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a New report Democrats on the Home Oversight Committee doc greater than $7.8 million in funds from not less than 20 overseas governments — together with China, Saudi Arabia and Qatar — to corporations owned by then-President Trump throughout his two years as president.
It’s unlawful for presidents to simply accept any cash from overseas governments with out the approval of Congress based on Article I of the USA Structure, which states, “No particular person shall maintain… any workplace, workplace, or title of any type in any way, by any monarch or prince or overseas state.”
Democrats say not less than 20 overseas governments or state-controlled corporations paid cash to Trump-owned corporations throughout his presidential time period.
The Democrats’ proof consists primarily of 1000’s of Trump enterprise information obtained from his longtime accounting agency, Mazars USA, which have been obtained after a years-long authorized battle that was finally determined by the Supreme Court docket.
Trump’s relationship along with his household’s corporations whereas in workplace
Regardless of warnings from authorities ethics officers, Trump broke with custom and didn’t exit his enterprise earlier than taking workplace. As an alternative, he introduced that he would cede duty for making day-to-day choices to his two eldest sons. He additionally pledged to not conclude any new overseas offers throughout his time in workplace.
However funds from overseas governments seem to have continued.
The biggest documented cost was $5.4 million in hire from the state-owned Industrial and Industrial Financial institution of China throughout his first two years in workplace.
The financial institution’s lease funds for the area in Trump Tower in New York started in 2008, based on Kimberly Benza, a spokesperson for the Trump Group.
On the time, Trump was a frequent political commentator and had put himself ahead to run for president — however the lease started a few years earlier than he introduced his 2015 presidential marketing campaign.
Based on the report, Saudi Arabia, Qatar, Kuwait, India, and Malaysia every spent greater than $200,000 on Trump inns and properties.
Benza stated in an e-mail to NPR that income from resort stays “have been donated in full to the USA Treasury for the care of our properties whereas President Trump is in workplace” and cited the president’s donation of about $450,000.
The corporate’s hospitality portfolio has additionally carried out a voluntary program in an effort to trace all overseas authorities sponsorship, Benza stated.
Not less than some properties, together with the Trump Worldwide Lodge in Washington, D.C., stated they’d not pursue or market to overseas delegations and associated teams — although, as detailed within the report, they didn’t reject overseas authorities bookings.
“We wouldn’t have the facility or capacity to forestall somebody from reserving by means of third events — Expedia, and so on. — therefore the voluntary donation of income on an annual foundation which has been coated advert nauseam,” Penza wrote.
Requested about Trump’s donations to the Treasury, Democrats behind the report stated they didn’t imagine paying dividends exonerated the previous president underneath the Structure, and famous that there was no solution to confirm the previous president’s accounts with out entry to extra monetary data. paperwork.
The report comes as Republicans transfer ahead with the impeachment inquiry towards President Biden
The report additionally confirms that the entire quantity of overseas authorities spending may very well be a lot greater. The report covers solely two years of Trump’s time in workplace, as a result of Democrats say Republicans stopped imposing doc requests after they took management of Congress in 2023.
Democratic lawmakers launched the report simply weeks after they formalized the Republican impeachment inquiry into President Biden, alleging with out direct proof that he was concerned in his son’s overseas enterprise dealings and that these alleged entanglements might have influenced his conduct whereas in workplace.
Penza, a spokesman for the Trump Group, accused Democrats of spreading data to distract from this investigation.
Requested in regards to the timing, Consultant Jamie Raskin, the report’s lead writer and the highest Democrat on the Home Oversight Committee, stated the investigation dates again years to the start of Trump’s time period.