The House Oversight Committee has reportedly subpoenaed Bank of America for records concerning Hunter Biden’s business dealings, according to Fox News.
The outlet reports that House Oversight Chair James Comer (R-KY) has subpoenaed the bank for “all financial records” from three Hunter Biden business associates dating to 2009.
JUST IN – The House Oversight Committee has subpoenaed Bank of America for records related to Hunter Biden’s business dealings, Fox News reports
— Insider Paper (@TheInsiderPaper) March 13, 2023
House Oversight chair Rep. James Comer has reportedly subpoenaed Bank of America asking for records relating to three of Hunter Biden’s business associates. https://t.co/8L7jATUoIY
— NEWSMAX (@NEWSMAX) March 13, 2023
Fox News had the scoop:
“The Oversight Committee has subpoenaed and obtained financial records related to the Biden family’s influence peddling,” a committee spokesperson told Fox News Digital. “These documents solidify our understanding of several areas of concern and have opened new avenues of investigation about the Biden family’s business schemes.”
The news of the subpoena first surfaced in a letter sent this week by committee Ranking Member Jamie Raskin, D-Md., to Comer, alleging that Republicans on the panel are not conducting a fair investigation and instead are conducting “political opposition research on behalf of former President Trump.”
Raskin said the GOP subpoena “required Bank of America to produce ‘all financial records’ for three private individuals from January 20, 2009, to the present — a staggering 14-year period.”
“To justify this roving congressional inquisition into the affairs of at least one private American citizen, you have offered that, ‘[b]y 2017, Biden family members and their associates, including John R. Walker, formed a joint venture with CEFC China executives,’ a reference to a now-bankrupt Chinese energy conglomerate,” Raskin wrote. “Despite this limited justification, you compelled the production of and obtained thousands of pages of Mr. Walker’s private financial information, including statements of his and his wife’s joint checking account for a decade.”
Bank of America has since turned over a number of materials, CNN reported, citing an unnamed source.
According to the letter, the subpoena specifically targets John Robinson “Rob” Walker and other associates of President Joe Biden’s son, who formed a “a joint venture” with executives of CEFC China Energy, a now-bankrupt Chinese energy conglomerate, CNN reported.
The subpoena marks an escalation in Comer’s probe into the Biden family’s business dealings, the news outlet noted.
Comer has prioritized accessing financial information for the Biden family and its business associates to investigate alleged influence peddling — particularly surrounding any of the Biden family’s foreign business deals.
The President has denied any involvement in his son’s overseas business dealings.
A House Oversight GOP spokesperson told CNN the purpose of Raskin’s letter was to “get ahead of the information the Oversight Committee is receiving in its investigation of the Biden family’s influence peddling.”
On Sunday, House Oversight Chair Rep. James Comer said the committee has documents showing the Biden family received funds from the Chinese Communist Party.
House Oversight Chair James Comer Says Committee Has Documents Financially Linking Biden Family & Chinese Communist Party