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Hunter Biden: Republican Accuses Treasury of Running Cover for Biden Family

House Committee on Oversight and Reform Ranking Member James Comer, a Kentucky Republican, accused the Treasury Department on Saturday of covering up for the Biden family following the department refused to supply usage of “suspicious activity reports” on Hunter Biden.

“It’s unacceptable that the Treasury Department continues to perform cover for the Biden family and perhaps hide information regarding whether Joe Biden benefited financially from his family’s business transactions,” Comer wrote in the statement published by the committee. “The Biden administration changed the guidelines to severely restrict Congress‘ usage of suspicious activity reports at night of night sufficient reason for no explanation.”

Suspicious activity reports are usually filed by banks when clients make cash transactions of great amounts or transfer above $5,000 that may flag money-related offenses, but many such transactions are lawful, in accordance with Reuters.

The GOP has been heavily targeting Hunter Biden since prior to the 2020 election at the same time when his father Joe Biden was campaigning against then-President Donald Trump. Biden’s son happens to be being investigated for allegations linked to potential money laundering and for possible violations of campaign finance, and tax and foreign lobbying laws. The federal investigation is targeted on his business transactions in foreign countries at the same time when his father served as vice president under then- President Barack Obama.

Hunter Biden: Republican Accuses Treasury
Hunter Biden sometimes appears on April 12, 2016, in Washington, D.C. House Committee on Oversight and Reform Ranking Member James Comer, a Kentucky Republican, accused the Treasury Department on Saturday of covering up for the Biden family following the department refused to supply usage of “suspicious activity reports” on Hunter Biden. Kris Connor/WireImage via GETTY Images

“Hunter Biden along with other Biden family have racked up at the very least 150 suspicious activity reports because of their shady foreign business deals. We are in need of more info about these transactions and when Joe Biden has benefited financially from his family’s dealings with foreign adversaries,” Comer said in the statement. “This is a matter of national security to learn if President Biden is compromised. The American people deserve answers, and Republicans use the energy of the gavel next Congress to obtain them.”

Comer’s statement employs the Treasury Department refused on Friday a request filed beneath the Bank Secretary Act (BSA) to check into Hunter Biden’s financial data. The BSA is intended to research terrorist financing, money laundering, along with other illicit financial activity.

The Treasury Department said that it’ll consider official requests from relevant congressional committees, meaning that Democrats have to join the request. However, because the Democratic Party currently controls Congress and its own committees, Republicans are facing a problem with this particular request, in accordance with Reuters.

“The Department responds to requests for BSA information from congressional committees of appropriate jurisdiction in a way in keeping with the statute and its own implementing regulations, which mandate protection of highly sensitive reports from the chance of unauthorized use and disclosure,” the department said in the Friday letter to Comer.

The Treasury Department also said that such financial reports are often kept confidential and may be produced available when written requests are filed by Congress, however the ultimate decision will head to Treasury Secretary Janet Yellen.

“Beneath the current regulation, the Secretary could make BSA information open to ‘Congress, or any committee or subcommittee thereof, upon a written request stating this information desired, the criminal, tax or regulatory purpose that the info is sought, and the state need for the info.’ These decisions are entrusted to the Secretary’s discretion,” the treasury said.

Comer requested the info on the Biden family and their associates from Yellen in-may and again in July. The Republican representative said that treasury officials at that time made exactly the same argument they announced on Friday, citing the need of Democrats being up to speed with filing the request release a suspicious activity reports, in accordance with Reuters.

Newsweek reached out to Hunter Biden’s lawyer Christopher Clark for comment.

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