Conflicts of interest of President-elect Donald Trump
Donald Trump became the President-elect following the elections of the United States of America of 2016. Since then, many conflicts of interest (unprecedented for a US President-elect) have arisen due to his vast business holdings. Trump has stated that he will resolve his conflicts of interest, but not given any specifics as to how. List of conflicts of interest *Trump International Hotel, Washington is leased with the General Services Administration, which specifically prohibits elected officials from deriving benefit from the lease. *Deutsche Bank is owed $365 million for a hotel in Washington DC, a hotel in Chicago, and a golf course in Florida. There is a $14 billion fine being negotiated with Deutsche Bank and the Department of Justice for matters unrelated to Trump, that he as President would have power to influence. *The Internal Revenue Service receives a new appointed head by the President of the United States every five years, the next head due November 13, 2017. Trump is currently under audit by the Internal Revenue Service. *The Industrial and Commercial Bank of China currently rents space in Trump Tower. *Trump favors completing the Dakota Access Pipeline, and owns stock in the company building it.