House Oversight panel will hold hearing on probe into Biden family financial dealings

House Oversight Chairman James Comer, seen here on February 8, announced that his panel will hold a hearing on a probe into President Joe Biden’s family financial dealings. | Alex Wong, Getty Images via CNN
(CNN) — House Oversight Chairman James Comer announced that his panel will hold a hearing next Friday to spotlight the Treasury Department’s failure to provide bank activity reports for President Joe Biden’s son Hunter, presidential brother James Biden and several Biden family associates and their related companies.
The bank activity reports in the Treasury Department’s custody have long been a top target for Comer, a Kentucky Republican who has vowed to investigate the Biden family’s financial transactions and foreign business dealings. Although his requests went unanswered when House Republicans were in the minority, Comer is making this effort a top priority for the Oversight panel now that he holds the powerful committee gavel.
Comer, in one of his first moves as chairman, made a renewed request to the Treasury Department on January 11 for the bank reports, also known as suspicious activity reports. He asked to be supplied with the information by January 25. Comer later sent an official request to Hunter Biden, James Biden and a close associate of Hunter Biden’s for documents related to their foreign business dealings.
Last week, Comer wrote a letter to a Treasury Department official spelling out the ways in which committee Republicans had tried to modify their request. He outlined his willingness to view the reports in a restricted way and to prioritize the requests and accept the reports on a rolling basis.
“Given the amount of time that has passed since our initial request and Treasury’s inability to provide a projected timeframe when the SARs will be produced, the Committee believes Treasury may be delaying its production to hinder our investigation and operating in bad faith,” Comer wrote to Isabella More, the deputy assistant secretary for oversight at the Treasury Department, on February 24.
Comer cited an email from the Treasury Department on February 23 that said it must “confer with law enforcement partners, who may identify particular law enforcement conflicts or sensitivities” and that the “entire process takes considerable time to complete.” CNN has not obtained this email.
Comer has previously pointed to the suspicious activity reports as evidence of potential wrongdoing by the President’s family members. But such reports are not conclusive and do not necessarily indicate wrongdoing. Financial institutions file millions of suspicious activity reports each year and few lead to law enforcement inquiries.
In a statement about the upcoming hearing, Comer said, “Biden’s Treasury Department continues to make excuses for its failure to provide the suspicious activity reports that are critical to our investigation of the Biden family’s business schemes.”
The Treasury Department’s assistant secretary for legislative affairs, Jonathan C. Davidson, is expected to testify at the hearing Friday.
“At next week’s hearing, a Treasury Department official can explain to Congress and the American people why the department is hiding critical information,” Comer said in his statement.
The-CNN-Wire
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