Jared Kushner

Kushner s real estate activities raise potential
conflict-of-interest issues Federal policies could help or harm his business

The White House and Jared Kushner

The president-elect apparently isn t subject to conflict of interest laws, but his son-in-law could be.

If Jared Kushner secures a White House staff position, his real estate and other business activities c上海龙凤论坛sh1f

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ould pose potential conflict-of-interest issues, the Wall Street Journal reported. Kushner has hundreds of millions of dollars worth in outstandin上海千花网

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g loans and counts major foreign and domestic banks among financial partners.

Key policies, like EB-5, could po上海夜网

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tentially have a major impact on Kushner s business. Kushner Companies, the firm he heads, used the federal program to help finance his Trump Bay Street rental tower in Jersey City. A key provision in the visa program, which allows foreigners to invest upwar上海千花网龙凤论坛

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ds of $500,000 in U.S. real estate projects in exchange for green cards, is set to expire in December. Though Trump hasn t taken a formal position on the program, experts told The Real Deal during a panel earlier this month that EB-5 will thrive under the president-elect. Still, Congress has becoming increasingly critical of the program, and Trump will likely have to take a definitive position.

Kushner has considered placing his assets in a blind trust to avoid conflict-of-interest issues, but some legal experts say he would need to sell off the as上海千花社区

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sets and then place the money in a trust.

“You can’t pretend you don’t own something just by putting it in a blind trust,” Richard Painter, a law professor at the University of Minnesota, told the Journal. [WSJ] — Kathryn Brenzel 

Tags: EB-5, Jared Kushner, kushner companies
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