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Biden plans to shutter charity organization upon entering 2020 race: report

Biden plans to shutter charity organization upon entering 2020 race: report
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Former Vice President Joe BidenJoe BidenBiden adds to vote margin over Trump after Milwaukee County recount Krebs says allegations of foreign interference in 2020 election 'farcical'  New DOJ rule could allow executions by electrocution, firing squad MORE plans to close his foundation when he enters the 2020 presidential race, The New York Times reported Monday, citing people briefed on the matter.

Biden and his wife, Jill, launched the Biden Foundation in 2017. According to the Times, the organization would likely suspend its activities immediately after Biden jumps into the race, followed by a gradual dismantling of the charity group.

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By shuttering the charity, the Times reported, Biden would be likely to avoid questions about possible conflicts of interest as a candidate.

A spokesperson for Biden did not immediately respond to a request for comment from The Hill. Spokespeople for Biden and for the foundation declined to comment to the Times.

Closing the charity organization could help Biden avoid some of the questions and criticism that Democratic presidential nominee Hillary ClintonHillary Diane Rodham ClintonValadao unseats Cox in election rematch Trump says he'll leave White House if Biden declared winner of Electoral College Federal workers stuck it out with Trump — now, we're ready to get back to work MORE faced in 2016 over her charity, the Clinton Foundation. Watchdog groups at the time warned of possible conflicts of interest, as did President TrumpDonald John TrumpBiden adds to vote margin over Trump after Milwaukee County recount Krebs says allegations of foreign interference in 2020 election 'farcical'  Republicans ready to become deficit hawks again under a President Biden MORE, when Clinton did not shutter the foundation while seeking the White House.

The Atlantic reported on Friday that Biden will enter the race this week and has already recorded a video announcement. Biden has begun to accept campaign donations ahead of his likely announcement.

Biden has long been expected to launch his third White House bid. Polling has consistently shown he is at or near the top of Democratic field of candidates.