Trump’s companies received millions of dollars in income from foreign entities while he was president, according to a House report

Former President Donald Trump’s companies received millions of dollars from foreign entities in 20 countries during his presidency, according to a new report released Thursday by Democrats on the House Oversight Committee.

Rep. Jamie Raskin, the top Democrat on the oversight committee, released a report finding that 20 governments, including China and Saudi Arabia, paid at least $7.8 million to corporate entities, including President Trump, during Trump’s presidency. Provided documents from President Trump’s former accounting firm showing. International Hotels in Washington DC and Las Vegas, Trump Tower in New York.

The 156-page report by House Democrats is titled “The White House for Sale.”

“Former President Trump, by elevating his personal economic interests and the policy priorities of corrupt foreign powers above the American public interest, violated the clear mandate of the Constitution and the , both of the prudent precedents it followed were violated.” All previous commanders in chief. ”

The report said Saudi Arabia likely paid at least $615,422 to Trump-owned companies during Trump’s first term, according to “limited records” obtained by the committee. .

“While the Kingdom of Saudi Arabia was making these payments, President Trump selected Saudi Arabia as the destination for his first foreign trip, an unprecedented choice for a U.S. president,” the report said.

The report alleges the payments violate the Constitution’s Foreign Incentives Clause, which prohibits the president and other federal officials from accepting money or gifts from foreign governments without Congressional approval. .

“President Trump received at least millions of dollars in foreign compensation through entities he owns and controls, in violation of the U.S. Constitution,” the Democratic Party wrote in its report. “Documents obtained from former President Trump’s accounting firm show that four properties owned by Mr. It proves that they collected millions of dollars in payments.” ”

In a statement to ABC News, Eric Trump, the former president’s son who helps run the Trump Organization, cited profits that Trump voluntarily donated to the Treasury Department to offset business income from foreign companies. , said House Democrats’ “story is outrageous.” .

Eric Trump said: “There is no ability or feasibility to prevent someone from booking through a third party such as Expedia, so they would voluntarily donate their profits…disgustingly hidden. “There is,” he said. “The story is outrageous, especially considering that no president in U.S. history has been as tough on China as Donald Trump, who has imposed billions of dollars worth of tariffs on Chinese goods and services. is.”

In 2018, ABC News reported that President Trump voluntarily donated $151,470 to the U.S. Treasury, and a lawyer for the Trump Organization said, “We have received $151,470 in donations from hotels and similar projects by foreign governments during President Trump’s term in office.” We are fulfilling our promise to donate profits.”

But government ethics watchdogs questioned the amount of the donations, saying the methodology used did not require the Trump Organization to account for revenue it received from foreign government sponsors of unprofitable Trump properties.

In 2021, the U.S. Supreme Court dismissed a lawsuit accusing Trump of profiting from his presidency because he was no longer in office.