WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent has not divested certain assets as required under government ethics rules and needs to guard against conflicts of interests in policymaking, the Office of Government Ethics reported has said.

In a letter to Senate Finance Committee Chair Mike Crapo dated Monday, OGE Deputy Compliance Director Dale Christopher wrote that Bessent “has failed to timely comply with certain terms of the ethics agreement he signed” before taking office in late January.

The ethics office said it told Treasury ethics officials to remind Bessent “that it is his personal responsibility to avoid taking any action that could create a real or apparent conflict of interest with regard to his holdings,” the letter said.

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