GOP Sen. Bob Corker was at dinner Monday night when a friend made a surprising revelation: the president isn’t required to give up his or her financial dealings when they enter the Oval Office.
“I just realized myself last night that it didn’t apply,” Corker told The Daily Beast Tuesday. “There have been a lot of issues in this campaign that have been brought to people’s attention, that they were unaware of. My guess is that it’ll be looked at [once the election cycle is over.]”
Whether it’s President Trump or President Clinton, both would potentially bring major potential conflicts of interest to the Oval Office if elected—between a large international corporate empire and a global foundation, respectively. And there’s no law that requires them not to engage in self-dealing—something that even senior lawmakers are unaware of.
Senior government officials in the executive branch are barred from participating in any matter that has a financial benefit for the official or the official’s immediate family, to include their spouse or child. But the same rules that restrain, say, the Secretary of Defense, doesn’t apply to the president.