The House Oversight and Accountability Committee, which is investigating Hunter Biden, will have access to bank records related to Joe Biden's son's alleged illicit business dealings with China or Russia.
James Comer, chairman of the committee, announced that the Department of the Treasury (DOT) will grant them so-called suspicious activity reports to facilitate the congressional investigation.
🚨 @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
"After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates’ business transactions," Comer said. "It should never have taken us threatening to hold a hearing and conduct a transcribed interview with an official under the penalty of perjury for Treasury to finally accommodate part of our request. For over 20 years, Congress had access to these reports but the Biden Administration changed the rules out of the blue to restrict our ability to conduct oversight."
"Hundreds of thousands of dollars in payouts went to members of the Biden family"
About a month ago, Comer was able to get Eric Schwerin, Hunter Biden's former partner, to cooperate with the Oversight and Accountability Committee and turn over information to them. Initial investigations have already shown that a company connected to Joe Biden's son received a substantial wire transfer from a Chinese company.
"According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million wire from a Chinese energy company two months after Joe Biden left the vice presidency," Comer said. "Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family. We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat."
In addition, the chairman of the Oversight and Accountability Committee stated that "if Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance."
