Tracking every rollback, reversal, and overreach — and the path back to the America we know.
Executive Order 14196 was signed on February 3, 2025, directing the establishment of a U.S. sovereign wealth fund to manage federal financial assets. The order specifies the fund's structure, governance, and investment parameters. The confirmed direct impact on Americans includes potential changes to how federal assets are managed and allocated, though implementation details and timeline remain in early stages.
President Trump signed legislation funding the Department of Homeland Security, ending an 11-week partial government shutdown. The bill funds most DHS agencies including the Secret Service, Coast Guard, TSA, and FEMA, with the exception of immigration enforcement agencies which Republicans plan to address separately. The shutdown's end restores full operations across critical homeland security functions.
President Trump invoked the Defense Production Act to force U.S. companies to increase weapons and munitions production. Defense Secretary Pete Hegseth simultaneously pitched Congress for $350 billion to replenish military stockpiles. The action prioritizes defense manufacturing capacity and accelerates weapons output through federal authority.
On February 1, 2025, President Trump signed Executive Order 14193 imposing duties on goods crossing the northern U.S. border, stated as a measure to address illicit drug flows. The order establishes tariffs on northern border trade. Direct impacts on Americans include potential increased costs for goods imported from Canada and potential changes to cross-border trade operations.
On February 1, 2025, President Trump signed Executive Order 14194 imposing duties on imports from Mexico and Canada, citing the situation at the southern border. The order directs the implementation of tariffs on goods crossing the U.S.-Mexico and U.S.-Canada borders. The confirmed direct impact includes increased prices on imported goods for American consumers and businesses that rely on cross-border trade.
On January 31, 2025, the Trump administration signed Memorandum 2025-02729 directing federal agencies to treat collective bargaining agreements signed during the transition period (after the 2024 election) as non-binding or subject to renegotiation. The memorandum applies to agreements entered into between the election and inauguration. Direct impacts include potential changes to federal employee benefits, compensation structures, and working conditions covered under those agreements, pending agency implementation and legal review.
On January 31, 2025, the Trump administration signed Executive Order 14192 directing federal agencies to reduce regulations. The order requires agencies to eliminate two existing regulations for every new regulation issued and to freeze most new rulemaking. Confirmed direct impacts include delayed or blocked implementation of pending federal rules across environmental protection, workplace safety, consumer protection, and financial oversight agencies.
The Trump administration launched an online tariff refund system allowing businesses to claim reimbursements for $166 billion in duties ruled illegal by the Supreme Court. Customs and Border Protection manages the platform and provides electronic refunds when applicable. The system directly impacts American businesses seeking recovery of illegally collected tariff payments.
President Trump signed an executive order to expand workers' access to retirement accounts and create a government website called TrumpIRA.gov for comparing private-sector retirement options. The order aims to help Americans more easily evaluate and select retirement savings accounts through an online marketplace.
President Trump nominated Kevin Warsh, head of the National Economic Council, to lead the Federal Reserve. The nomination is expected to advance to confirmation hearings with support from administration officials. If confirmed, Warsh would direct monetary policy affecting interest rates, inflation, and economic conditions for all Americans.