The White House is allowing Commerce Secretary Howard Lutnick to temporarily retain massive banking, financial services and real estate investments despite conflicts-of-interest concerns, according to a memo obtained by NOTUS.
“I have determined that your disqualifying financial interest is not so substantial as to be likely to affect the integrity of your service to the government,” White House counsel David A. Warrington wrote to Lutnick in the memo, which is dated July 8.
In the memo, Warrington detailed the terms of Lutnick’s “limited” waiver from his conflicts of interest.