House Committee Urges Government to Terminate Lease for Trump’s Hotel Before He Can Sell It

The House Oversight Committee says the General Services Administration (GSA) should end the lease on former President Donald Trump’s hotel before he can profit off of it.

CNN noted the request comes amid allegations that the Trump Organization made false financial statements.

According to the outlet, the Trump Organization could make $100 million off of the sale of the lease on the Trump International Hotel in Washington, DC, for $370 million.

The committee explained, “No one should be rewarded for providing false or misleading information to the federal government or for seeking to profit off the presidency.”

The letter continues, “In light of these new revelations, including further evidence that the former President submitted at least one financial statement with possible material misrepresentations to GSA, we request that you consider terminating the Old Post Office Building lease to former President Trump … and end, once-and-for-all, the grave damage this inappropriate lease has done to presidential ethics and integrity in government contracting.”

A spokesperson from the GSA told CNN the agency will conduct a thorough “and appropriate” review of the lease transfer.

The statement goes on, “GSA has taken, and will continue to take, steps to ensure that the tenant is in compliance with the terms and conditions of the lease.”

Trump’s accounting firm recently declared that a decade’s worth of his financial statements is no longer reliable, as IJR reported.

The firm also cut ties with the Trump Organization.

“This conclusion (is) based, in part, upon the filings made by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources,” the firm’s general counsel said in a letter.

A Trump spokesperson responded, “While we are disappointed that Mazars has chosen to part ways, their February 9, 2022 letter confirms that after conducting a subsequent review of all prior statements of financial condition, Mazars’ work was performed in accordance with all applicable accounting standards and principles and that such statements of financial condition do not contain any material discrepancies.”