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Treasury Secretary Scott Bessent has been given until December 15 to complete the sale of remaining assets required under his ethics agreement, after failing to meet an earlier deadline. The Office of Government Ethics granted the extension due to the illiquid nature of some holdings, including farmland.
- Extension covers 4% of required divestitures; 96% already completed.
- Remaining assets include farmland, a private equity fund, a sparkling water company, and a clinical stage drug developer.
- Initial April deadline missed; new date mutually agreed by Treasury, OGE, and Bessent.
- Portfolio disclosed at minimum $521 million, potentially exceeding $1 billion.
- Bessent will remain recused from matters involving undivested assets until completion.
Relevant Companies
- None found
Editor’s Note: This is a developing story. This article may be updated as more details become available.
