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Statement from U.S. Secretary of Commerce Wilbur Ross

FOR IMMEDIATE RELEASE

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.

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

Attachment Type Size
wilbur_ross_letter_july_12.pdf application/pdf 974.76 KB