Senator Praises Commerce Pick Ross for Divesting

January 18, 2017 Updated: January 18, 2017

Sen. Bill Nelson, D-Fla., is praising billionaire Wilbur Ross for agreeing to divest the vast majority of his business holdings and resign from nearly 50 boards and organizations if he is confirmed as the Commerce secretary.

Now, Nelson says he hopes President-elect Donald Trump will follow his example.

Nelson is the lead Democrat on a Senate committee holding a confirmation hearing for Ross on Wednesday.

Trump will put his business assets in a trust but will hand over the management of his international real estate development, property management and licensing company. The Office of Government Ethics recommends that Trump sell of his businesses and put the proceeds in a blind trust.

Nelson says Trump should eliminate any business dealings that could pose a potential conflict of interest.