On Wednesday, staff with the House Oversight Committee will examine suspicious activity reports acquired by the Treasury Department that some believe could show criminal activity involving President Biden’s family.
A spokeswoman for the committee shared with the New York Post that staff will conduct a private review of the documents beginning Wednesday afternoon.
So, what are suspicious activity reports? Banks are required to submit them to the Treasury Department’s Financial Crimes Enforcement Network within 30 days of finding potential criminal activity. Some believe SARs connected to the Bidens could expose details about the family and their business dealings.
The oversight committee’s chairman, Rep. James Comer (R-KY) gave a hint when he alleged the Treasury Department refused to give the committee access to reports submitted by various banks for months before finally doing so on Monday.
“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. 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,” Comer said in a statement. “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.”
The data requested by Comer includes more than 150 suspicious activity reports that CBS News reported last year involved the president’s first son, Hunter Biden, and his brother, James Biden.
On Monday night, Comer alleged that bank documents recently obtained by his office showed a “new Biden family member that’s never before been included in any of these investigations” had dealings with a Chinese energy company in 2017 that saw the Biden family member paid $3 million, the Post reported.
Republicans have continued to allege that work done by Hunter Biden and James Biden in their consulting business is a conflict of interest for the president.
Comer’s recent allegation followed a subpoena he issued for records from Bank of America that pertain to three Biden family associates, CNN reported.
There is no timetable set for when the private review from committee staff will be completed or if subpoenas will be issued for members of the first family.
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