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Elizabeth Warren promises to introduce legislation to force Trump to divest from business empire
Business Insider ^ | 12/15/2016 | Allan Smith

Posted on 12/15/2016 10:27:28 AM PST by SeekAndFind

Sen. Elizabeth Warren of Massachusetts promised on Thursday that she, along with four other Democratic senators, will introduce legislation to force President-elect Donald Trump to divest entirely from his business empire.

"Americans deserve to know that the president is doing what's best for the country — not using his office to do what's best for himself," she tweeted. "The only way for @realDonaldTrump to eliminate conflicts-of-interest is to divest his financial interests and place them in a blind trust."

The Massachusetts Democrat wrote that Sens. Ben Cardin of Maryland, Chris Coons of Delaware, Dick Durbin of Illinois, and Jeff Merkley of Oregon will introduce the legislation next month that seeks to implement the Emoluments Clause, a passage in the Constitution that forbids government officials from receiving gifts from foreign governments.

As The Washington Post reported last month, a payment from a foreign official or state-owned company to a Trump hotel or other company bearing his name may violate the clause. So could favorable legislation or treatment overseas from a government aimed at benefiting a Trump property. But, some have argued that the clause does not apply to the presidency.

After canceling a highly anticipated press conference set for Thursday on what he would do regarding his business empire, Trump announced in a series of tweets early this week that "even though I am not mandated by law to do so," he would leave his businesses prior to inauguration.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: elizabethwarren; hag; legislation; trump
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To: SteveinSATX

it’s not illegal


61 posted on 12/15/2016 1:18:19 PM PST by SteveinSATX (Anti-liberalism 24/7)
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To: SeekAndFind
BREAKING: Fake Squaw Alert

 

62 posted on 12/15/2016 1:36:29 PM PST by Bronzewound (2016 GOP. A Timid Little Division Of The Democrat Party.)
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To: SeekAndFind
Ex Post Facto laws? The fake indian is a liberal nutball.
63 posted on 12/15/2016 1:36:59 PM PST by Myrddin
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To: NTHockey

I don’t really care about your opinion.


64 posted on 12/15/2016 2:38:17 PM PST by wiseprince
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To: Flick Lives

Wouldn’t Trump benefit from capital-gains tax-breaks for forced sale of assets? If so, this might save Trump a bundle. That would be irony. Does anyone know what the rules are?


65 posted on 12/15/2016 2:45:22 PM PST by USFRIENDINVICTORIA
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To: pieceofthepuzzle
How much is Pelosi worth, and has she divested from what she owns?

She added a rider to a Fed minimum wage bill several yrs ago made an exception for workers on American Samoa.
Her husband owns a lot of Starkist stock.

Facts: Speaker of the House Nancy Pelosi's home district includes San Francisco.

Star-Kist Tuna's headquarters are in San Francisco, Pelosi's home district.

Star-Kist is owned by Del Monte Foods and is a major contributor to Pelosi.

Star-Kist is the major employer in American Samoa employing 75% of the Samoan workforce.

Paul Pelosi, Nancy's husband, owns $17 million dollars of Star-Kist stock.

In January, 2007 when the minimum wage was increased from $5.15 to $7.25, Pelosi had American Samoa exempted from the increase so Del Monte would not have to pay the higher wage.
This would make Del Monte products less expensive than their competition's.

Last week when the huge bailout bill was passed, Pelosi added an earmark to the final bill adding $33 million dollars for an 'economic development credit in American Samoa'.

Pelosi has called the Bush Administration 'corrupt'.

She should know.

66 posted on 12/15/2016 3:19:30 PM PST by Vinnie
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To: SeekAndFind

If it is not law now, I think it would be illegal to make retroactive laws.

Blind trust run by family should be enough.


67 posted on 12/15/2016 3:21:25 PM PST by A CA Guy (God Bless America, God Bless and keep safe our fighting men and women.)
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To: tired&retired
Sen. Elizabeth Warren of Massachusetts needs to divest of her fake Indian heritage....

How about a DNA test there Lizzy? Cost about $125 don't they?

68 posted on 12/15/2016 3:23:37 PM PST by Vinnie
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To: SeekAndFind

As these politicians get further away from reality, it makes me appreciate the honesty, integrity and sincerity of professional wrestling even more. When is Joe Isuzu going to run for office?


69 posted on 12/15/2016 3:37:46 PM PST by Bernard (The Road To Hell Is Not Paved With Good Results)
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To: Vinnie
Pelosi is the social butterfly who is an activist member of the country club, organizing private auctions for ‘charity’ because she's such a ‘social justice warrior’, but who also wants to maintain the exclusivity of the country club and not let the ‘riffraff’ in.
70 posted on 12/15/2016 3:38:21 PM PST by pieceofthepuzzle
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Comment #71 Removed by Moderator

To: SeekAndFind



Skank will soon learn that PEOTUS Trump is several steps ahead of her.

72 posted on 12/15/2016 3:50:13 PM PST by onyx (PRESIDENT-ELECT TRUMP'S VICTORY DONATE MONTHLY or JOIN CLUB 300!)
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To: tired&retired

That’s envy.
It’s what drives Liberals wild.


73 posted on 12/15/2016 4:22:38 PM PST by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: SeekAndFind

Pray tell if Warren has divested, or is she still making a killing from insider trading like the rest of the pack of Congress Critters she runs with?

My bet is she holds stock, a freaking ton of it.


74 posted on 12/15/2016 5:33:54 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: tired&retired

Excellent post


75 posted on 12/15/2016 5:56:45 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: wiseprince

What’s with the nastiness? Get up on the wrong side of the bed?


76 posted on 12/15/2016 6:50:25 PM PST by NTHockey (Rules of engagement #1: Take no prisoners. And to the NSA trolls, FU)
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