Trump businesses barred from getting coronavirus stimulus money, Schumer says

MAR 25 2020

President Trump’s businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.

The Trump Organization, 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 clubs, including Mar-a-Lago in Palm Beach, Florida.

Democrats and other critics of the president were concerned that Trump’s businesses would receive bailout money because the tourism industry is one of the hardest hit by the coronavirus.

The measure will also ban businesses controlled by Vice President Mike Pence, Cabinet members and lawmakers from receiving the funds, according to details circulated by Schumer, D-N.Y.

The White House declined to comment.

https://www.cnbc.com/2020/03/25/coronavirus-stimulus-bill-trump-businesses-wont-get-money.html
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