Statement from U.S. Secretary of Commerce Wilbur Ross

Statement from U.S. Secretary of Commerce Wilbur Ross

The following press release was published by the U.S. Department of Commerce on July 13, 2018. It is reproduced in full below.

Today I received the enclosed letter from the Office of Government Ethics (OGE). I agree with OGE that “the success of our Government depends on maintaining the trust of the people we serve.” I take my ethics obligations very seriously and am committed to serving the American people.

I have made inadvertent errors in completing the divestitures required by my ethics agreement. My investments were complex and included hundreds of items. I self-reported each error, and worked diligently with my department’s ethics officials to make sure I avoided any conflicts of interest.

My ethics agreement allowed me to retain some private equity holdings. To maintain the public trust, I have directed that all of my equity holdings be sold and the proceeds placed in U.S. Treasury securities.

I look forward to continuing to serve the American people.

----- Click HERE to view the letter from the Office of Government Ethics

Source: U.S. Department of Commerce

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