Core Points - U.S. Treasury Secretary Scott Bessent has divested his interests in a soybean farm to comply with an ethics agreement [1][3] - The divestiture follows a notification from the U.S. Office of Government Ethics regarding non-compliance with the ethics agreement [2] - Bessent previously owned up to $25 million in soybean and corn farmland in North Dakota, generating rental income of up to $1 million annually [3] Compliance and Ethics - Bessent's ethics agreement required him to divest from his Key Square Group hedge fund and other assets to prevent conflicts of interest [4] - As of August, Bessent had completed 96% of the required asset divestitures, with plans to finalize the remaining assets by the end of the year [4]

Treasury Secretary Scott Bessent has been granted an extension after failing to fully divest all his assets in compliance with an ethics agreement, according to documents reviewed by Bloomberg https://t.co/TM8WI75zMU ...