Federal officials are required to sell assets and investments that they could influence through their work for the U.S. government. The Treasury Sec, who has referred to himself as a “soybean farmer,” drew criticism from ethics watchdogs earlier this year for being slow to sell the properties.

“I’m involved in the agriculture industry. I run a soybean farm,” Mr. Bessent said on the CBS program “Face the Nation,” before adding, “I actually just divested it this week as part of my ethics agreement, so I’m out of that business.”