The Senate was about to approve the largest recovery bill in U.S. history on Wednesday night when the Democrats hit pause, realizing something was missing — tighter language to limit the money President Trump and his family would get from the stimulus
But that wording would have still allowed the money to go to businesses that family members collectively — but not individually — owned at least a 20 percent stake of. That's the case with some of Trump son-in-law Jared Kushner's financial holdings, and lawmakers didn't want it to seem like Kushner's family was getting a carve-out.Yet the tweak was somehow missing from the final bill.
Before he was sworn into office, Trump was urged to fully separate from his eponymous company, which comprises more than 500 businesses. But he ignored those calls, retaining ownership of his business. Instead, he placed his holdings in a trust designed to hold assets for his benefit. He can withdraw money from the trust at any time without the public’s knowledge.
After the Senate stimulus bill passed, Democrats trumpeted the clause to restrict the funds Trump's businesses could receive. Schumer hailed the language as one of the "significant improvements" made to the bill in negotiations with Treasury Secretary Steven Mnuchin.
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