The Trump Organization released a five-page white paper outlining a new ethics plan designed to minimize President-elect Donald Trump's influence over the company while he occupies the White House.
The Trump Organization unveiled a new ethics plan on Friday that aims to limit President-elect Donald Trump's involvement in the business while he serves in the White House. Trump will have 'limited access' to the company's financial information, receiving only 'general business updates,' according to a five-page white paper.
His investments will be held in a trust controlled by his children and managed by outside financial institutions, which will not accept his input on specific holdings or transactions. The Trump Organization stated it will not enter into new material transactions or contracts with foreign governments, except for 'Ordinary Course Transactions.' The company did not specify if it will be able to do new business with private foreign entities. The Trump Organization also said it will donate to the U.S. Treasury the profits from foreign governments at its hotels and similar businesses, as it did during Trump's first term. It will also offer discounted rates to members of the U.S. Secret Service and other government agencies. Eric Trump, executive vice president of the company, said in a press release: 'The Trump Organization is dedicated to not just meeting but vastly exceeding its legal and ethical obligations during my father's Presidency.
TRUMP ORGANIZATION ETHICS BUSINESS FOREIGN GOVERNMENTS PRESIDENCY
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