President Donald Trump dropped a $10 billion lawsuit against the Internal Revenue Service and the Treasury Department on Monday, in exchange for the government creating a new “Anti-Weaponization Fund” to compensate people investigated by the government.
The filing to dismiss the president’s case did not provide any details on a potential settlement, but the Justice Department subsequently announced the new $1.776 billion defense fund as part of the terms of the agreement. It will be managed by the Treasury, according to an order from the U.S. acting Attorney General Todd Blanche.
“The machinery of government should never be weaponized against any American, and it is this Department’s intention to make right the wrongs that were previously done while ensuring this never happens again,” Blanche said in a press release.