Trump Announces 2 Eldest Sons Will Run Businesses

The president-elect said during his news conference that he will turn over control to Eric Trump and Donald Trump Jr. in an attempt to avoid conflicts of interest.
2:49 | 01/12/17

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Transcript for Trump Announces 2 Eldest Sons Will Run Businesses
On that right now I Cecile laid out at that press commerce the president laid out how he's gonna deal when his business while he's in the White House. Saying he's turning over control to his two older sons as she said no new foreign deals but he also stressed that the law said he could do deals like that if he chose to take a look. And was offered. Two billion dollars. To do a deal in Dubai. Number of deals. And I turned it down I didn't have to turn it. Because as you know I have a no conflict situation because I'm president which is. I didn't know about that until about three months ago but it's a nice thing to have. He's saying that offer came in just this week in the second Dan Abrams about this right now kind of a news are right there as well the president is right that the conflict of interest law does not apply. To the president did you had the head of the Office of Government Ethics come out last night and say what he's done is completely meaningless. In terms of conflict of interest. Let's separate this out in to ethics and legal let's start with the ethical side of this he still owns the company. What does that mean it means that when the company gets richer Donald Trump gets richer. It also means and this is something people are talking about enough he is still subject to litigation. So if somebody suing the company. Donald Trump is still has to be involved in that litigation. That's a big deal and the third point there he also knows what his company is he knows where the businesses are. He knows where their actions gonna take will help a couple of course look at all he's saying in effect DA's I'm not gonna have DD de control over the company and they're going to be certain restrictions that someone internally. Is going to oversee. But this does not address according to almost all ethics experts the ethical concerns yet there is also one big law that may be in conflict led that's the constitutional right let's talk law firm and he is absolutely right that the conflict of interest law does not apply to the president and vice president that would have been the most likely lost someone would say that he could potentially be violating. But there is a clause in the constitution but a lot of people are talking about now called your more humans clause which basically says that you can't get. Earnings were paved from a foreign state that's DM William it means. And constitutional law professors at the very least believed BC's dean jurists legal territory for him. There is a bit of a divide over whether it's gonna apply he's trying to minimize that by saying look. We're not gonna actually benefit from that foreign money we're gonna donated in the hope to profit right in the hope that that will somehow make this less of a concern but I can tell you the vast majority of legal experts you talk to say this is dangerous. Legal terror and almost certainly someone or some institution will bring a little town. Absolutely it's very much.

This transcript has been automatically generated and may not be 100% accurate.

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