House Democrats threatened President-elect Donald Trump over potential violations on his hotel lease unless he divests all of his financial interests.
Four Democratic lawmakers asked the General Services Administration how it planned to address the conflict of interest after the agency concluded that Trump must divest himself of all ownership interest of the Trump International Hotel in Washington D.C. or risk being in violation of his lease, CNBC reported.
— Trump Organization (@Trump) November 30, 2016
“[T]he Deputy Commissioner informed our staff that GSA assesses that Mr. Trump will be in breach of the lease agreement the moment he takes office on January 20, 2017, unless he fully divests himself of all financial interests in the lease for the Washington, D.C. hotel,” the letter, signed by Reps. Elijah Cummings of Maryland, Oregon’s Peter DeFazio , Virginia’s Gerald Connolly and André Carson of Indiana, stated.
But the federal agency, which leases government buildings, disputed the claim.
The agency “does not have a position that the lease provision requires the president-elect to divest of his financial interests.,” a GSA spokesperson told CNBC.
“We can make no definitive statement at this time about what would constitute a breach of the agreement, and to do so now would be premature. In fact, no determination regarding the Old Post Office can be completed until the full circumstances surrounding the President-elect’s business arrangements have been finalized and he has assumed office,” the spokesperson said.
Trump International Hotel, which opened in October, is on the site of what was once the Old Post Office Pavilion. The Trump Organization’s 60-year lease agreement with GSA states that no “elected official of the Government of the United States … shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom.”
A news conference scheduled for Thursday to discuss the president-elect’s plans on how he would deal with his multiple businesses once he assumes office was postponed.
Earlier this week, Trump had tweeted that he planned to leave his businesses once he is sworn in as president.
Even though I am not mandated by law to do so, I will be leaving my busineses before January 20th so that I can focus full-time on the……
— Donald J. Trump (@realDonaldTrump) December 13, 2016
Last month when he announced the initial news conference, Trump had revealed that he planned to leave his businesses to his children so he could “fully focus on running the country.”
Wake up right! Receive our free morning news blast HERE
- 52 passengers boarded plane with neg Covid results, test positive after landing in Hong Kong - April 26, 2021
- Supreme Court agrees to hear major gun rights case on concealed handguns - April 26, 2021
- Final Census data shows the blue states likely to lose House seats, and the red states picking them up - April 26, 2021