A recent Bloomberg News report, cited by numerous international media outlets, indicates that former US President Donald Trump's administration is proposing a $1 billion financial contribution for countries seeking permanent membership on his newly established 'Board of Peace'. According to a draft charter seen by Bloomberg, while standard membership would last three years, states contributing over $1 billion in cash within the first year would be exempt from this term limit, effectively securing a permanent seat. The proposed board is envisioned as an international organization dedicated to promoting stability, restoring governance, and ensuring lasting peace in conflict-affected regions, with Trump serving as its inaugural chairman. In response to these reports, the White House, through its official Rapid Response 47 X account, issued a statement calling the $1 billion membership claim "misleading." The White House clarified that there is no minimum membership fee to join the Board of Peace, but rather, permanent membership is offered to "partner countries who demonstrate deep commitment to peace, security, and prosperity." This response, however, did not explicitly negate the provision in the draft charter linking financial contributions to permanent status. Critics have raised concerns that this initiative could be an attempt by Trump to create an alternative or rival to the United Nations, an organization he has frequently criticized. The formation of the board and its structure have drawn international attention, with invitations reportedly extended to various world leaders, including those from Argentina and Canada. The Hindustan Times article, published on January 17, 2026, accurately reported on these developments, presenting both the report from Bloomberg and the White House's subsequent reaction.