President-elect Donald Trump is in an unusual position. As probably the most financially successful man ever to hold the office, concerns are being raised about his vast real estate and other holdings.
Will he be able to avoid conflicts of interest? Who will manage his businesses during his administration? Some former Commanders in Chief, such as John F. Kennedy, put their assets in a blind trust for the duration of their time in office; will Trump do likewise?
Predictably, Senate Democrats are focused on this issue, in order to make Trump’s transition as difficult as possible. This effort is being led by one of Trump’s key targets of ridicule.
Jordain Carney reports for The Hill:
A group of Senate Democrats will introduce legislation requiring President-elect Donald Trump to divest any financial assets that pose a conflict of interest and place the money into a blind trust. (…)
The bill would also consider any violation by Trump of conflict of interest or ethics laws a “high crime or misdemeanor under the impeachment clause of the U.S. constitution,” according to a fact sheet on the forthcoming bill from Sen. Elizabeth Warren’s office. (…)
The legislation would face an uphill battle in a GOP-controlled Congress, where leadership has stressed since the election that they are focused on working with Trump.
Donald Trump has previously stated that control of his businesses would be handed over to his children, but critics say that this solution is insufficient. Of course, Senate Democrats will only be happy if and when the president-elect concedes to their conditions. Therefore, expect a fight over this, probably even while the inauguration is underway!
Source: The Hill