Traditional Culture Encyclopedia - Hotel franchise - What happened when US lawmakers accused Trump of being related to public pension funds?

What happened when US lawmakers accused Trump of being related to public pension funds?

On May 2nd, it was reported in Reuters, England that US President Trump had recently been exposed that he had not quit his family's hotel management company, which had been profiting from public pension investment. Two democratic senators in the United States said that Trump's approach has great unconstitutional risks.

Reuters's exclusive report on April 26th pointed out that millions of dollars from public pensions in at least seven states in the United States will regularly flow into an investment fund company, which holds shares in Trump SoHo Hotel and Apartment in new york City and pays operating expenses to a Trump company.

Some constitutional lawyers said that these investments may put Trump in a position of violating a vague constitutional clause that prohibits the president from receiving remuneration from institutions outside the government. In addition, there is a separate clause in the US Constitution that prohibits the president from accepting payments from foreign governments.

Ben Cardin, an important Democrat on the US Senate Foreign Relations Committee, said on the 28th that Trump was "setting a very dangerous precedent". Senator Richard of Connecticut, USA? Blumenthal also expressed a similar view.

The White House and Trump Group didn't return Reuters's phone calls and emails.