According to the journal's report on Chao's finance forms and related documents, the Trump Cabinet official has maintained his position in Vulcan Materials Holdings, which has earned more than $ 40,000 over the past year.
A Department of Transportation spokesman told CNN on Tuesday that "departmental ethics officials have been working to clarify the term" cash payout "in the agreement to match what the company actually did" and maintained that Chao had followed its agreements to resign from the Vulcan Materials Board and to "not engage in direct and foreseeable impact issues" on the company.
A transport spokesman told the journal that the ethics agreement was defective and that the department's ethics official stated that Chao owns the shares was not a conflict of interest. The spokesman spokesman told CNN that the department's designated agency's ethics officer had ruled that holding the stock did not present any conflict of interest and that Chao would continue to be disqualified from "Vulcan issues" while holding the stock.
The journal also quoted OGE's former leader, Walter Shaub, saying it was probably not a legal conflict of interest. However, Shaub also told the journal: "For the head of DOT to have a financial interest in an asphalt company, it does not send a message to the DOT employees that she puts ethics in priority."
Chao is married to Senate Majority Leader Mitch McConnell, whose financial records are also mentioned.