At his first press conference since being elected president, Donald Trump introduced an attorney to explain the steps he is taking to avoid conflicts of interest related to his various businesses. 

Sheri Dillon discussed the Constitution's emoluments clause, which prohibits elected officials from accepting gifts from foreign governments. 

Dillon said some critics have misinterpreted the clause to argue that it would cover foreign payments at a Trump hotel.

She declared that Trump is not required by the Constitution to take any action regarding his hotels, but is doing so anyway to avoid any possible appearance of a conflict of interest. 

"He is going to voluntarily donate all profits from foreign government payments made to his hotels to the United States Treasury. This way it is the American people who will profit," she said.

Watch the announcement above.

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