{"id":1643647,"date":"2022-09-16T17:27:11","date_gmt":"2022-09-16T21:27:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1643647"},"modified":"2022-09-16T17:28:56","modified_gmt":"2022-09-16T21:28:56","slug":"top-biden-adviser-anita-dunn-still-divesting-multimillion-dollar-portfolio-after-four-months","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-biden-adviser-anita-dunn-still-divesting-multimillion-dollar-portfolio-after-four-months\/","title":{"rendered":"Top Biden Adviser Anita Dunn Still Divesting Multimillion-Dollar Portfolio After Four Months"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-biden-adviser-anita-dunn-still-divesting-multimillion-dollar-portfolio-after-four-months%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1643647&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<div class=\"RichTextArticleBody\">\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\"><\/div>\n<\/p><\/div>\n<p>President <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\">Joe Biden\u2019s<\/a> close adviser Anita Dunn has not divested herself of a <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/anita-dunn-disclosure\">sprawling investment portfolio<\/a> estimated to be worth millions of dollars since returning to the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/white-house\">White House<\/a>, raising concerns from a top ethics attorney.<\/p>\n<p>The <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\">White House<\/a> said in August that Dunn would <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/trump-wont-divest\">divest<\/a> her holdings and recuse herself from all matters involving the Democratic consulting firm she founded and her past clients.<\/p>\n<p>With her husband, Bob Bauer, White House counsel under former President <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/barack-obama\">Barack Obama<\/a>, Dunn holds a diverse stock portfolio ranging in value from $16.8 million to $48.2 million, according to <a class=\"Link\" href=\"https:\/\/www.cnbc.com\/2022\/08\/12\/biden-senior-advisor-anita-dunn-has-to-divest-investment-portfolio-to-avoid-conflict.html\" target=\"_blank\" rel=\"noopener\">an estimate<\/a> by CNBC. It includes corporate bonds issued by companies subject to regular federal oversight and call and put option contracts on the S&#038;P 500, municipal and corporate bonds, and individual stocks for biopharmaceutical, telecommunications, technology, and energy giants. Her salary from SKDK, a corporate consulting firm and major political vendor, was $738,715.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/lobbyists-kamala-harris\">LOBBYISTS PEEL OFF FROM HARRIS\u2019S OFFICE BUT STICK WITH BIDEN<\/a><\/b><\/p>\n<p>Yet four months into her tenure, Dunn\u2019s portfolio divestment is \u201cstill in process,\u201d according to a <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/biden-administration\">White House official<\/a> who said the adviser is \u201ctaking all necessary steps to do so.\u201d<\/p>\n<p>Dunn \u201chas the appropriate recusals in place\u201d in the meantime, the official said.<\/p>\n<p>Asked whether Dunn had sold any of her publicly traded assets, the official did not respond.<\/p>\n<p>At <a class=\"Link\" href=\"https:\/\/www.scribd.com\/embeds\/587596465\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-jIQnR4nurlNyLOT5eAew\" target=\"_blank\" rel=\"noopener\">dozens of pages<\/a> long, Dunn\u2019s filing holds a litany of possible conflicts of interest, with the delay posing major concerns, said Walter Shaub, director of the Office of Government Ethics under Obama and briefly under former President <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\">Donald Trump<\/a>.<\/p>\n<p>\u201cThat\u2019s an outrageously slow pace for divestitures,\u201d Shaub told the <i>Washington Examiner<\/i>. \u201cPresidential nominees requiring Senate confirmation get 90 days, with the expectation that they\u2019ll try to accomplish divestitures sooner. It should be the same for White House appointees, especially in the case of someone like Dunn, who entered government with a massive portfolio of potentially conflicting investments.\u201d<\/p>\n<p>Dunn\u2019s <a class=\"Link\" href=\"https:\/\/www.scribd.com\/embeds\/587596465\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-jIQnR4nurlNyLOT5eAew\" target=\"_blank\" rel=\"noopener\">93-page<\/a> disclosure would lead to extensive recusals, Shaub said.<\/p>\n<p>\u201cThe conflict of interest law applied to her from the moment she entered government, so what in the world does she do all day if she\u2019s recusing from all the things that could affect her many, many financial interests? And how did she avoid conflicts of interest the other times she joined this administration?\u201d he said.<\/p>\n<p>As for Dunn\u2019s publicly traded assets, Shaub said there \u201cwould be no excuse for a delay\u201d in selling them.<\/p>\n<p>Dunn entered the White House in May after two earlier stints during which she bypassed traditional disclosure obligations with a temporary role. As a \u201cspecial government employee\u201d <a class=\"Link\" href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2021\/07\/July-1-2021-Report-Final.pdf\" target=\"_blank\" rel=\"noopener\">making just below<\/a> the $132,552 salary <a class=\"Link\" href=\"https:\/\/www.oge.gov\/Web\/278eGuide.nsf\/Chapters\/Your%20Sources%20of%20Compensation%20Exceeding%20$5,000%20in%20a%20Year%20(Nominee%20and%20New%20Entrant%20Reports%20Only)?opendocument\" target=\"_blank\" rel=\"noopener\">threshold for disclosure<\/a>, Dunn kept private her asset portfolio. A so-called SGE generally <a class=\"Link\" href=\"https:\/\/www.oge.gov\/Web\/278eGuide.nsf\/Content\/Definitions~Special+Government+Employee+(SGE)\" target=\"_blank\" rel=\"noopener\">holds the position for 130 days or less<\/a> and can continue to advise outside clients.<\/p>\n<p>Her newly public filing details her work and asset holdings over the two years leading up to her <a class=\"Link\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/05\/05\/president-biden-announces-karine-jean-pierre-as-white-house-press-secretary\/\">appointment<\/a> as assistant and senior adviser to the president in May.<\/p>\n<p>In line with the administration\u2019s ethics pledge, Dunn isn\u2019t able to join any meetings with her former clients for two years, White House spokesman Chris Meagher <a class=\"Link\" href=\"https:\/\/www.cnbc.com\/2022\/08\/12\/biden-senior-advisor-anita-dunn-has-to-divest-investment-portfolio-to-avoid-conflict.html\" target=\"_blank\" rel=\"noopener\">told<\/a> CNBC in August.<\/p>\n<p>But despite advising Biden for months, it wasn\u2019t until Dunn returned to the White House in May that her position required a public disclosure of financial assets and former clients.<\/p>\n<p>For a White House quick to proclaim itself the most upstanding administration in history, Dunn\u2019s drawn-out process is cause for concern.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/b><\/p>\n<p>By comparison, climate envoy John Kerry divested hundreds of thousands of dollars of energy-related investments in March 2021 after joining the administration in January, <a class=\"Link\" href=\"https:\/\/abcnews.go.com\/Politics\/climate-envoy-john-kerry-sold-off-energy-holdings\/story\" target=\"_blank\" rel=\"noopener\">an analysis<\/a> of federal filings by ABC News showed at the time.<\/p>\n<p>\u201cThe seeming indifference to potential conflicts of interest sends such a bad message to appointees, as well as rank and file employees,\u201d Shaub said.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s close adviser Anita Dunn has not divested herself of a sprawling investment portfolio estimated to be worth millions of dollars since<\/p>\n","protected":false},"author":1,"featured_media":1643649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1643647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1643647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1643647"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1643647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1643649"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1643647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1643647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1643647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}