The Trump administration has given contracts to four defense contractors that Vice President JD Vance has a financial stake in, according to a report by the government watchdog group Accountable.US.

Financial disclosure forms published by the Office of Government Ethics for June 2025 reveal that through at least the end of 2024—the last date at which he was required to disclose his investments—Vance had anywhere from $100,000 to $250,000 invested in Revolution’s Rise of the Rest Seed Fund, a Washington, D.C.-based venture capital group he helped to found before taking office.