During his second term in the White House, President-elect Donald Trump will take extended measures to not be involved in his real estate empire or other Trump Organization business.
According to CNN, the news that Trump will virtually fully separate from his business ventures is part of a new ethics plan devised by the Trump Organization.
Trump and the company have appointed an outside ethics adviser to monitor "major company actions" while Trump is in the White House for the next four years.
The Trump-owned company laid out the plan as part of a larger plan to make sure the incoming president avoids any conflicts of interests while in the White House.
The Trump Organization has vowed not to enter into any new deals with foreign governments "and voluntarily donate to the US Treasury any profits from foreign governments that it can identify flowing into its hotels and other properties."
The plan largely mirrors a previous version of the company's ethics plan during Trump's first term in the White House.
The outlet noted:
In a statement, the Trump Organization noted that the incoming president is not required either by federal law or the US Constitution to remove himself from his business interests. Even so, Eric Trump said, the company “is dedicated to not just meeting but vastly exceeding its legal and ethical obligations during my father’s Presidency.”
Eric Trump, the company's executive vice president, has also stated that the Trump Organization will continue to pursue foreign business while his father is in office.
Prominent Republican lawyer William Burck was hired by the company, according to Eric Trump, to monitor transactions as they relate to potential ethics concerns and to avoid any potential ethics issues.
For the president's part, he'll only have "limited" access to the company's financials while he's serving in the Oval Office. His businesses will remain in a trust that will be managed by his children.
Eric Trump posted a statement on his X account welcoming Burck as the adviser who will make sure the Trump Organization is in line with its ethics goals.
"I am proud to announce William Burck, Global Co-Chair of Quinn Emanuel LLP, to serve as the Trump Organizations outside Ethics Advisor during my father’s term as the 47th President of the United States," the younger Trump wrote.
I am proud to announce William Burck, Global Co-Chair of Quinn Emanuel LLP, to serve as the Trump Organizations outside Ethics Advisor during my father’s term as the 47th President of the United States. pic.twitter.com/jYtsMkbZsG
— Eric Trump (@EricTrump) January 10, 2025
There's no reason to believe that Eric Trump and his company will have any issues, whatsoever.
