WASHINGTON - Businesses controlled by President Donald Trump and his children would be prohibited from receiving loans or investments from Treasury Department programs included in a $2 trillion stimulus plan agreed to early Wednesday by White House and Senate leaders in response to the coronavirus crisis.
The provision, which was touted by Senate Minority Leader Chuck Schumer, D-N.Y., in an early-morning letter to colleagues, would also apply to Vice President Mike Pence as well as their children, spouses and in-laws.
Trump's dual roles as both chief executive of the nation and owner of a sprawling business empire has been frequently criticized by Democrats, who accuse him of trying to profit from the presidency.
The provision, which was touted by Senate Minority Leader Chuck Schumer, D-N.Y., in an early-morning letter to colleagues, would also apply to Vice President Mike Pence as well as their children, spouses and in-laws.
Trump's dual roles as both chief executive of the nation and owner of a sprawling business empire has been frequently criticized by Democrats, who accuse him of trying to profit from the presidency.