Donald Trump’s tax attorney Sheri Dillon announced this afternoon that President-elect Trump would be donating all profits generated by foreign government payments to his hotels to the U.S. Treasury. The move is part of an effort to avoid conflicts of interest during Trump's tenure as president.

Just like with conflicts of interest, he wants to do more than what the Constitution requires," Dillon said during a press conference at Trump Tower. "So President-elect Trump has decided, and we are announcing today, that he is going to voluntarily donate all profits from foreign government payments made to his hotels to the United States Treasury. This way it is the American people who will profit."

Dillon also added that Trump and his advisors did not believe that foreign governments paying for a hotel room would fall under the so-called emoluments clause of the U.S. Constitution, which states that "no person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress , accept of any present, Emolument, Office or Title, of any kind whatever, from any King, Prince or foreign state."