The Republican-led House Oversight Committee has called on a Treasury Department official to testify in their probe into the Biden family finances.
A new letter obtained by NBC News shows what is widely considered to be the biggest escalation in the so far unsuccessful efforts of the GOP-led committee to get access to information relating to alleged “suspicious activity reports” that have to do with Hunter Biden and the Biden family business. Republicans have claimed that this information is necessary for their probe into the Biden family business practices.
Suspicious activity reports, or SARs, must be submitted by financial institutions every time there is a transaction that triggers their system or signals any sort of illegal activity. These are a requirement under federal law.
Committee chair Rep. James Comer (R-KY), has called on Isabella More, deputy assistant secretary for oversight for the Treasury Department, to testify at a March 10th hearing regarding the investigation. According to Comer’s letter, the department has also delayed the handing over of certain documents in an effort to block or hinder the investigation.
In the letter, Comer specifically notes that the hearing will focus on the different explanations the Committee has received regarding the Treasury’s inability to produce the required documentation. He adds that the hearing would provide the Committee with insight into the “Treasury’s approach to congressional oversight,” which the committee is looking to codify legislation on.
It is not yet clear whether relevant SARs do exist.
