Ivanka Trump Confirms She's Leaving the Trump Organization and Her Fashion Label

Trump names son-in-law as senior presidential advisor

Kushner is married to the President-Elect's daughter, Ivanka.

'As you can well imagine, that caused an immediate financial loss of millions of dollars, not just for President-elect Trump, but also for Don, Ivanka and Eric'.

In order to comply with federal ethics laws and after consulting the Office of Government Ethics, Kushner will take a number of steps to divest substantial assets, Gorelick said.

Priebus called Kushner "a visionary with a rare ability to communicate with and assemble broad coalitions of support" and said his "open mind, adaptability and keen intellect" would be a "great asset" to the team.

Leaders on the House Judiciary Committee wrote a letter calling on the Department of Justice and Office of Government Ethics to look into anti-nepotism laws that might limit what Kushner can and cannot do.

Kushner, a 36-year-old real-estate developer and media magnate, lacks conventional public policy experience - and it remains to be seen whether he has the chops to, say, navigate the complexities of Mideast peace.

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Kushner, his wife Ivanka Trump and their children are not the beneficiaries of the family trust, the lawyers said.

Kushner intends to resign from the management positions he now holds, including as CEO of Kushner Companies, publisher of New York's Observer newspaper and positions with other organizations, and will divest from a "significant number" of his assets to comply with government ethics rules, his attorney Jamie Gorelick told CNN. Norman Eisen, who was the chief White House ethics lawyer under President Barack Obama, said he thought the law was "murky" and said he advocated a "strict approach, but reasonable people may disagree". "I have absolute confidence in our argument".

"It makes good sense, because one should not assume Congress wants to interfere with whom the president wants as his closest advisers in the White House", Dellinger said.

Gorelick said that Kushner would resign as chief executive of the Kushner Cos. and as publisher of the New York Observer, divest all of his common stock and any foreign investments and shed many other assets.

Kushner, the son of real estate developer and convicted felon Charles Kushner, bought the Observer for nearly $10 million when he was 25 and used the paper to gain influence in Manhattan's elite social circles. "Selling first and foremost would not eliminate possibilities of conflict of interest", she said, adding that "if President-elect Trump sold his brand he would be entitled to royalties for the use of it" and "further, whatever price was paid would be subject to criticism and scrutiny" and questions of pay-for-play.

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