President-elect Donald Trump tweeted Wednesday that he is drawing up documents that will take him "completely out" of his business operations "in order to fully focus on running the country."
In early-morning tweets, the real-estate mogul was scant on details about how he plans to remove himself from his self-branded businesses and Trump Organization empire, but said he would hold a news conference with his children on Dec. 15 to talk about his departure.
"While I am not mandated to .... do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses," Trump tweeted.
In another tweet, the Republican said "legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!"
The president-elect last held a news conference 126 days ago but has been using Twitter as his main means to communicate.
While on the campaign trail, Trump has said his business holdings will be placed into a blind trust with his oldest three children in charge. But his more than 500 companies that span multiple industries is already raising serious questions about how he can navigate conflicts of interest as both president and CEO.
Previous candidates have typically promised to put their assets into a blind trust. But as many critics have pointed out, a trust cannot be blind if you know who's running it and what assets it includes.
And while there aren't any legal issues if he hands the reins of his business to his children, it would still come off as shady Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, previously told NBC News.
"It's hard to see how you keep this wall between you and your children … It's hard to imagine that Trump wouldn't know what was going on with these properties, with how they are performing, if money is coming in or not, and decisions on buying new properties," Hufbauer said. "There's not the same degree of ignorance you would have with a blind trust."
Besides the incoming president's entanglements with several companies abroad, Trump's recently opened hotel in Washington, D.C., is also coming under scrutiny because of its location at the Old Post Office building — owned by the federal government and leased to the Trump Organization.
The General Services Administration, a federal agency which Trump will have the reigns of as president, is also in charge of his lease.
Critics are questioning whether the GSA would act impartial, such as if there is a dispute over the financial arrangement.
Democrats have also indicated that they will raise concerns over Trump's business interests.
On Monday, Democrats on the House Oversight and Government Reform Committee called for a probe into Trump's business empire, citing reports from The New York Times and Washington Post that raised concerns about his dealings with foreign businesses.
In a letter to the chairman of the committee, Rep. Jason Chaffetz, R-Utah, the lawmakers wrote: "Troubling new revelations about Mr. Trump's actions — as well as those of his family members and business associates — have made the need for robust congressional oversight even more urgent."