Posted on 11/29/2016 1:50:29 PM PST by Theoria
After Donald Trump is sworn in as president on Jan. 20, he will follow a time-honored tradition and make his way from the U.S. Capitol down Pennsylvania Avenue.
Along the way, just a few blocks before he reaches the White House, he'll pass the Trump International Hotel. The 263-room luxury hotel is becoming the focus of a debate over conflict of interest between Trump and his business dealings.
Trump doesn't actually own the landmark building, which was once the headquarters of the U.S. Post Office. In 2013, he signed a 60-year lease for the building with the General Services Administration, which helps manage and support federal agencies. The Trump Organization spent upwards of $200 million on renovations and reopened it as a hotel about a month before the Nov. 8 presidential election.
But there's a hitch, according to Steven Schooner, a government procurement expert who is also a law professor at the George Washington University School of Law. Schooner has studied the 100-plus-page contract and says there's a clause that clearly states elected officials should have no role in the lease.
"The contract between GSA and the Trump Organization specifically says that no elected official of the United States government shall be party to, share in, or benefit from the contract," he says, citing clause 37.19 of the contract.
Schooner says the GSA should terminate the lease before Trump becomes president.
(Excerpt) Read more at npr.org ...
That is how the system works. Dunno if Chaffetz and crew will continue doing their job on the CF as well.
Can’t imagine it’s not an agreement with the corporation
It Worked For LBJ! He Put his “holdings” in LadyBird’s name if memory serves and I believe it does....
No he’s not. He only gave you half of the clause. It’s #fakenews.
The relevant section seems to be here:
in section VIII (GENERAL) paragraph 3:
“no member of Congress shall be admitted to any share of part of any contract ...”
The President is not a member of Congress. The VP is, of course, a member of the Senate, so this section would have applied to Pence, but the section as written does not apply to Trump.
Sounds like it makes sense.
The small stuff is why Donald has lawyers to sweat it for him. I don’t think he would willingly do something improper.
Of course maybe he could just BUY the land, mooting the lease issue.
The Trump company is absolutely not a public corporation. It’s a closed corporation that probably has shares owned by many members of the Trump family.
Unless there is some parallel law about the executive, elsewhere?
All will go to the kids. I’m betting corporate law permits individuals not just to avoid personal liability but also to step outside their corporate role.
I doubt Donald will be a jerk for the sake of proving that he, too, can be a jerk.
The Donald’s financial holdings will be held in a trust, as ALL personal financials of presidents are.
The solution is simple. Open the contract and modify it to account for Trump's election.
“The contract between GSA and the Trump Organization specifically says that no elected official of the United States government shall be party to, share in, or benefit from the contract,” he says, citing clause 37.19 of the contract.>>>>>>>>>>>>>>>>>>>>>>
Well, well. Schooner is acting in bad faith. The specific clause can easily be re-negotiated in a few days.And who will have standing to vacate the lease via a court order ? I can see the new AG renegotiating this lease clause in good faith, not as Schooner indicates.The specfic clause was not within the parties reasonable contemplation that Trump would be an elected official, but then Trump is not the lessee. A corporation is.A very different kettle of fish
as you will see.
This law professor should get a failing grade. 37.19 has an exception for shareholder of “another entity” if the lease is for the general benefit of the other entity.
Brilliant
Trump's companies are not publically held. They are a privately owned corporation.
Just read it. Don’t see how it applies to Trump.
The stoopid. It hurts.
There ya go!
Forget it Jake, it’s NPR
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