Treasury Refuses To Hand Over Hunter Biden Documents as New Rule Affects How To Oversight Sensitive Financial Records, GOP Claims

James Comer, R-Ky., the ranking member of the House Oversight Committee, blasted the Biden Treasury Department for using a new rule for financial record requests as "cover" for Hunter Biden.

Comer criticized the Biden administration for the new need that majority approval in Congress be obtained in order to collect Suspicious Activity Reports (SARs) covered by the Bank Secrecy Act, claiming the department was taking this action in order to defend Biden.

White House Declines Investigation on Hunter Biden's Docs

On Wednesday, the Kentucky Republican sought the SARs for the first son. However, the Treasury declined his request, stating that the top House Oversight Republican would require the Democratic Party, which holds the majority in the House, to approve it.

The Biden administration has allegedly been rejecting Comer's SAR requests for the younger Biden for "weeks," according to Rep. Pat Fallon, R-Texas, a member of the House Oversight Committee.

The Treasury Department's new regulation follows a systematic procedure, as opposed to the department's previous approach, which was more ad hoc, a representative for the department told Fox News Digital on Thursday.

The procedure, according to the spokesman, is to maintain the security of the data while ensuring the department is responding to Congress in an acceptable manner. Additionally, when asked if the new regulation would apply to the upcoming Republican administration, the spokeswoman did not respond.

More than 150 financial transactions involving the international business operations of either Hunter Biden or the president's brother James Biden were highlighted as problematic by US institutions for additional scrutiny, according to a CBS News article mentioned in Comer's May letter. The transactions that were identified included large wire transfers.

All SARs created in relation to Hunter, other Biden family members, and their business associates were the subject of Comer's May request. Additionally, he asked for all records and correspondence connected to the Biden administration's choice to limit Congress' access to reports of suspicious conduct.

He also requested the Treasury Department for documents related to Biden family's finances since the president's inauguration on January 20, 2021, in a letter sent on Wednesday.

Hunter Biden Investigation May Start If GOP Takes Over House Committee

Per CBS News, inquiries the committee may conduct if Republicans take over the House after the November elections appear to be supported by Comer's demands. Comer has stated that the committee will look into Hunter Biden even if a federal probe led by the Delaware US attorney's office ends without charges being filed.

According to a 2019 federal subpoena CBS News acquired, the Delaware criminal investigation has been looking for Hunter and James Biden's bank records going all the way back to 2014, when Joe Biden was vice president. President Joe Biden has stated that he was not involved in his son's and brother's business deals.

The Washington Examiner discovered that Joe Biden unknowingly sponsored Hunter Biden's payments to Russia-related prostitutes, and Republicans on Capitol Hill have promised to look into these payments.

The shocking news was revealed after the Washington Examiner reported that records from a copy of Hunter Biden's abandoned laptop show that the president may have unknowingly funded his son's involvement in a Russian-linked escort ring, and that some of the younger Biden's payments may have triggered suspicious activity reports with his banks.

During a period of 3 1/2 months between November 2018 and March 2019, Biden spent over $30,000 on escorts, many of whom were connected to ".ru" Russian email addresses, and worked with an "exclusive model agency" called UberGFE. He was able to do this in part because Joe Biden promised to wire him a total of $100,000 to help him pay his bills from December 2018 to January 2019.

According to the report, Hunter Biden "sent thousands of dollars" to individuals who were "potentially associated with prostitution" or engaged in "transactions consistent with possible human trafficking." Some of the women "then wired funds they had received from Hunter Biden to individuals located in Russia and Ukraine."

In text exchanges with Eva, the middleman who worked as his main point of contact with UberGFE, Hunter Biden revealed that his accounts had once been temporally suspended as a result of his attempts to pay Eva's "girls" using Russian email addresses raising too many "red flags" with his bank.

Between November 26, 2018, and March 10, 2019, the president's son spent more than $30,000 with Russian prostitutes connected to Eva and UberGFE. At least eleven times during that time, Eva gave him instructions to transfer money to bank accounts connected to Russian email addresses.