Watchdog presses U.S. lawmakers to probe Icahn's role with Trump

[Eugene]

Source: Reuters

A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws, a complaint the billionaire investor denied and called a "witch hunt."

The group said Icahn may have been acting as a lobbyist when he advised President Donald Trump to overhaul the U.S. biofuels program. Icahn, an unpaid adviser to Trump on regulation, submitted a proposal to Trump last month to change the U.S. Renewable Fuel Standard by shifting the burden of blending biofuels into gasoline away from oil refining companies, and further down the supply chain to marketers.

Public Citizen said that, because Icahn owns a controlling stake in a refinery that could benefit from the proposed change, he may have been required by a 1995 lobbying disclosure law to disclose his discussions with Trump on the subject as lobbying. The group said it has made its request for a probe in a letter sent to Congress on Wednesday morning.

"All of this has occurred with no record of any (Lobbying Disclosure Act) filings by or on behalf of Mr. Icahn," Public Citizen said in a copy of the letter provided to Reuters.

[font size=1]-snip-[/font]


Read more: http://www.reuters.com/article/usa-biofuels-icahn-idUSL2N1GL0O1

---

POLITICS | Wed Mar 8, 2017 | 3:52pm EST
By Chris Prentice

[bucolic_frolic]

1. Vulture Capitalist Birds of a Feather Flock Together

I read somewhere if you take Icahn's billions and divide them by the number
of days has has lived, he has earned something like $583,000 for every day
he has been alive.

I avoid buying from businesses owned by billionaires. Pep Boys, Wendys ...
to feed them is to feed income inequality.