As typical with businesses finalizing their annual financial reporting, we expect to have information available towards the end of February 2018," said a representative for Trump Hotels.
"Our fiscal year ended on December 31, 2017. Trump's Washington hotel had turned an unexpected profit for the year 2017, The Washington Post reported in August. The Saudi Arabian government and others have reportedly hosted events at the venue. The lack of documentation of donations to the Treasury comes as Trump's Washington, D.C., hotel - which is just down the street from the White House - has reportedly become a hot spot for foreign diplomats. Later in May, NBC News reported on this pamphlet, saying the Trump Organization "suggests that it is up to foreign governments, not Trump hotels, to determine whether they self-report their business." The pamphlet "made clear that the Trump Organization would not attempt to identify all foreign government emoluments" they say are barred by the U.S. On Thursday, the committee Democrats wrote that they received a "insultingly incomplete" eight-page pamphlet on May 11, 2017, responding to requests for documents related to the Treasury donations. She added that Trump would donate foreign government payments from "his hotel" to the Treasury, without specifying which Trump hotels would do so. and Eric Trump along with executive Allen Weisselberg, Dillon said. Trump would move the assets of the Trump Organization to a trust to be managed by his sons Donald Jr. This could violate a clause of the Constitution that prohibits the president from accepting personal "emoluments" from foreign governments.ĭillon aimed to ease those fears at a January 2017 press conference, nine days before Trump took the oath of office. Throughout that time, ethics experts have sounded the alarm about foreign governments using payments to Trump's companies to curry favor with his administration. The letter is the latest step in a yearlong effort to resolve concerns that the Trump family's sprawling business empire will benefit financially from the office of the presidency. If Gowdy refuses to issue the subpoena, they want to hold a committee vote on the matter, effectively forcing their GOP counterparts to cast a vote not to hold Trump accountable.Ī representative for Trump Hotels said the figures won't be available until late February. the specific sources and amounts of all foreign government payments, the manner in which these amounts were calculated, and documents demonstrating the manner in which they were donated to the Treasury," Democratic members of the House Oversight and Government Reform Committee wrote in a letter Thursday to committee Chairman Trey Gowdy, R-S.C. "We respectfully request that you issue a subpoena to the Trump Organization to produce.
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