U.S. President-elect Donald Trump delivers a speech after meeting with congressional Republicans at the U.S. Capitol in Washington, U.S., January 8, 2025.
Gina Moon | Reuters
The Trump Organization announced a new ethics plan on Friday that it said would limit President-elect Donald Trump’s involvement in management decisions and other aspects of the business during his tenure in the White House.
According to a five-page ethics plan white paper shared with CNBC, Trump will have limited access to the company’s financial information and will only receive “general business updates.”
The company said the incoming president’s investments would be held in a trust controlled by his children and “independently managed by an outside financial institution,” and that the trust would not accept his opinion on specific holdings or transactions.
At the same time, the Trump Organization announced that “other than ordinary transactions, it will not enter into any new major transactions or contracts with foreign governments.”
The white paper did not specify whether the company would be able to enter into new business with foreign private entities.
The Trump Organization abandoned a number of overseas deals after Trump won the 2016 election, but executive vice president Eric Trump recently complained to the Trump Organization wall street journal He “received little credit for it.”
The Trump Organization also said on Friday that it would again donate profits made by foreign governments from its hotels and similar businesses to the U.S. Treasury, as it did during Trump’s first term.
It will also offer discounted rates to members of the U.S. Secret Service and other similar government agencies who use the company’s hotel properties.
“Throughout my father’s presidency, the Trump Organization was committed to not only meeting but going far beyond its legal and ethical obligations,” Eric Trump said in a separate release.
The company also announced it has appointed attorney William Burck as its new outside ethics counsel.
“It is an honor to partner with such a great firm during an unprecedented and critical chapter in its distinguished and storied history,” Burke, global co-chairman of the law firm Quinn Emmanuel LLP, said in the release.
Magazine first reported The Trump Organization’s new policies.
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