Pressure is mounting on President-elect Donald Trump to cut ties to his business before he takes office Jan. 20.
Representatives from several organizations handed in a petition at Trump Tower in Manhattan on Dec. 15 which had been signed by 400,000 people, Daily Mail reported.
The petition urged Trump to place the assets of his global property company into a blind trust during his presidency.
Democratic Sen. Elizabeth Warren of Massachusetts announced she would be introducing a Senate bill in January to compel Trump to do this.
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“Placing assets in a true blind trust has been the standard for previous presidents. Our bill makes clear we expect Trump to do the same,” Warren wrote on Twitter.
Public Citizen was one of the organizations involved in the petition drive.
“A second grader could see that the only solution to this problem is for President-elect Trump to sell off the family business, yet there is no sign he intends to do this,” said president Robert Weissman.
The Senate bill, which is backed by four other Democrats, would force Trump to divest assets that would cause a conflict of interest and place the proceeds in a blind trust. It would also order his appointees to stay out of any decision that could benefit his company.
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“The American people deserve to know that the president of the United States is working to do what’s best for the country -- not using his office to do what’s best for himself and his businesses,” a statement from Warren added, Politico reported.
The bill makes reference to potential impeachment proceedings if Trump fails to comply.
The legislation is unlikely to be passed by Congress because the Republicans control both houses.
Trump has previously indicated he will hand over the running of his business affairs to his adult sons, Eric and Donald Jr, after he enters the White House.
The president-elect was due to make a statement about his business arrangements on Dec. 15, but postponed the appearance in favor of an unspecified date in January.
“I think the priority here is to make sure we get it right and if that takes a little bit more time, then I think the American people understand that,” a Trump spokesman said.