Coronavirus Aid Bill Bans Trump and His Family from Receiving Hospitality Industry Loans
The $ 2 trillion economic aid deal struck overnight Tuesday includes a provision prohibiting President Trump or members of his family from personally benefiting from the money made available to businesses, said Wednesday morning Senatorial Minority Leader Chuck Schumer.
Schumer said the provisions were not specifically aimed at Trump but applied to “any major figure in government,” including members of Congress and members of the president’s cabinet.
“If they or their family have majority control, they can’t get grants or loans, and that makes sense,” Schumer said during an appearance on CNN. “Those of us who write the law should not benefit from the law.”
The possibility that Trump’s businesses, which like many in the hospitality industry have been hit hard by coronavirus-related closures, receive government-backed loans or grants has alarmed critics. Trump’s refusal last week to pledge not to accept such aid only added to those concerns.
The Washington Post reported earlier this week that at least six of Trump’s hotels have closed due to the coronavirus pandemic. When asked if he would pledge not to accept government aid for these properties, Trump did not respond but instead accused the media of not giving him enough credit for giving up his government salary as president.
Trump has been criticized several times during his tenure for taking actions that financially benefit his businesses. His frequent stays at his Mar-a-Lago resort resulted in exorbitant room rates being charged to the Secret Service and, in at least one case, a $ 1,000 bill that was clawed back by taxpayers.