Republicans on the House Oversight Committee, led by Chairman James Comer (R-KY), have been seeking access to so-called “suspicious activity reports” filed by banks with regard to President Joe Biden’s family that have been kept under wraps by the Treasury Department.
On Tuesday, Rep. Comer announced that he had finally been granted access to those reports by Treasury as well as that he had learned of new information that appears to directly connect the Biden family with the Chinese Communist Party, the Daily Wire reported.
The Kentucky congressman further revealed in an interview this week he has also learned of the involvement of a “new” Biden family member in the questionable China-linked transaction that “really changes things” for his committee’s ongoing investigation.
Request finally granted
“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,” Chairman Comer said in a Tuesday press release. “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,” he continued.
“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,” Comer said. “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,” the congressman added. “If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance.”
The Treasury Department’s stonewalling
The committee’s press release noted that Chairman Comer first requested access to the Biden family’s Suspicious Activity Reports, which are red flags filed by U.S. banks to denote potentially suspicious transactions, in a January 11 letter to Treasury Sec. Janet Yellen, but received no response.
Comer then sent another letter to Yellen in late February about the department’s “lack of accommodations” for his request, followed by a third letter in early March that essentially threatened to subpoena a top Treasury official for a transcribed interview to try and determine the information that the committee has sought.
That threatened hearing has now been indefinitely postponed after the Treasury Department agreed to allow for “in camera” — in other words, in private — viewing of the requested SARs related to the Biden family.
Former Biden associate, “new” Biden family member exposed
Rep. Comer also on Tuesday appeared on Fox News to share some of what he had recently learned and divulged that the “Biden associate” referenced in the above statement was a former Hunter Biden business associate named John “Rob” Walker, who had received a wire transfer of $3 million from two CCP-linked individuals just two months after then-former Vice President Joe Biden had left office in 2017.
According to the records the committee now possesses from Walker, that $3 million was then divvied up the very next day and distributed among several members of the Biden family, including a “new” member of the family that has never before been mentioned or seen in the ongoing investigation.
Comer would not say who, exactly, that person is, but noted that they were not President Biden’s son or brothers, but that their addition into the mix “really changes things.” He also noted that the Walker wire was just the first of many suspicious transactions that he has significant questions about.
Where the investigation goes from here is unclear, and will likely depend upon if the committee’s review of the requested SARs unveils anything that hasn’t been known before or confirms what has long been suspected — that the president has been compromised by the Chinese Communist Party through his family’s apparent influence-peddling.