Filing I — The Amount
The United States launched Operation Epic Fury against Iran on February 28, 2026, in a joint operation with Israel. It was the largest American military engagement in the Middle East in a generation. The Bureau notes, for the record, that among the largest donors to the campaign that elected the Commander-in-Chief was a dual Israeli-American citizen with documented, publicly stated preferences regarding Iran.
Her name is Miriam Adelson. She donated approximately $106 million to Preserve America, the super PAC supporting Donald Trump's 2024 presidential campaign, in four installments across July, August, September, and late September of that year. Speaking at a White House Hanukkah celebration on December 16, 2025, Trump credited her directly: "Miriam gave my campaign, indirectly and directly, $250 million." He described her as "number one." The $250 million figure is Trump's own claim; it exceeds the documented FEC super PAC filings of approximately $106 million and has not been independently verified. The Bureau files both figures with their respective sources.
Two months earlier, speaking before the Israeli Knesset on October 13, 2025, he had said that she had "helped shape" United States decisions on Israel.
The Bureau is not drawing a conclusion. The Bureau is reading the transcript.
BUREAU NOTE: The Bureau wishes to clarify that under Citizens United v. Federal Election Commission (2010), unlimited independent expenditures by individuals through super PACs are constitutionally protected speech. Miriam Adelson's $100–$250 million in documented political spending constitutes, in the legal framework of the United States, an act of expression. The Bureau notes that expression at this volume has outcomes that smaller expressions do not.
Filing II — The Precedent
Miriam Adelson inherited this arrangement from her late husband.
Sheldon Adelson was the largest single donor to Trump's 2016 campaign and a dominant force in Republican Party finance for two decades. His stated foreign policy priority was consistent and public: maximum pressure on Iran, support for Israeli military superiority, and the dismantling of the Obama-era nuclear agreement.
In 2017, John Bolton — visiting with Adelson in Las Vegas — encouraged Trump to include language threatening withdrawal from the JCPOA in a speech. Trump included it. In May 2018, Trump withdrew from the Iran nuclear agreement. A week later, Adelson donated to five Republican congressional candidates who had opposed the deal — one Senator and four House members. The sequence was noted at the time. It was not classified. It was published in the financial disclosures that exist for exactly this purpose.
The Trump administration also moved the U.S. embassy from Tel Aviv to Jerusalem. It recognised Israeli sovereignty over the occupied Golan Heights. According to New York Times journalist Maggie Haberman's reporting, the embassy move and a $20 million Adelson donation to a super PAC occupied the same documented sequence. Haberman's reporting described the sequence as transactional in nature — a characterisation the relevant parties disputed, not the sequence itself.
Miriam Adelson received the Presidential Medal of Freedom in November 2018. Sheldon Adelson died in 2021. Miriam Adelson continued the arrangements.
Filing III — The Timing
On February 11, 2026 — seventeen days before Operation Epic Fury — Israel Hayom published an editorial claiming that Iran had deceived President Trump in nuclear negotiations. Israel Hayom is the Israeli newspaper founded by Sheldon Adelson. It is now controlled by Miriam Adelson. Iranian Foreign Minister Abbas Araghchi denounced the editorial as a deliberate attempt to poison talks, noting that it was published approximately one hour before Israeli Prime Minister Netanyahu arrived at the White House for a meeting with Trump.
Araghchi's characterisation was that Adelson's outlet was attempting to shape the president's posture toward Iran at a moment of diplomatic decision.
Seventeen days later, the United States struck Iran.
The Bureau is not asserting a causal link between the editorial and the strikes. The Bureau is filing the dates.
BUREAU NOTE: The Bureau is aware that proximity in time does not establish causation. The Bureau is also aware that the same editorial operation, run by the same donor family, had previously been noted by independent analysts as a deliberate mechanism for conveying the donor's foreign policy preferences to the American executive. These facts do not establish a line. They establish a pattern. The distinction is meaningful in court. It is less meaningful in history.
Filing IV — The Parallel Arrangement
At the same time Miriam Adelson was making documented contributions to Trump's electoral infrastructure, a separate documented arrangement was in operation.
Jared Kushner — the president's son-in-law and a senior White House adviser through January 2021 — incorporated Affinity Partners on January 21, 2021, the day the first Trump administration ended. Six months later, Affinity received a $2 billion investment from the Saudi Public Investment Fund, overruling the PIF's own advisory committee, which had cited "inexperience" and "excessive fees" and rated the firm's operations "unsatisfactory in all aspects." Crown Prince Mohammed bin Salman overruled those objections personally.
By March 2026, Affinity Partners' assets under management had reached $6.2 billion, the overwhelming majority of which came from Gulf sovereign wealth funds. In an October 2024 letter to the Department of Justice, Senators Ron Wyden and Jamie Raskin stated there was "significant evidence" Kushner had operated in ways consistent with the FARA definition of an unregistered foreign agent, having conducted discussions of U.S.-Saudi diplomatic negotiations involving Israel with MBS on multiple occasions after leaving the White House. The Senate Finance Committee's inquiry into Affinity Partners' foreign funding has continued into 2026.
Kushner collected approximately $87 million in management fees from Saudi Arabia alone.
He retained informal advisory proximity to the president.
The Bureau notes that Kushner's financial relationship with the Gulf states that have strategic interests in the outcome of a U.S.-Iran war is documented in Senate Finance Committee filings, not inferred. The Bureau did not need to speculate. The Bureau needed only to read.
Filing V — The Legal Framework
None of the arrangements described above are illegal under current United States law.
Citizens United v. Federal Election Commission, decided 5–4 by the Supreme Court in January 2010, held that laws limiting independent political expenditures by corporations and individuals are incompatible with the First Amendment. The decision created the modern super PAC. It made the Adelson donations legal. It made billions of dollars in undisclosed political spending legal. It made the architecture through which private investment preferences travel from donor to policy outcome legally permissible.
The Brennan Center for Justice has documented that dark money groups directed approximately $1.9 billion into the 2024 federal elections alone — a record. The Adelson donations were disclosed. Much of that $1.9 billion was not.
The foreign policy of the world's largest democracy is partially determined by the investment preferences of individuals who are not elected, not confirmed, and not accountable to any constituency other than their own. This arrangement has a name in the legal literature. The name is: protected speech.
The Bureau has filed no objection. The Bureau's objection process requires a standing to file. The Bureau is reviewing whether the public constitutes a party with standing. The review is ongoing.
Filing VI — The Knesset Remark
The Bureau closes this filing with a moment that requires no analysis.
On October 13, 2025, Donald Trump addressed the Israeli Knesset. Miriam Adelson was seated in the gallery. Trump praised her from the podium. He noted that she had taken "more trips to the White House than anybody else." He said that he had once asked her: "What do you love more, the United States or Israel?" He reported, to the assembled members of Israel's parliament, that she had refused to answer.
Adelson received a standing ovation.
Four months later, the United States launched Operation Epic Fury.
Campaign finance law — the framework designed to protect the integrity of democratic self-determination — is the documented mechanism by which the foreign policy preferences of unelected private donors become the foreign policy of the United States. The Bureau has filed this observation. The observation requires no particular wit to make. It requires only that one read the sequence in order.
The sequence is fully documented. It has been available to any interested party. It continues.
The Bureau of Campaign Finance and Foreign Policy Outcomes confirms that all transactions described in this filing are legal, disclosed where required, and in some cases celebrated by the executive branch at the podium of a foreign legislature. The Bureau notes that legality and propriety are separate columns in the ledger. The Bureau maintains both. The Bureau has made them available to the public. The Bureau awaits a response.