Commentary, Politics, The White House

Congressman Forces Treasury To Release Reports Showing Biden Family Made Millions from Chinese

Posted on by Kelly McCarthy
After a long battle with them, House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) issued the following statement after the U.S. Department of the Treasury finally agreed to provide the committee in camera review of the suspicious activity reports generated by the Biden family and their associates’ unusual foreign or high-dollar transactions: “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. 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. “According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency. 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. If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance.” On January 11, 2023, Chairman Comer wrote to Treasury Secretary Janet Yellen for information about the Biden family and their associates’ suspicious business transactions flagged by U.S. banks. On February 24, 2023, Chairman Comer sent a letter to the Treasury Department outlining its lack of accommodations. On March 7, 2023, Chairman Comer called on a Treasury Department official to appear for a transcribed interview to explain why the Treasury Department has not provided the requested information. Now that the Treasury Department is providing in camera (private) access to the suspicious activity reports, the Oversight Committee’s transcribed interview with Jonathan Davidson, Assistant Secretary for Legislative Affairs, is postponed. The Kentucky Republican has been seeking the bank records, known as Suspicious Activity Reports (SARs), as part of his probe into the Biden family business dealings. These include Biden family members: Hunter Biden, and the president’s brother and sister-in-law, James and Sara Biden. He as also subpoenaed Bank of America for additional bank records for three former associates of Hunter Biden, President Joe Biden’s son – John “Rob” Walker, Eric Schwerin and Devon Archer, as well as any corporate entities linked to them. .  CNN “For the past two years, the Biden Administration and Big Tech worked overtime to hide information about the Biden family’s suspicious business schemes and Joe Biden’s involvement. Now that Democrats no longer have one-party rule in Washington, oversight and accountability are coming. For years, the Biden family peddled influence and access around the world for profit, often at the expense of our nation’s interests. The American people must know the extent of Joe Biden’s involvement in his family’s shady business deals and if these deals threaten national security and his decision-making as president. This investigation is a top priority for House Republicans during the 118th Congress. The investigation will inform legislative solutions to protect Americans’ First Amendment right to freedom of speech and press and prevent public officials and their family members from using public office to enrich themselves,” said Chairman Comer.

Scope

The Biden family business received a $3 million wire transfer from a Chinese energy company and subsequent payments after President Joe Biden left the vice presidency in 2017, House Oversight Committee Chair James Comer (R-KY) announced upon receiving suspicious activity reports from the Treasury this week. U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money flagged for further review. According to a 2020 Senate report, SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.” Breitbart According to media reports, more than 150 of Hunter Biden and the Biden network’s international business transactions have generated suspicious activity reports (SARs) by U.S. banks for further review by the Treasury Department to determine if there is illegal activity or a threat to national security. The Treasury Department’s longstanding practice was to provide these reports to Congress, but the Biden Administration has restricted access to them, raising questions about a possible effort to hide the Biden network’s suspicious business dealings. Last Congress, then-Ranking Member Comer repeatedly requested the Biden family and their associates’ SARs, but Biden’s Treasury Department refused to provide the requested information. In December 2022, then-Ranking Member Comer requested several Twitter employees who were responsible for censoring the New York Post’s reporting about the Biden family’s influence peddling to testify before the House Oversight Committee. Today’s letters to Vijaya Gadde, James Baker, and Yoel Roth, renew this request.