Carl Icahn steps down as regulatory adviser to Trump

By Lydia Wheeler, The Hill.

Investor Carl Icahn announced Friday that he is stepping down from his role as special adviser to President Trump on issues relating to regulatory reform.  

Icahn, who owns a substantial stake in the oil and refining company CVR Energy, said in a letter to Trump on Friday that he is choosing to “end this arrangement (with your blessing) because I did not want partisan bickering about my role to in any way cloud your administration or Ms. Rao’s important work,” referring to newly minted Office of Information and Regulatory Affairs Administrator Neomi Rao. 

“While I do not know Ms. Rao and played no part in her appointment, I am confident based on what I’ve read of her accomplishments that she is the right person for this important job.” he said.

Earlier this year six Senate Democrats, including Sens. Al Franken (D-Minn.) and Elizabeth Warren (D-Mass.), reportedly called on the White House Counsel to investigate Icahn’s refusal to divest his private sector interests, citing conflicts of interest, after reports Icahn had worked closely on a planned executive order to overhaul the Environmental Protection Agency’s Renewable Fuel Standard.