- United States
- N.Y.
- Letter
The proposed ELON MUSK Act aims to prevent conflicts of interest and ensure transparency in federal spending by prohibiting special government employees like Elon Musk from receiving lucrative government contracts. Musk has personally benefited from over $20 billion in federal contracts to his business interests, with some additional undisclosed contract amounts like for Starlink. After the 2024 election where he spent over $250 million supporting Donald Trump, Musk's net worth surged by $154 billion, a 600-fold return on his political investment. He has also taken control of sensitive Treasury Department information and attempted to shut down USAID without oversight. This measure safeguards taxpayer funds and promotes ethical governance by addressing such glaring examples of potential corruption and self-enrichment at public expense.