Posted on 12/14/2016 9:50:32 AM PST by blam
Tyler Durden
December 14-2016
President-elect Trump has until inauguration day to divest himself of all ownership interest (not just management) of the Trump International Hotel in Washington D.C. or he will be in violation of his lease, according to the agency in charge of government buildings. The lease, according to a letter from four Democrats, forbids elected officials from being party to the deal or receiving any of its benefits, makng the hotel the most visible potential conflicts of interest for Trump.
As Bloomberg reports, an official of the General Services Administration, which leases government buildings, told the staffs of the four lawmakers that Trump will be in violation of the lease unless he divests, according to a letter written by the Democrats.
"Mr. Trump will be in breach of the lease agreement the moment he takes office on January 20, 2017, unless he fully divests himself of all financial interests in the lease for the Washington D.C. hotel," according to the letter from Representatives Elijah Cummings, Peter DeFazio, Gerald Connolly, and André Carson, who had requested details of the deal.
The 60-year lease for the Old Post Office Pavilion, a U.S. government-owned building on Pennsylvania Avenue just blocks from the White House, forbids elected officials from being party to the deal or receiving any of its benefits. It has become one of the most visible potential conflicts of interest for Trump, whose international real estate and branding business presents unprecedented circumstances in which a president may remain involved in the private sector.
On Dec. 8, the deputy commissioner of GSA, from which Trump Old Post Office LLC leases the historic Old Post Office Pavilion, told the lawmakers’ representatives "that Mr. Trump must divest himself not only of managerial control, but of all ownership interest as well
(snip)
(Excerpt) Read more at zerohedge.com ...
Really?
How about being an adult and define what "it" is?
Better yet, should be easy enough to quote the so-called "standard clause.
I wonder how that clause affects the lease of Hetch Hetchy to San Francisco for $30k a year...
New title.
“GSA Changes Tune, Says Trump Not In Violation, “Democrats Mischaracterized What GSA Said”
Has Kerry released his military records yet?
The clause in question reads as follows: "No member or delegate to Congress, or elected official of the Government of the United States or the Government of the District of Columbia, shall be admitted to any share or part of this Lease or to any benefit that may arise therefrom."
It's standard boilerplate language and is included in every GSA lease.
Happy?
I wonder how that clause affects the lease of Hetch Hetchy to San Francisco for $30k a year...
It wouldn't since the San Francisco is not a member of Congress or elected official in the government of the United States or the District of Columbia.
It's The Trump Organization, not The Trump Organization, Inc.
Trump was not an elected when the lease was enacted. How do you justify retroactively changing a contract? Pretty sure a smart lawyer, of which Trump has many, can point out the legal absurdity of this argument.
The usual stupid clowns at work.
Brother Billy had a service station. I always liked that guy for some reason.
You can't change it...and they didn't. The clause has been in there since the day Trump signed the contract. Just because his status has changed doesn't mean the contract has changed or is now invalid.
Are you a government lawyer?
I can’t wait until President Trump orders a review of the GSA and the LIB pigs who “work” there.
No but it doesn't take a lawyer to read a clause written as plainly as that.
I notice I got no response. I cannot wait for man made climate change to freeze government hiring.
You answer like a lawyer and/or a government worker. .Not that there is necessarily or specifically something bad about either.
I am neither.
See my Post No. 67. Assuming the tenant of record is an LLC, I am willing to bet that the members of the LLC are either corporations or other LLCs, and the the shareholders of the corporations or members of the other LLCs are corporation or other LLCs, etc.
Obviously been in the background for some time.
More fake news from the usual fake new outlets.
This is all BS. We have citizen legislators. Not priests of poverty. Carter did not sell his farm. Washington did not sell his farm.
The Ivory tower is upset at the Gold Tower.
In a word, NO.
You kinda sorta forgot to finish the paragraph where it defines who is exempt from that provision.
Nice try, though.
How is the White House basement these days, anyway?
Isn't that where Obama's personal fact-free propaganda website operates from these days?
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