Let’s start with Article II, Section 1, Clause 7: “The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”
This provision should have prevented former president Donald Trump from reaping income from foreigners, including foreign government officials who stayed at his properties. Yet Republicans chose to ignore it.
This is particularly important now, as Forbes recently revealed that Trump failed to disclose that he had a nearly $20 million loan with Daewoo, a South Korean conglomerate, while running for president in 2016. Forbes reports, “There’s little doubt that if the world had known about the debt while Trump was president, it would have sparked conflicts-of-interest concerns, perhaps heightened by Daewoo’s historical ties to North Korea. (In the mid-1990s, the firm was the only South Korean company permitted to operate a business inside the country.)” Perhaps Republicans might want to pass legislation prohibiting any president from continuing to do business with foreigners while in office? Just a thought.