trump settlement

President Trump’s future presidential library has a growing list of corporate sponsors, and Democratic lawmakers are sounding alarms.

To settle Trump’s lawsuit over edits to a CBS “60 Minutes” broadcast, Paramount Global agreed to pay $16 million to help finance the future library and cover the president’s legal fees.

Walt Disney Co. earlier pledged $15 million to Trump’s library to resolve a defamation lawsuit over inaccurate statements about Trump by ABC News anchor George Stephanopoulos. And this spring, the nation of Qatar donated a $400-million Boeing 747-8 luxury jetliner for Trump’s use — a gift that ultimately will be registered to his library, whatever form it takes.

On Wednesday, a group of progressive lawmakers, led by U.S. Sen. Elizabeth Warren (D-Mass.), introduced the Presidential Library Anti-Corruption Act, a proposed measure that would require transparency and impose restrictions on donations to presidential libraries.

“This new bill will close the loopholes that allow presidential libraries to be used as a tool for corruption and bribery,” Warren told reporters on a Zoom call. “Slamming the door shut on apparent corruption at the highest levels of government is an important step forward and something everyone should get behind.”

For now, the lawmakers — including Sen. Richard Blumenthal (D-Conn.), Rep. Jared Moskowitz (D-Fla.) and Rep. Melanie Stansbury (D-N.M.) — lack support from Republicans in Congress.

Still, the measure is needed, the lawmakers said, because there are no rules that specifically target solicitation of gifts or payments by individuals and companies to try to curry favor with the president.

The bill would create a cap on contributions, prohibit donations from lobbyists and foreign governments and delay fundraising until a president leaves office, with a carve-out for nonprofits.

Violators would risk criminal or civil penalties, which could equal as much as the value of the gift.

The measure also would prohibit the conversion of a donation to personal use, as some have feared will happen with the acceptance of the Qatar plane.

“What is Qatar getting in exchange? … Nobody knows,” Warren said. “All of this shady stuff is happening because there are essentially no rules for presidential library donations.”

Under the legislation, quarterly disclosures would be required.

“People have a right to know who is, in effect, gaining favor with a president in office through donations to a library,” Blumenthal said. “These kinds of requirements ought to apply to both Republican[s] and Democrat[s], because the donation can be problematic no matter which party the president may belong to.”

Critics blasted former President Clinton for pardoning late fugitive commodities trader Marc Rich after his wife donated $450,000 to Clinton’s library.

In addition to the CBS “60 Minutes” and ABC settlements, Facebook parent company Meta donated $22 million to Trump’s library. The payment was part of Meta’s $25-million settlement to a lawsuit brought after Facebook banned Trump after the Jan. 6, 2021, attack on the U.S. Capitol.

The Elon Musk-owned social media platform X, formerly known as Twitter, donated $10 million.

Contributions to Trump’s inaugural celebrations this year that went beyond money spent are expected to be steered to the library as well as money raised from people who want to dine with Trump at Mar-a-Lago, Warren’s office said.

Warren and others previously raised the notion that Paramount’s settlement with Trump, in particular, could constitute a bribe. It has been widely believed that resolving the legal dispute with Trump was a prerequisite for getting the company’s pending $8-billion merger with David Ellison’s Skydance Media cleared by the Federal Communications Commission.

Jon Stewart took aim at his network’s parent firm Paramount Global for paying $16 million to settle President Trump’s lawsuit against CBS News, calling the move a payoff for approval of a pending merger.

On the Monday edition of Comedy Central’s “The Daily Show,” Stewart and guest and former “60 Minutes” correspondent Steve Kroft laid out the details of the legal skirmish, which they agreed felt like an organized crime shakedown.

“I’m obviously not a lawyer, but I did watch ‘Goodfellas,’” Stewart said. “That sounds illegal.”

Last week, Paramount Global agreed to pay $16 million to settle the legal volley from Trump, who claimed “60 Minutes” edited an interview with his 2024 election opponent, then-Vice President Kamala Harris, to make her look better and bolster her chances in the election. CBS denied the claims, saying the edits were routine.

But the suit — described as frivolous by 1st Amendment experts — was seen as an obstacle to Paramount Global’s proposed $8-billion merger with David Ellison’s Skydance Media. The deal requires approval from the Federal Communications Commission, led by Trump acolyte Brendan Carr.

Stewart rhetorically asked Kroft if this settlement was “just a payment so this merger can go through and not be challenged by Trump’s FCC?”

Kroft, who noted that Paramount Global majority shareholder Shari Redstone wants the sale to go through, confirmed Stewart’s assessment.

Kroft noted that “60 Minutes” never said it screwed up, “they just paid the money.”

“So just flat-out protection money,” Stewart said.

“Yeah, it was a shakedown,” Kroft said.

Comedy Central, the cable network that serves as the home of “The Daily Show,” will be included in the Skydance deal. But Stewart remained relentless throughout the segment.

“It doesn’t feel like scrutiny on news networks — it feels like fealty,” Stewart said. “They are being held to a standard that will never be satisfactory to Donald Trump. No one can ever kiss his ass enough.”

Stewart has always spoken his mind on “The Daily Show,” delivering mostly harsh assessments of Trump. It remains to be seen if he’ll have that freedom when Skydance, led by Trump supporter Larry Ellison and his son David, eventually takes over.

Stewart returned to Comedy Central after parting ways with Apple TV in 2023. His last program, “The Problem With Jon Stewart,” ended after Apple executives reportedly expressed concerns over the comedian’s handling of potential show topics related to China and artificial intelligence.

Apple has deep ties to China and has launched an artificial intelligence product incorporated into its operating systems.

Stewart demonstrated the shakiness of the Trump lawsuit’s claims with an edited Fox News interview with Trump from last year.

Trump appeared to give a simple yes when asked on “Fox & Friends Weekend,” if he would de-classify government files on convicted pedophile Jeffrey Epstein. However, Trump equivocated in a longer version of the answer that aired later on the network.

With the Harris interview, CBS News split an answer on Israel that she gave to “60 Minutes” presenting one portion on its Sunday round table program on “Face the Nation.” A different portion aired on the actual program, which led Trump supporters to cry foul.

“I would like to know why the ’60 Minutes’ edit was worthy of a $16-million acquiescence of what is considered the Tiffany news, gold standard network … when very clearly, Fox just did what seems to me a more egregious edit,” Stewart said.

A representative for Paramount Global had no comment on Stewart’s remarks.

Kroft said the the mood is bleak at “60 Minutes” in the aftermath of the settlement.

“I think there is a lot of fear over there,” he said. “Fear of losing their jobs. Fear of losing their country. Fear of losing the 1st Amendment.”