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Posted On: 02/25/2017 6:21:21 PM
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There is, however, a law outside of the conflict-of-interest statutes that could deter Trump from retaining his business interests while in office—and one that has received insufficient attention. Introduced in the Ethics Reform Act of 1989, it prohibits any senior “noncareer officer” of the government from permitting his or her name to be “used” by any firm that “provides professional services involving a fiduciary relationship.” While the conflict-of-interest statutes exempt the president, the text of the use-of-name law does not, though its use in court would require the repeal of a 25-year-old executive-branch regulation that does exempt the president and vice president. As important, Congress explicitly said this statute was meant to ban the use of an officer’s name not only in traditional fiduciary-based firms, such as law partnerships, but in a range of other ventures including “real estate, consulting and advising, [and] architecture.” The U.S. Office of Government Ethics regulations that apply the law adopted this broad definition
source
https://www.theatlantic.com/politics/archive/...st/503333/
There is, however, a law outside of the conflict-of-interest statutes that could deter Trump from retaining his business interests while in office—and one that has received insufficient attention. Introduced in the Ethics Reform Act of 1989, it prohibits any senior “noncareer officer” of the government from permitting his or her name to be “used” by any firm that “provides professional services involving a fiduciary relationship.” While the conflict-of-interest statutes exempt the president, the text of the use-of-name law does not, though its use in court would require the repeal of a 25-year-old executive-branch regulation that does exempt the president and vice president. As important, Congress explicitly said this statute was meant to ban the use of an officer’s name not only in traditional fiduciary-based firms, such as law partnerships, but in a range of other ventures including “real estate, consulting and advising, [and] architecture.” The U.S. Office of Government Ethics regulations that apply the law adopted this broad definition
source
https://www.theatlantic.com/politics/archive/...st/503333/
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