President-elect Donald Trump announced the appointment of his son-in-law Jared Kushner as a senior adviser to the president.
“Jared has been a tremendous asset and trusted advisor throughout the campaign and transition and I am proud to have him in a key leadership role in my administration,” Trump said in a statement.
Billionaire Kushner is married to Trump’s daughter Ivanka Trump. He is a real-estate developer in New York City. He is co-owner of Kushner Companies and in 2006. He also owns the New York Observer newspaper.
Kushner has been facing questions about conflicts of interest due to his business holdings and a federal anti-nepotism law that prohibits all federal officials from appointing relatives to serve directly under them.
According to the Trump transition, Kushner will distance himself from his company and divest “substantial assets.” The billionaire’s remaining assets will be purchased by a trust, according to a report from NBC News.
“Mr. Kushner is committed to complying with federal ethics laws and we have been consulting with the Office of Government Ethics regarding the steps he would take,” Kushner’s lawyer Jamie Gorelick said in a statement.
The anti-nepotism law applies to Kushner, but the billionaire should have any problem, according to David Brock, one of Hillary Clinton’s fiercest defenders, New York Post reported.
Brock told the newspaper that “Kushner appears to be taking the proper steps regarding the ethics and disclosure requirements for federal employees.”
Kushner plans to sell his New York holdings, all his foreign holdings, his stake in the family real-estate business, as well as his stake in the weekly New York Observer. Moreover, Kushner will not be paid a salary.
Trump is likely to address Kushner’s position along with his own potential business conflicts at a press conference on Wednesday.