Republican accuses Treasury Department of backing for Biden family

James Comer, member of the House Committee on Oversight and Reform Ranking, a Kentucky Republican, on Saturday accused the Treasury Department of covering up the Biden family after the department refused to provide access to “reports of suspicious activity” about Hunter Biden .

“It is unacceptable that the Treasury Department continues to provide cover for the Biden family and may withhold information about whether Joe Biden benefited financially from his family’s business transactions,” Comer wrote in the statement released by the committee. “The Biden administration has changed the rules to severely limit congressional access to reports of suspicious activity in the dark of night and without explanation.”

Reports of suspicious activity are typically filed by banks when customers make large cash transactions or transfers over $5,000, which could indicate money crimes, but according to Reuters, many such transactions are legitimate.

The GOP has heavily targeted Hunter Biden since before the 2020 election, when his father Joe Biden campaigned against then-President Donald Trump. Biden’s son is currently under investigation on allegations related to possible money laundering and possible violations of campaign finance, tax and foreign lobbying laws. The federal investigation focuses on his foreign business transactions at a time when his father was a vice president under then-President Barack Obama.

Hunter Biden: Republicans Impeach Treasury Department
Hunter Biden is seen in Washington, DC on April 12, 2016. Member of the House Committee on Oversight and Reform Ranking James Comer, a Republican from Kentucky, on Saturday accused the Treasury Department of covering up the Biden family after the department denied access to “suspect reports” on Hunter Biden.
Kris Connor/WireImage via GETTY Images

“Hunter Biden and other members of the Biden family have collected at least 150 reports of suspicious activity for their shady foreign deals. We need more information on these transactions and whether Joe Biden benefited financially from his family’s dealings with foreign adversaries,” Comer said in the statement. “It is a matter of national security to know if President Biden is compromised. The American people deserve answers, and Republicans will use the power of the gavel to get them at the next Congress.”

Comer’s statement comes after the Treasury Department on Friday denied a request for access to Hunter Biden’s financial records under the Bank Secretary Act (BSA). The BSA is designed to investigate terrorist financing, money laundering and other illegal financial activities.

The Treasury Department said it will review official motions from relevant congressional committees, meaning Democrats must go along with the motion. However, since the Democratic Party currently controls Congress and its committees, Republicans are having trouble with the motion, according to Reuters.

“The department is responding to requests for BSA information from congressional committees of competent jurisdiction in accordance with the law and its implementing regulations, which require protecting highly sensitive reports from the risk of unauthorized use and disclosure,” the department said in Friday’s letter to Kommer.

The Treasury Department also said such financial reports are normally kept confidential and can be made available if Congress makes written requests, but the final decision rests with Treasury Secretary Janet Yellen.

“Under current regulation, the Minister may make BSA information available to Congress or any committee or subcommittee thereof upon written request specifying the information requested, the criminal, tax or regulatory purpose for which the information is sought, and the official necessity of information.’ These decisions are at the discretion of the minister,” the Treasury said.

Comer requested the information on the Biden family and her associates from Yellen in May and again in July. The Republican representative said that then-treasury officials made the same argument they announced Friday, citing the need for Democrats to be on board to file the motion to release reports of suspicious activity, according to Reuters.

news week asked Hunter Biden’s attorney Christopher Clark for comment. Republican accuses Treasury Department of backing for Biden family

Rick Schindler

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