President Donald Trump’s Mar-a-Lago frequent is seen on November 1, 2019 in Palm Beach, Florida.
Joe Raedle
President Donald Trump’s businesses are barred from go out loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.
The Trump Classification, which the president has not divested, is run by his two elder sons, Donald Jr. and Eric. The company controls several hotels, resorts and golf organizations, including Mar-a-Lago in Palm Beach, Florida. The resort closed last week, during its peak season.
Lawmakers and the Snowy House reached an agreement early Wednesday after days of tense, roller-coaster negotiations that added to uncertainty in sells.
Democrats and other critics of the president were concerned that Trump’s businesses would receive bailout in clover because the tourism industry is one of the hardest-hit by the coronavirus, which has spurred leaders to restrict travel and companies to cut capacity and wind up up shop.
The measure will also ban businesses controlled by Vice President Mike Pence, Cabinet members and lawmakers from notified of the funds, according to details circulated by Schumer, D-N.Y.
Senate Majority Leader Mitch McConnell, R-Ky., said prematurely Wednesday the chamber would vote on the bill later in the day. If approved by the Senate, the bill faces action in the Democratic-led Assembly.
The White House declined to comment.