Hunter Biden: Treasury to give House Oversight access to suspicious activity reports, Comer says
Treasury will give the House Oversight Committee access to suspicious activity reports related to Hunter Biden and the Biden family’s foreign business deals.
The Treasury Department is giving the House Oversight Committee access to suspicious activity reports (SARs) related to Hunter Biden and the Biden family’s foreign business deals, Chairman James Comer said Tuesday.
Comer, R-Ky., wrote to Treasury Secretary Janet Yellen in January, requesting information about the Biden family and their associates’ business transactions flagged by U.S. banks. This week, the agency told the committee it will provide lawmakers with "in camera access" to the requested SARs.
"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."
Hunter Biden has been under federal investigation since 2018 for his tax affairs – an investigation that was predicated, in part, by suspicious activity reports on some foreign transactions. Those SARs involved funds from "China and other foreign nations," sources familiar with the investigation told Fox News in 2020.
Comer has been pressing Treasury for weeks to comply with his request for information. In February, Comer contacted the Treasury Department again to discuss the agency’s "lack of accommodations."
Earlier this month, Comer called on Treasury Department official Jonathan Davidson, who serves as assistant secretary for legislative affairs, to appear before the committee for a transcribed interview "to explain why" the agency had not provided the requested information.
Now that Treasury has agreed to provide access, Davidson’s interview has been postponed, Comer said.
Comer noted that for more than 20 years, Congress "has had access to these reports but the Biden administration changed the rules out of the blue to restrict our ability to conduct oversight."