U.S. Treasury vows no special treatment for Trump in investment reviews

  • In US
  • 2017-05-18 22:08:41Z
  • By By Jason Lange

By Jason Lange

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Thursday pledged to treat "very seriously" any business dealings President Donald Trump or his family might have with foreign companies flagged by officials as national security risks.

Mnuchin did not say any such cases existed. A senior Democrat pressed Mnuchin, in an appearance before senators, to produce a list of the Trump family's business relationships with foreign companies.

Senator Sherrod Brown, the top Democrat on the Senate Banking Committee, said Mnuchin had not adequately responded to his March 2 letter asking if the Treasury had a list of Trump's business partners to see if any of them were on sanctions lists or had been investigated by a national security watchdog that analyzes foreign investments.

The Treasury released a copy of a March 31 letter responding to Brown which said the department works with other agencies "to address and mitigate potential conflicts of interest if and when they arise." Mnuchin said he reviewed cases at the Committee on Foreign Investment in the United States (CFIUS) every week. The Treasury is the lead department among the government agencies that are part of CFIUS.

"I can assure you that if there were any cases that involve the president or any members of his family that they would be treated very seriously. We would review them as we would anything else," Mnuchin told the Senate panel.

Trump, a wealthy real estate developer, has declined to sell his global businesses despite demands from critics that he do so to avoid conflicts of interest. Trump has said his two oldest sons will have daily control of his businesses while he is president.

A Reuters review in March found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida.

(Additional reporting by Pete Schroeder; Editing by Dan Grebler and Andrea Ricci)


More Related News

Trump bans transgender people from the U.S. military, via Twitter
Trump bans transgender people from the U.S. military, via Twitter
  • US
  • 2017-07-26 15:00:05Z

U.S. President Donald Trump said on Wednesday he would not allow transgender individuals to serve in the U.S. military in any capacity. "After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow transgender individuals to serve in any capacity in the U.S. Military," Trump wrote in a series of Twitter posts. "Our military must be focused on decisive and overwhelming victory and cannot be burdened with the tremendous medical costs and disruption that transgender in the military would entail," the Republican president wrote.

Kristin Beck, transgender Navy SEAL hero:
Kristin Beck, transgender Navy SEAL hero: 'Let's meet face to face and you tell me I'm not worthy'

A retired Navy SEAL Team 6 hero who is transgender had a message for President Donald Trump after...

Kushner returns to Capitol Hill for 2nd day of interviews
Kushner returns to Capitol Hill for 2nd day of interviews

WASHINGTON (AP) - President Donald Trump's son-in-law and adviser Jared Kushner returned to Capitol Hill Tuesday for a second day of private meetings with congressional investigators, this time for a closed-door conversation with lawmakers on the House Intelligence Committee.

Trump: Health vote is last chance for GOP to do right thing
Trump: Health vote is last chance for GOP to do right thing

President Donald Trump pressured Republicans Monday to approve the Senate's wheezing health care bill, saying a showdown vote planned for this week is their "last chance to do the right thing" ...

Jared Kushner says he has
Jared Kushner says he has 'nothing to hide' on Russia

WASHINGTON (AP) - Senior White House adviser Jared Kushner is denying that President Donald Trump's campaign colluded with Russia, saying in a statement ahead of congressional interviews that he has "nothing to hide."

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


Top News: US

Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.