DIVESTMENTS

In order to comply with federal ethics laws and after consulting the Office of Government Ethics, Kushner will take a number of steps to divest substantial assets, Gorelick said.

Kushner will resign from his positions as chief executive of the Kushner Companies and as publisher of the New York Observer newspaper and divest from any interests in the New York Observer, Thrive Capital, the 666 Fifth Avenue office building in midtown Manhattan and any foreign investments.

In addition, Kushner will recuse himself from participating in matters that could have a direct effect on his remaining financial interests.

Those interests include real estate in the New York area, Ivanka Trump's interest in the new Trump hotel in Washington and the Ivanka Trump Brand fashion business, the officials said. Kushner will file a public financial disclosure form.

Norman Eisen, a former ethics chief under President Barack Obama, said in an email that Kushner's ethics and disclosure moves appeared to be a "positive step."

"I hope his father-in-law takes a page from his book and does the same, as presidents have for the past four decades, by divesting into a blind trust or the equivalent," Eisen said.

The president-elect has said he would transfer control of his business to his children, but he has given no details. A planned news conference in December on the topic was canceled. Trump is expected to take questions from reporters this week.

Ivanka Trump will not participate in the management or operations of the Trump Organization, which she has helped run along with her two adult brothers. She also will not participate in running the Ivanka Trump brand or fashion business.

She will divest significant assets including all common stock and resign from all officer and director positions she holds in the Trump Organization.