Ex-president Bill Clinton is looking to smooth over conflict-of-interest concerns by submitting his future charitable and business activities to strict ethics reviews should his wife, New York Sen. Hillary Clinton, were to become Secretary of State in the upcoming Obama Administration.
The Wall Street Journal reports that under the emerging agreement, Mr. Clinton would disclose the identities of all new donors to his charitable foundation. He would also make public “major” past contributors — a term that has yet to be defined. The cloak of secrecy over the former president’s foreign financial ties stirred widespread criticism when his wife was running for president.
Mr. Clinton would also seek clearance from two separate entities — the White House counsel and the State Department’s ethics chief — on all donations to his charitable foundation, the William J. Clinton Foundation, which includes his presidential library and the Clinton Global Initiative. He would follow the same procedure before agreeing to any paid speeches, according to people close to the talks. Additionally, Mr. Clinton would step away from his foundation’s daily operations — all significant concessions for his wife, one person added.
Democrat sources have say Bill is “willing to be as transparent as the Obama world wants” but is not the “obstacle” to Hillary getting the position. What exactly would that “obstacle” be was not said, although Hillary is reportedly competing with John Kerry and Bill Richardson, who sided with Obama against Hillary during the primaries, for the position. The Guardian UK has reported that Hillary has accepted the position.
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