- Rep. James Comer announced the Treasury Department granted access to review Hunter Biden records.
- The suspicious activity reports, which banks provide Treasury, don’t necessarily reveal wrongdoing.
WASHINGTON – The Treasury Department has agreed to allow House investigators to review suspicious banking reports about the president’s son, Hunter Biden, and his business associates, a key House committee chairman announced Tuesday.
The agreement came after Rep. James Comer, head of the Oversight and Accountability Committee, made several requests for the documents and had been rebuffed.
“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, R-Ky., said in a statement.
Treasury Department officials said they engaged in multiple rounds of consultation with the committee but had to protect the privacy of the records and consult with law enforcement officials before granting access. Democrats on the panel have criticized the inquiry as hyper-partisan. The White House has dismissed the investigation as politically motivated.
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Here is what we know about the investigation:
What are suspicious activity reports?
Despite the name, suspicious activity reports in banking don’t necessarily suggest criminal activity. The reports cover transactions above $5,000 for potential additional review. The Treasury Department received an estimated 3.6 million of the reports last year.
Comer has asked Treasury Secretary Janet Yellen for 150 alerts from U.S. banks about transactions involving Hunter Biden and the president’s brother James Biden.
Comer also seeks reports connected to James’ wife Sara Biden, business associates John “Rob” Walker, Eric Schwerin, Devon Archer and corporate entities Rosemont Seneca Advisors, Rosemont Seneca Partners, Rosemont Seneca Technology, RSTP II Alpha Partners, RSTP II Bravo and Equity Distribution Trust,