The U.S. Treasury Department finally agreed to relinquish its hold on “suspicious activity reports” related to Hunter Biden and the Biden family business.
This followed a request two months ago by House Oversight Committee Chairman James Comer (R-KY). His letter to Treasury Secretary Janet Yellen requested details of the Biden’s finances.
The Department of Treasury is now complying and giving us access to 150 Suspicious Activity Reports related Hunter Biden’s finances.
The walls are closing in on him and the Biden family.
— Rep Andy Biggs (@RepAndyBiggsAZ) March 15, 2023
In particular, the Republican asked for records of the many business transactions by the Biden family and their associates that were flagged by U.S. banks.
The Treasury just now responded and agreed to give the committee “in camera access” to the documents.
Comer accused the department of “dragging their feet” before finally coming through with a positive response. “It should never have taken us threatening to hold a hearing and conduct a transcribed interview with an official under the penalty of perjury” to have the request accommodated.
What the records will reveal is anybody’s guess, but there could be explosive details of the foreign business dealings of both Hunter Biden and presidential brother James Biden.
Congressional critics believe that the reports, which were first requested in 2022 when Comer was a ranking committee member, may shed light on the Biden family’s financial relationships with several countries.
They include China, Russia, Ukraine, and possibly others.
Comer noted that the rules allowed access to these suspicious activity reports for over two decades. It was only when the Biden administration came to power that protocols changed to restrict oversight.
The Treasury Department is requiring that the records be viewed in private, though it is not certain if revelations of what they contain are prohibited.
Comer explained that one key transaction the committee wants to scour in the documents is the $3 million wire that a company owned by a Biden associate received just two months after he left the vice presidency. They originated from a Chinese energy firm.
Those funds were disbursed in large payments to members of the Biden family. The committee chair wants to know if the president is thus compromised.
The top Democrat on the Oversight Committee, Rep. Jamie Raskin of Maryland, said Monday that Comer issued a subpoena to Bank of America. The objective was 14 years of financial records concerning Hunter Biden’s business associates.
One recent source of frustration for the panel is the New York art gallery owner’s failure to identify buyers who shelled out up to $500,000 for the first son’s artwork. But House Republicans keep digging, and their search will inevitably uncover what may be an unpleasant truth.