“We’ve never seen this kind of wealth in the White House and so traditional rules don’t work,” Newt Gingrich said. | Getty Gingrich: Congress should change ethics laws for Trump

Newt Gingrich has a take on how Donald Trump can keep from running afoul of U.S. ethics laws: Change the ethics laws.

Trump is currently grappling with how to sufficiently disentangle himself from his multibillion-dollar business to avoid conflicts of interest with his incoming administration, and the president-elect has already pushed back a promised announcement of an ethics firewall.

Gingrich, the former speaker of the House and one-time potential running mate for Trump, says Trump should push Congress for legislation that accounts for a billionaire businessman in the White House.

“We’ve never seen this kind of wealth in the White House, and so traditional rules don’t work,” Gingrich said Monday during an appearance on NPR’s "The Diane Rehm Show" about the president-elect’s business interests. “We’re going to have to think up a whole new approach.”

And should someone in the Trump administration cross the line, Gingrich has a potential answer for that too.

“In the case of the president, he has a broad ability to organize the White House the way he wants to. He also has, frankly, the power of the pardon,” Gingrich said. “It’s a totally open power. He could simply say, ‘Look, I want them to be my advisers. I pardon them if anyone finds them to have behaved against the rules. Period. Technically, under the Constitution, he has that level of authority.”

Trump now says he’ll roll out an ethics strategy next month, a plan that — per Trump’s own tweets — will include handing over the management of his real estate and investment portfolio to his two adult sons and a team of longtime executives. But key details of the Trump plan also remain a work in progress, prompting suggestions from outside Trump Tower that range from a complete selling off for all Trump assets to Gingrich’s call for a sweeping review of the country’s ethics laws themselves.

Gingrich — who says he is not joining Trump's administration — didn’t provide many details for what a new approach would entail, other than reiterating his support for an outside panel of experts Trump should convene that would regularly monitor how his company and government are operating and “offer warnings if they get too close to the edge.”

The former Georgia GOP lawmaker did concede Trump and the Republican-controlled Congress can’t ignore the potential ethical challenges facing the president, including the Constitution’s emoluments clause, which prohibits U.S. government employees from taking payments from foreign governments or the companies they run.

“It’s a very real problem,” Gingrich said. “I don’t think this is something minor. I think certainly in an age that people are convinced that government corruption is widespread both in the U.S. and around the world, you can’t just shrug and walk off from it.”

But Gingrich said Trump is on solid political ground as he prepares to take the White House while maintaining ownership of his business. In fact, Gingrich argued that Trump’s résumé and financial history were among the reasons why the Republican won the presidential election.

“I think there was a general sense that the president had the ability, that this was going to be a billionaire presidency. I don’t think anyone who voted for him was not aware that he was a very, very successful businessman,” he said.

Gingrich also argued that Americans shouldn’t be surprised that there are certain changes that Trump shouldn’t be expected to make, including giving up licensing on his iconic last name or his communications with his adult sons, Eric and Donald Jr., who are slated to take over the business.

“You can’t say the Trump Tower is not the Trump Tower, or the Trump hotel is not the Trump hotel. And you can’t say that the kids who run it aren’t his children,” Gingrich said.

But it was Gingrich’s suggestion that Trump could sidestep potential problems inside his administration — through his constitutional right to issue pardons — that prompted an incredulous reply from the NPR program’s host and two of her guests.

“That level of authority strikes me as rather broad and perhaps ought to be in the hands of Congress rather than within his own hands,” said Rehm, who is set to retire at the end of this week after a more than 30-year run.

“Speaker Gingrich’s statement that wealth trumps the rule of law, basically that’s what he was saying, is jaw-dropping,” added American University government professor James Thurber. “I can’t believe it. He’s a historian. He should also know that we did not want to have a king. A king in this case is somebody with a lot of money who cannot abide by the rule of law."

Richard Painter, a former George W. Bush White House ethics lawyer, said Gingrich was off on his reading of the Constitution. “If the pardon power allows that, the pardon power allows the president to become a dictator, and even Richard Nixon had the decency to wait for his successor to hand out the pardon that he received for his illegal conduct,” Painter said. “We’re going down a very, very treacherous path if we go with what Speaker Gingrich is saying, what he is suggesting.”