Treasury Department Deals HUGE BLOW To Biden

Treasury Department Deals HUGE BLOW To Brandon


President Joe Biden suffered a severe setback when the Treasury Department finally agreed to provide the GOP with suspicious activity reports (SARs) on Hunter Biden and the Biden family’s international business dealings.

Republican James Cormer of the House Oversight Committee. said: “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. 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.


“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. 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. If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance,” he stated.

In a letter dated January 11, 2023, Chairman Comer asked for information from Treasury Secretary Janet Yellen regarding dubious financial dealings involving the Biden family and their allies that had been reported by US banks.

Chairman Comer informed the Treasury Department in a letter dated February 24, 2023, of the unavailability of accommodations.

Chairman Comer invited a Treasury Department representative to come for a recorded interview on March 7, 2023, to discuss why the Treasury Department has not yet produced the requested information.

The transcripted interview with Jonathan Davidson, Assistant Secretary for Legislative Affairs, scheduled by the Oversight Committee has been postponed since the Treasury Department is now allowing in-camera access to the unusual activity reports.

The economic operations of the Biden family have already been the subject of documentation and data gathered by the House Oversight Committee.

Comer served a subpoena on Bank of America requesting more than ten years’ worth of financial records for three of Hunter Biden’s colleagues. Rob Walker is the owner of one of the associates’ records that was provided to the committee.

Walker collaborated with Hunter Biden, Jim Biden, the brother of the president, James Gilliar, and Tony Bobulinksi in a Sinohawk Holdings joint venture that aimed to partner with the Chinese energy company CEFC.