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Company advised by Trump sons said it hoped to benefit from fed money

Eric Trump and Donald Trump Jr are getting "founder shares" worth millions of dollars in New America Acquisition 1 Corp., a company with no operating business that hopes to fill that hole by purchasing an American company that can play "a meaningful role in revitalising domestic manufacturing", according to the filing

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Donald Trump. Pic/AFP

Donald Trump. Pic/AFP

A public document filed by a company that just hired President Donald Trump's two oldest sons as advisers included a sentence early on Monday that said it hoped to benefit from grants and other incentives from the federal government, which their father happens to lead. But when The Associated Press asked the Trump family business about the apparent conflict of interest, the document was revised and the line taken out.

Eric Trump and Donald Trump Jr are getting "founder shares" worth millions of dollars in New America Acquisition 1 Corp., a company with no operating business that hopes to fill that hole by purchasing an American company that can play "a meaningful role in revitalising domestic manufacturing", according to the filing. The president has geared his trade policy toward boosting manufacturing in the US.

The original version of the securities filing said the target company should be "well positioned" to tap federal or state government incentives. That reference was taken out of the revised version. The Trump Organisation did not reply to a question about whether New America still planned to benefit from government programmes or why the line was cut. But the outside law firm Paul Hastings that helped prepare the document sent an email to AP saying it was a "mistake" made by "scriveners", an old term for transcribers of legal papers.

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