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A to-do list for the next Democratic trifecta

Rolling Back Trump

Every square is something Donald Trump or his administration signed, ordered, or put his name on since January 20, 2025. Some can be undone with a signature. Others will take an act of Congress, new rules, or years of rebuilding. Each square shows who it affects.

Financial disclosure · Aug 18, 2026 · Government

Bought SpaceX debt before space policy

Where it standsIn effect
  1. Jun 23, 2026SpaceX priced a $25 billion bond sale on June 23, 2026, including $7 billion of the 5.35% notes due 2031 that Trump's accounts would later buy a slice of. SpaceX said in its SEC filing that net proceeds would repay its bridge loan facility, pay fees, and fund general corporate purposes. Source ↗
  2. Aug 18, 2026Trump's accounts bought between $1 million and $5 million in SpaceX senior unsecured notes on Aug. 18, 2026. Source ↗
  3. Aug 20, 2026Two days later, Trump signed the National Space Transportation Policy (NSPM-17), directing agencies to grow "our space transportation ranges" to "support more than 1,000 launches and reentries every year" by 2030. SpaceX is a major Pentagon contractor and NASA launch provider. Source ↗
  4. Aug 21, 2026The same August filing showed Trump's accounts made 517 total purchases and sales that month, including a $5 million to $25 million purchase of Meta stock on Aug. 21, among trades in dozens of companies. Source ↗
  5. Oct 8, 2026 · LatestThe White House said Trump does not direct the trades; spokesman Davis Ingle said the portfolio is managed independently through discretionary accounts and computer-based models, with no ability for Trump or his family to influence decisions. Source ↗
How to roll it backCongress can require the president and vice president to divest conflicting assets or use a qualified blind trust, as is already required of other federal officials.
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Anything Trump or his administration has done since January 20, 2025 that a future administration or Congress could reverse, limit, or keep from happening again. It goes on the list when official records document it or at least two major news outlets report it.

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