, and Chuck Grassley (R-Iowa), and United States Representatives Jason Crow (D-Colo.) and Suzan DelBene (D-Wash.) introduced the Retired Officers Conflict of Interest Act – a bill that would require public reporting on retired service members working on behalf of foreign governments and creating civil penalties if they break the law. In December 2020, Senator Warren (D-Mass.) and Representative Pramila Jayapal (D-Wash.) reintroduced the Anti-Corruption & Public Integrity Act to strengthen ethics laws and crack down on government officials’ conflicts of interest across the government. ###