President Trump’s nominee for secretary of the Navy is expected to remove his name from consideration, according to reports on Sunday.
Philip Bilden has run into problems with his financial holdings and is unlikely to meet the standards of the Office of Government Ethics, Politico and the US Naval Institute reported.
From The New York Post
The private-equity investor, nominated Jan. 25, has extensive financial interests, much of which he accumulated while living in Hong Kong, the Naval Institute reported.
If Bilden withdraws, it would be the second Pentagon pick caught up in financial ethics concerns.
Vincent Viola, the billionaire owner of the NHL’s Florida Panthers, withdrew his nomination as Army secretary earlier this month amid his own business entanglements.
Bilden, who attended Georgetown University on an ROTC scholarship, was a military-intelligence officer in the US Army Reserve from 1986 to 1996, when he moved to Hong Kong and resigned his post, the Naval Institute reported.
He was reportedly Defense Secretary James Mattis’ preferred candidate.
Just last week, White House spokesman Sean Spicer shot down talk that Bilden might withdraw.
“Just spoke with him and he is 100% committed,” Spicer tweeted.