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US Treasury's Bessent not in compliance with ethics agreement, the Office of Government Ethics reported has said

Treasury Secretary Scott Bessent has divested 96% of his assets but faces challenges selling $25 million in illiquid North Dakota farmland by the December 15 deadline, ethics officials said.

  • The U.S. Office of Government Ethics reported that Treasury Secretary Scott Bessent has not fully complied with his ethics agreement, potentially leading to conflicts of interest.
  • A letter sent to Senator Mike Crapo highlighted Bessent's failure to meet the required divestment deadline of April 28.
  • Bessent claimed he has divested 96% of his required assets, with farmland remaining that generates significant rental income.
  • Complaints were filed regarding Bessent's adherence to ethics laws by the Campaign Legal Center and Democracy Defenders Fund, suggesting he violated conflict-of-interest regulations.
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The Mighty 790 KFGO broke the news in on Wednesday, August 13, 2025.
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