Treasury obstructing investigation into Biden Inc.

AP Photo/Susan Walsh

As we’ve discussed here previously, the House Oversight Committee is looking into various communications and financial transactions related to the Biden family’s involvement with overseas entities from China, Ukraine, Russia, and beyond. (Biden Incorporated.) Or at least they’re trying to look into this. One area of inquiry has been a demand for the Treasury Department to turn over any records of dubious financial transactions involving the President, his Brother Jim, and First Son Hunter. These records, submitted by various banks to the Treasury Department when financial transactions look shady, are known as Suspicious Activity Reports (SARs) and they would probably be a good place to start. But thus far, Janet Yellen’s Treasury Department has failed to produce any records or even a coherent response as to when they might be expected. This has left James Comer flustered and resulted in a letter to the Treasury accusing them of obstruction and “operating in bad faith.” (Daily Wire)

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House Oversight Committee James Comer (R-KY) accused the Biden administration of “operating in bad faith” and obstructing his committee’s investigation into the Biden family’s finances.

Comer said in a letter to the Treasury Department on Monday that the department has been suspiciously slow to respond to committee requests for Suspicious Activity Reports filed over deals members of President Joe Biden’s family made with foreign businessmen.

“During the Committee’s dialogue with Treasury, you have made several excuses for Treasury’s delay regarding this production,” Comer wrote. “Given the amount of time that has passed since our initial request and Treasury’s inability to provide a projected timeframe when the [suspicious activity reports] will be produced, the Committee believes Treasury may be delaying its production to hinder our investigation and operating in bad faith.”

The committee made sure to get the word out to the public on social media.

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The one response that Comer has received thus far came from Treasury deputy assistant secretary for oversight Isabella More. She told the committee that Treasury still needed to “meet with law enforcement partners” due to the “sensitive nature” of the documents being requested.

Excuse me, but since when does the Treasury need to consult with “law enforcement partners” before supplying documents to the Oversight Committee? And precisely which “partners” in law enforcement is she talking about? That wouldn’t be the FBI, would it?

It’s also worth noting that Suspicious Activity Reports didn’t seem to be very hard to find prior to Joe Biden taking office. Not only were such reports found about Donald Trump, but a Treasury official wound up going to jail for leaking them to reporters. James Comer would presumably be receiving them in a classified setting and not blasting them out to the New York Times just to score points on a political opponent.

Yellen can’t possibly try to pretend that this request is coming at her from out of left field and she needs time to get the documents together. (Isabella More told Comer that the process “takes considerable time to complete.”) Does anyone remember this press release that James Comer put out back in July of last year?

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House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) today renewed his request to Department of Treasury Secretary Janet Yellen for information regarding Hunter Biden and other Biden associates and family members’ suspicious foreign business transactions flagged by U.S. banks and called for all documents, communications, and records related to these transactions to be preserved. The Biden Administration has publicly asserted it provides suspicious activity reports (SARs) to Congress, but it is refusing to provide any reports generated for the Biden family and Biden associates to Ranking Member Comer.

They’ve known this was coming for ages. As long as the Democrats controlled the Gavel in the House, Biden and Yellen knew the request wouldn’t go anywhere. But now there’s a new sheriff in town who wants answers. These SARs should have been released to the committee last year but, failing that, they needed to be ready to hand over as soon as McCarthy was handed the gavel.

The Treasury isn’t even denying that such documents exist. They’re just claiming they are “too sensitive.” This is all malarky. This looks like an obvious case of obstruction for political purposes. Again. And Comer is right to call out the Treasury over it.

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Ed Morrissey 12:40 PM | November 21, 2024
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