Members of Donald Trump’s cabinet are obliged to sell more than $1 billion worth of assets to prevent conflicts of interest, a process that is proving difficult and time-consuming.
Cabinet members are “at risk of being unable to do swaths of their jobs because if matters arise that affect those companies [they have yet to sell], they have to recuse,” said Trevor Potter, a Republican former chairman of the Federal Election Commission. “They are better off, and the country is better off, the quicker they sell these assets.”
Mr. Potter also leads the Political Law team at Caplin & Drysdale.
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Excerpt taken from the article “Trump Officials Are Learning How Hard It Is to Sell $1 Billion of Their Assets” by Jean Eaglesham and Ryan Dezember for The Wall Street Journal.