US President-elect Donald Trump speaks after meeting with Republicans in Congress at the US Capitol Building in Washington, January 8, 2025.
Jinnah Moon reuters
The Trump Organization unveiled a new ethics plan on Friday that it says will limit the president-elect Donald TrumpHis involvement in management decisions and other aspects of business during his stay in the White House.
According to a five-page white paper on the ethics plan shared with CNBC, Trump will have “limited access” to the company’s financial information, receiving only “general business updates.”
And the incoming president’s investments will be “independently managed by outside financial institutions,” the company said, which will not accept their input regarding specific holdings or transactions.
Meanwhile, the Trump Organization announced that it “will not enter into any new material transactions or contracts with any foreign government, except in the ordinary course of transactions.”
The white paper does not specify whether the company will be able to do new business with private foreign entities.
The Trump Organization also said that, as it did during Trump’s first term, it would once again donate the profits it makes from foreign governments at its hotels and similar businesses to the US treasury.
The company announced that it has appointed attorney William Burke as its new external ethics counsel.
“The Trump Organization is dedicated not only to meeting but also meeting its legal and ethical obligations during my father’s presidency,” Eric Trump, executive vice president of the Trump Organization, said in a separate press release.
wall street journal first reported New policies of Trump Organization.
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