White House adviser Susan Rice divests from company building Midwest pipeline

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White House adviser Susan Rice has divested herself of millions of dollars' worth of holdings in a company that's leading a contentious pipeline project supported by the Biden administration.

Monthly payments to middle-class families with children that make $150,000 or less began Thursday.The director of President Joe Biden's Domestic Policy Council, Susan Rice, has divested herself of millions of dollars' worth of holdings in a company that's leading a contentious pipeline project supported by the Biden administration.

The Enbridge stock sale is part of a series of large divestments that Rice, one of the wealthiest members of the Biden White House, has recently made or is planning to make in the coming days. Divesting is a common measure that newly appointed public officials take to ensure that their government duties don't overlap with their personal interests.

It's unclear if Rice netted any capital gains from the sale of her Enbridge shares, but those who divest assets under a certificate of divestiture are allowed to defer taxes on capital gains. The official said that as of early this week Rice had divested all of her Canadian assets, including the Enbridge holdings and more than $14 million worth of shares in Canadian Pacific Railway Ltd., as well as many U.S. assets.In this Jan. 26, 2021, file photo, Domestic Policy Advisor Susan Rice speaks during the daily press briefing at the White House in Washington, D.C.

 

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