Anna Moneymaker | Bloomberg | Getty Images
Steven Mnuchin, U.S. Treasury secretary, arrives to testify during a House Ways as well as Means Committee hearing in Washington, D.C., U.S., on Thursday, March 14, 2019.
Treasury Secretary Steven Mnuchin, one of the Trump administration’s lead negotiators in China trade talks, has pushed Beijing to grant the American film industry greater access to its markets.
although at This particular point, Mnuchin’s ties to Hollywood are raising ethical questions about his role from the negotiations. Mnuchin had been a producer in a raft of successful films prior to joining the Trump administration.
In 2017, he divested his stake in a film production company after joining the White House. although he sold of which position to his wife, filmmaker as well as actress Louise Linton, for between $1 million as well as $2 million, the The fresh York Times reported on Thursday. At the time, she was his fiancee.
of which company, StormChaser Partners, helped produce the mega-hit movie “Wonder Woman,” which grossed $90 million in China, according to the Times. Yet, because of China’s restrictions on foreign films, the producers received a little portion of of which money. Mnuchin has been personally engaged in trying to ease those rules, which could be a boon to the industry, according to the Times.
Mnuchin’s 2018 disclosure, which was obtained by the Times, shows StormChaser listed as one of Linton’s assets. Because the couple are at This particular point married, the asset is actually considered Mnuchin’s. as well as he is actually owed of which same $1 million to $2 million, with additional interest, coming from the company in 2026, the 2018 form disclosed.
Senate Democrats on Thursday questioned Mnuchin about his financial holdings. He responded during the hearing of which he has complied with rules of career ethics officials inside the Treasury Department, although declined to discuss details of the transaction.
“I am advised by people at Treasury of which I am fully in compliance as well as I have no ethical issues,” Mnuchin said at the hearing. The Office of Government Ethics has not yet certified his 2018 financial disclosure, the first since his marriage to Linton, the Times reported.
Since trade talks began last year, film lobbyists have met with Mnuchin’s top deputies as well as officials coming from the Commerce Department as well as the office of the U.S. Trade Representative. Mnuchin has reportedly been particularly responsive to lobbying coming from the film industry.
StormChaser did not immediately respond to SouthIndianNews.com’s request for comment.
A Treasury Department spokesperson said in a statement: “Treasury’s career ethics lawyers certified the Secretary’s financial disclosure on June 27, 2018 as well as identified no outstanding conflicts of interest. The Secretary is actually in full compliance with his ethics agreement. We continue to work with the Office of Government Ethics to obtain certification of the disclosure.”
Read the full Times report here.