Watchdog to ask U.S. lawmakers to probe
Icahn's role with Trump
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[March 08, 2017]
By Chris Prentice
(Reuters) - A government watchdog group,
Public Citizen, said on Wednesday it will ask lawmakers to investigate
whether billionaire investor Carl Icahn should have been subject to
lobbying disclosure laws when he advised President Donald Trump to
overhaul the U.S. biofuels program.
Icahn, an unpaid adviser to Trump on regulation, submitted a proposal to
Trump last month to change the U.S. Renewable Fuel Standard by shifting
the burden of blending biofuels into gasoline away from oil refining
companies, and further down the supply chain to marketers.
Public Citizen said that, because Icahn owns a controlling stake in a
refinery that could benefit from the proposed change, he may have been
required by a 1995 lobbying disclosure law to disclose his discussions
with Trump on the subject as lobbying. The group said it would make its
request for a probe in a letter to Congress later on Wednesday.
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"All of this has occurred with no record of any (Lobbying Disclosure
Act) filings by or on behalf of Mr. Icahn," Public Citizen said in a
copy of the letter provided to Reuters.
The Renewable Fuel Standard, signed into law by former President George
W. Bush, requires refiners to mix increasing levels of renewable fuels
into gasoline and diesel each year - a requirement that many refiners
say costs them millions of dollars.
Icahn owns an 82-percent stake in refiner CVR Energy Inc, which along
with other refining companies, have urged the Environmental Protection
Agency (EPA) to shift the blending obligation away from them.
Icahn has said that the change would benefit not just his company, but
the entire refining industry.
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![](../images/030817pics/news_h11.jpg)
Billionaire activist-investor Carl Icahn gives an interview on FOX
Business Network's Neil Cavuto show in New York February 11, 2014.
REUTERS/Brendan McDermid
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Icahn has disclosed his role as a Trump adviser to the Securities
and Exchange Commission, but he has not registered as a lobbyist.
Several Democratic lawmakers have said they want more information
about his role in the Trump administration.
Last week, the head of a U.S. biofuels group said Icahn told him
that Trump was readying an executive order to change the point of
obligation for blending under the biofuels program, something both
the White House and Icahn have denied. The White House has said it
is reviewing Icahn's proposal and has not yet taken a position.
(Reporting by Chris Prentice in New York; Additional reporting by
Emily Stephenson in Washington; Editing by Lisa Shumaker)
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