Bloomberg: Trump wants states to pay $1 billion to stay on his Peace Board

The Trump administration is asking countries that want a permanent seat on its new Peace Board to contribute at least $1 billion.

According to a draft charter for the proposed group, seen by Bloomberg, President Donald Trump would serve as the board's first chairman and decide which countries are invited to become members. Decisions would be made by majority vote, with each member state present having one vote, but all would be subject to the chairman's approval.

“Each Member State shall serve a term of not more than three years from the entry into force of this Charter, renewable by the President. The three-year term of membership shall not apply to Member States that contribute more than USD 1,000,000,000 in cash funds to the Peace Board within the first year of the entry into force of the Charter,” the draft states.

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