Politics

Dem Rep Calls For Review Of Trump’s ‘Financial Empire’

(REUTERS/Gary Cameron)

Daily Caller News Foundation logo
Font Size:

Maryland Democratic Rep. Elijah Cummings is urging his Republican colleagues to review President-elect Donald Trump’s plan to put his “financial empire” in a blind trust to avoid conflicts of interest before he takes office.

Cummings, House Committee on Oversight and Government Reform’s (HOGR) ranking minority member, asked HOGR Chairman Rep. Jason Chaffetz in a Monday letter to review Trump’s business ties and investments for compliance with federal ethics laws. He expressed particular concern about the incoming chief executive’s blind trust plans and his vow to put day-to-day management of his far-flung business interests in the hands of his adult children.

“We have never had a president like Mr. Trump in terms of his vast financial entanglements and his widespread business interests around the globe,” Cummings wrote. “Moreover, we have not had a presidential candidate in modern times who has refused to disclose his tax returns to the American people.”

Cummings added that what he called, “Trump’s unprecedented secrecy and his extensive business dealings in foreign countries raise serious questions about how he intends to avoid conflicts of interest as president.”

Trump lawyer Michael Cohen said last week that Trump’s three oldest children will control his business dealings through what he called a “blind trust,” but Cummings noted that one day later, the Trump campaign announced those same children will also serve on his transition team. (RELATED: Here Are Five Ways Trump Can Strip The Government Of Waste And #DrainTheSwamp)

“Press reports indicate that Mr. Trump will be relying heavily on his children to operate his financial empire, but these same individuals have played a significant role in his presidential campaign and continue to advise Mr. Trump on his transition team,” Cummings continued. “This is certainly not a ‘blind trust.'”

Trump supporter and former New York City Mayor Rudy Giuliani said during a Sunday CNN interview that Trump can’t do a pure blind trust because doing so would require giving those businesses to an independent person, and “would basically put his children out of work.”

Cummings urged Chaffetz to hold Trump to the same standard of scrutiny as President Barack Obama’s administration. HOGR was a leading force in investigating former Secretary of State and defeated Democratic nominee Hillary Clinton over the attack on the U.S. Embassy in Benghazi, and her use of private email addresses and a home-brew server located in her New York mansion to conduct official diplomatic business.

“Now that Republicans control the White House and Congress, it is incumbent on you and other Republicans to conduct robust oversight over Mr. Trump — not for partisan reasons, but to ensure that our government operates effectively and efficiently and combats even the perception of corruption or abuse,” Cummings said.

Cummings asked Chaffetz to review the incoming president’s finances and invite Trump officials to report their plans for complying with all conflict of interest laws “as soon as possible.”

Follow Kathryn on Twitter

Send tips to katie@dailycallernewsfoundation.org.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel