The Republican-led House Oversight Committee has been going after the Treasury Department, trying to get ahold of documents and information related to Hunter Biden and his associates.
Yesterday we reported the Committee has subpoenaed the bank records and was pushing Treasury for information on Hunter Biden’s associates. Rep. Jamie Raskin, ranking Democrat on the House Oversight Committee, announced that the panel had subpoenaed Bank of America. The Committee appears to be looking for financial records related to three Biden associates who were involved with the family’s joint venture with CEFC, the now-defunct Chinese energy firm.
The continued pressure from the Committee has been part of a larger back-and-forth between House Republicans and the Biden administration. The Treasury Department’s refusal to cooperate forced the Committee to postpone a hearing set for last Thursday.
But, Rep. James Comer, who chairs the Committee, has announced that the Treasury Department is now cooperating.
🚨 @USTreasury has caved.
It should never have taken @GOPoversight threatening to hold a hearing and a transcribed interview with an official under the penalty of perjury for Treasury to finally provide access to suspicious activity reports generated by the Biden family.👇🏼 https://t.co/4uDJJuduUr
— Rep. James Comer (@RepJamesComer) March 14, 2023
More via National Review:
Comer said in a statement to National Review that the department’s decision to share the reports — which financial institutions are required to file when they detect unusual transactions that could signal illegal activity — comes after Treasury officials previously spent two months “dragging their feet.”
Comer first demanded information from Treasury Secretary Janet Yellen about the Biden family and their associates’ suspicious business transactions in a letter on January 11.
On March 7, Comer asked Jonathan Davidson, the department’s assistant secretary for legislative affairs, to submit to a transcribed interview with committee staff on March 14 to explain why the department had still not turned over the requested information weeks after the initial deadline of January 25. That interview is postponed now that the department is providing access to the reports, the committee said.
The investigation into Hunter Biden and his business dealings is only part of the picture here. The other part is his father, President Joe Biden, and his role in those dealings.
Information obtained from Hunter Biden’s laptop has shown references to his father (sometimes referred to as “the Big Guy“). Republicans have long questioned just how involved with Hunter’s business ventures Joe Biden really was. But Democrats continue to blast the investigations into the Biden family business as politically-motivated – or, as former President Donald Trump might say, a “witch hunt.”
CBS News previously reported that there were more than 150 suspicious activity flags on the president’s brother and son, James and Hunter.
Join the conversation as a VIP Member