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

Hillary Clinton attacks proposed Trump budget cuts as
Hillary Clinton attacks proposed Trump budget cuts as 'cruelty'
  • US
  • 2017-05-26 17:09:28Z

Hillary Clinton assailed the man who beat her to the White House, slamming as "unimaginable cruelty" President Donald Trump's proposal to cut $3.6 trillion in government spending over the next decade in a speech on Friday. The defeated Democratic candidate did not name the Republican president in her remarks to the graduating class at her alma mater, Wellesley College. It is an attack of unimaginable cruelty on the most vulnerable among us," Clinton told a crowd at the all-women's college, located in Boston's suburbs.

Trump pushes aside Montenegro leader _ who calls it natural
Trump pushes aside Montenegro leader _ who calls it natural
  • World
  • 2017-05-26 01:31:17Z

BRUSSELS (AP) - President Donald Trump's push to get in front of the pack at a NATO summit generated indignation in the Balkans and garnered attention on social media - but the man he shoved aside took it in stride.

Trump son-in-law Kushner under FBI scrutiny in Russia probe: media reports
Trump son-in-law Kushner under FBI scrutiny in Russia probe: media reports
  • US
  • 2017-05-25 23:45:59Z

President Donald Trump's son-in-law, Jared Kushner, a senior White House adviser, is under scrutiny by the Federal Bureau of Investigation in the Russia probe, the Washington Post and NBC News reported on Thursday. Kushner is being investigated because of his meetings in December and other possible interactions with the Russian ambassador and a banker from Moscow, the Post reported, citing people familiar with the investigation. Kushner is the only current White House official known to be considered a key person in the probe, the newspaper reported.

Appeals court deals blow to Trump administration travel ban
Appeals court deals blow to Trump administration travel ban

WASHINGTON (AP) - President Donald Trump's revised travel ban "speaks with vague words of national security, but in context drips with religious intolerance, animus and discrimination," a federal appeals court said Thursday in ruling against the executive order targeting six Muslim-majority

Trump meets wary EU, NATO allies in
Trump meets wary EU, NATO allies in 'hellhole' Brussels

BRUSSELS (AP) - Visiting a city he once called a "hellhole" to meet with the leaders of one alliance he threatened to abandon and another whose weakening he cheered, President Donald Trump will address a continent Thursday still reeling from his election and anxious about his support.

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.