Democrats on three House committees sent requests to Capital One executives for documents related to President TrumpDonald John TrumpTim Ryan expected to announce bid for presidency this week: report Kushner’s security clearance was denied due to concerns of foreign influence: report Morgan Ortagus named as new State Dept spokeswoman MORE‘s ownership of the Trump Organization.
Politico reported Thursday that the House Oversight and Reform, Financial Services, and Intelligence committees sent a joint request last month to Capital One CEO Richard Fairbanks for any documents the company holds concerning Trump’s trust, which holds his businesses, and a slew of companies that comprise the greater Trump Organization.
In the letter, Oversight Chairman Elijah CummingsElijah Eugene CummingsKushner’s security clearance was denied due to concerns of foreign influence: report Trump thought it would’ve been ‘impossible’ to get anything done if GOP held House: book Cummings: Accounting firm wants subpoena before providing Trump financial documents MORE (D-Md.), Financial Services Chairwoman Maxine WatersMaxine Moore WatersOn The Money: Trump shifts on border shutdown threat | Lawmakers fear ‘catastrophic economic impact’ from closure | Waters warns bankers she will take ‘a hard look’ to catch misconduct | Uncertainty over Dem spending proposal Carole King lobbies lawmakers in support of bill to protect the Rockies Maxine Waters warns bankers she will take ‘a hard look’ to spot misconduct MORE (D-Calif.) and Intelligence Chairman Adam SchiffAdam Bennett SchiffSchiff presses intel leaders for details on how Chinese woman gained unauthorized access to Mar-a-Lago Trump not concerned about security at Mar-a-Lago after woman’s arrest Schiff says it’s ‘inevitable’ Mueller will testify before Congress MORE (D-Calif.) wrote that their investigations pertained to “potential foreign conflicts of interest, compliance with the foreign and domestic Emoluments Clauses of the U.S. Constitution, and any counterintelligence threats arising from links or coordination between U.S. persons and other foreign entities, including any financial or other compromise or leverage over the president and his business interests.”
Fairbanks reportedly wrote back four days before the committee’s March 25 deadline, explaining that the company would only provide the materials requested if the request was made in the form of a congressional subpoena.
“Given the confidentiality obligations we have as a financial institution, including under state and federal law, we respectfully request that any production of materials be made pursuant to a subpoena rather than an informal request,” he wrote the lawmakers, according to the document obtained by Politico.
A representative for the Oversight panel did not immediately return a request for comment from The Hill on the status of the three committees’ investigations. Republicans on the committee wrote in a letter to Cummings, according to Politico, that the probes had no merit and were meant to embarrass the president.
“This inquiry does not appear to have a valid legislative purpose and instead appears to request information solely for the improper purpose of exposure and embarrassment,” Reps. Jim JordanJames (Jim) Daniel JordanCummings: Accounting firm wants subpoena before providing Trump financial documents House Oversight votes to subpoena ex-White House official in security clearance probe The Memo: New revelations fuel controversy over security clearances MORE (R-Ohio) and Mark MeadowsMark Randall MeadowsCummings: Accounting firm wants subpoena before providing Trump financial documents Bipartisan group introduces legislation to protect federal workers’ health benefits during shutdowns House Oversight votes to subpoena ex-White House official in security clearance probe MORE (R-N.C.) wrote.