The top Democrats on eight House committees sent a letter to the Commerce Department's inspector general on Wednesday requesting an investigation into conflicts of interest and potential false statements made by Secretary Wilbur Ross Wilbur Louis RossTrump admin asks Supreme Court to fast-track excluding people in U.S. illegally from census Trump 'very happy' to allow TikTok to operate in US if security concerns resolved TikTok, WeChat to be banned Sunday from US app stores MORE.

The lawmakers who signed the letter include Reps. Maxine Waters Maxine Moore WatersPowell, Mnuchin stress limits of current emergency lending programs Pelosi: House will stay in session until agreement is reached on coronavirus relief Omar invokes father's death from coronavirus in reaction to Woodward book MORE (Calif.) and Elijah Cummings Elijah Eugene CummingsBlack GOP candidate accuses Behar of wearing black face in heated interview Overnight Health Care: US won't join global coronavirus vaccine initiative | Federal panel lays out initial priorities for COVID-19 vaccine distribution | NIH panel: 'Insufficient data' to show treatment touted by Trump works House Oversight Democrats to subpoena AbbVie in drug pricing probe MORE (Md.), the ranking members on the Financial Services and Oversight and Government Reform committees, respectively.

ADVERTISEMENT

The letter references news reports that Ross shorted stock in Navigator Holdings after learning that journalists were planning a story about his ties to the Russian-linked company. It also cites media reports saying Ross did not properly divest his assets upon taking office.

“Rather than fully divesting these assets as he committed to do in his confirmation hearings, Secretary Ross appears to have placed certain assets into a trust that benefits his family members,” the lawmakers wrote to Peggy Gustafson, the Commerce Department's IG.

“Secretary Ross’s holdings in Navigator, his sale of those holdings, and his lack of transparency with regard to those holdings, are especially troubling given that he is responsible for promoting the interests of U.S. companies and for implementing sanctions against Russia," they added. “American taxpayers deserve assurances that Secretary Ross can serve the public trust in a manner that is unbiased and free from conflicts of interest."

President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE has reportedly considered replacing Ross, 80, and said the Cabinet secretary and longtime friend is "past his prime" and "no longer a killer," according to Politico.

In a statement, the Commerce Department said that Ross's transactions fully complied with ethical guidelines and countered claims that he has been given less responsibility in the administration.

"The Secretary continues to follow the guidance of Department of Commerce ethics officials to ensure compliance with federal laws and regulations," said James Rockas, a spokesman for the agency in an email, who added that "ethics officials have certified that the transactions documented are in compliance with federal ethics requirements."

"The President has been giving the Secretary more and more responsibilities including, but not limited to, a succession of space policy directives giving him a leading role in the commercial development of space and space traffic management. He also directed him to protect our most important technologies by examining export controls," he added.