DEPARTMENT OF THE TREASURY WASHINGTON, D.C. 20220 May 23, 2017 The Honorable Ron Wyden Ranking Member Committee on Finance United States Senate Washington, DC 20510 Dear Senator Wyden: I write in response to your letter of May 10, 201 7, concerning the ethics agreement entered into by Secretary Mnuchin in advance of his confirmation. Secretary Mnuchin completed a comprehensive ethics agreement that was approved by the Office of Government Ethics and provided to the Senate Finance Committee on January 10, 2017. Secretary Mnuchin is in full compliance with the divestiture schedule set forth in that agreement, including a supplemental agreement entered into on February 1, 2017. Your letter inquires specifically about Ratpac-Dune Entertainment Holdings LLC. The ethics agreement provides for divestiture of the Secretary's entire interest in that asset within 120 days of confirmation, and the process of completing that divestiture is underway. When Secretary Mnuchin resigned from Dune Entertainment prior to confirmation, his fiancee Louise Linton was named interim CEO in an uncompensated capacity. She has no personal financial interest in Dune Entertainment or its related entities and will resign from this role with completion of the scheduled divestiture. Ms. Linton's financial interests were disclosed to the Designated Agency Ethics Official in advance of the Secretary's confirmation. Please contact me if you have additional questions concerning this matter. Sincerely, ~~-"7'Jtl- v hew Kellogg Deputy Assistant Secretary Office of Legislative Affairs cc: Mr. Walter M. Shaub, Jr.