After reviewing thousands of records submitted by four banks, the House Oversight Committee said in an interim report that some members of the Biden family, associates and their companies received more than $10 million from foreign entities, including payments made during and after President Joe Biden’s vice presidency. . But the White House countered that GOP investigators could not point to a “single Joe Biden policy” that was unduly affected.
A 36-page interim GOP report released by James Comer, chair of the Kentucky Republican Oversight Committee, accused some members of the Biden family and associates of using a “complex network” of more than 20 companies, mostly LLCs formed while Mr. Biden was vice president. , and using “increasing payments over time” to “conceal large financial transactions”.
“Historically, we’ve never seen a presidential family receive this amount of money from an adversary around the world,” Comer said.
White House spokesman Ian Sams responded on Twitter that there was “no evidence of any wrongdoing” by Mr. Biden, adding that “House Republicans have shown no evidence of policy decisions influenced by anything other than the US national interest” and added that ”
“I don’t think anyone in America watching C-SPAN or any other network that covers this would think it’s a coincidence that nine members of the Biden family received money for this influence-peddling scheme,” Comer said.
“We believe the president was involved from the beginning, obviously. We’re continuing to investigate,” he said, though he did not identify any direct or indirect payments to Mr. Biden.
“What we cited today and what we’re updating you on today — results from four banks. We believe there are 12 banks. So right now, you could say we’re in the early stages of this investigation.”
House Republicans emphasized that there are several legislative goals behind their investigation: addressing “deficiencies” in ethics and disclosure laws, strengthening reporting requirements for family members of senior elected officials, and evaluating bank secrecy laws and anti-money laundering laws.
The ranking Democrat on the House Oversight Committee, Jamie Raskin of Maryland, said in a statement that a former business associate and financial adviser to then-Vice President Biden told Republican and Democratic Oversight Committee staff in March 2023 that “he was not aware of any involvement. Much less any transaction related to the conduct of President Biden, the then-Vice President’s bank account, or a business operated by any member of the Biden family.”
Abe Lowell, an attorney for Hunter Biden, suggested, “Instead of redoing old investigations that found no evidence of wrongdoing by Mr. Biden, Republican lawmakers should conduct the same examination of former President Trump and his family’s many entities.”
At the same time, there is a federal investigation into Hunter Biden’s business dealings that began in 2018, led by U.S. Attorney David Weiss of Delaware. A 2019 federal subpoena obtained by CBS News sought financial and business records related to 15 business entities and President Hunter Biden. Brother JamesAs well as the two business partners in 2014 when Joe Biden was vice president.
Two sources familiar with the matter recently confirmed to CBS News that the attorney for the IRS whistleblower who alleged that the Justice Department interfered and mishandled the criminal investigation into Hunter Biden. Met with members of Congress last week on behalf of his client.
The meeting was described as a proffer session with the House Ways and Means and Senate Finance Committees to lay the groundwork for what the whistleblower can tell investigators and how he can do so without abusing taxpayer privacy laws.
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Kathryn Herridge
