- The House Oversight Committee reissued a subpoena for former Trump’s accounting firm, Mazar USA.
- They are seeking eight years of Trump’s financial records.
- Last week, The Supreme Court paved the way for the Manhattan DA’s office to access the records.
- Visit the Business section of Insider for more stories.
The House Oversight Committee reissued a subpoena for former President Donald Trump’s accounting firm last week, House counsel Doug Letter said in a filing on Tuesday.
Congressional investigators are working to get eight years of Trump’s tax records from Mazars USA.
The House’s initial subpoena was rejected by the Supreme Court in July, Politico reported. However, last week, the US Supreme Court, after stalling for nearly four months, rejected Trump’s efforts to keep his tax returns hidden from the Manhattan District Attorney.
For the past five years, Trump refused to release his tax records and has gone to great lengths to try and keep them a secret.
Manhattan District Attorney Cyrus Vance Jr. launched an investigation into Trump’s financial records in 2017.
That Supreme Court ruling in Vance’s favor has made it easier for the Oversight Committee to reissue its subpoena.
Democrats have said that Trump’s tax records were necessary so they could come up with financial disclosure legislation for future administrations., Politico reported. They suspect that his tax filings would show potential conflicts of interest and inappropriate foreign ties.
“For more than 22 months, the Committee has been denied key information needed to inform legislative action to address the once-in-a-generation ethics crisis created by former President Trump’s unprecedented conflicts of interest,” Rep. Carolyn Maloney, chair of the House Oversight Committee, said in a memo sent to the Committee.
She added: “The Committee’s need for this information — in order to verify key facts and tailor legislative reforms to be as effective and efficient as possible — remains just as compelling now as it was when the Committee first issued its subpoena, and the Committee’s legislative efforts remain just as critical to the American people as they were before President Trump vacated the White House on January 20, 2021.”
Source: Read Full Article