NO! It's Trumps private service...which likely he has had a version of all along..which is why he knew Trump Tower was "wire-tapped". Notice the deep state minions went ballistic when he said he was tapped? Why was that? The reason why is the same reason why he needs a personal intel service IMO!
My concern is "mission creep" - a full blown worldwide organization will have to deal with foreign agents, governments, intelligence agencies. It will gather intel and form alliances that last far beyond Trump's term. That makes me uncomfortable. The next guy will do the same, remember.
You have to resolve what to do with senior executives in the federal government when they ignore or abuse it. The district court in DC should be able to issue a summons based on credible testimony to a federal magistrate.