Facing growing pressure to show progress in their investigations, House Republicans plan to detail what they say are concerning new findings about President Joe Biden's family and their finances.
FILE - House Oversight and Accountability Committee Chairman James Comer, R-Ky., speaks during a House Committee on Oversight and Accountability hearing on Capitol Hill, Feb. 8, 2023, in Washington. Facing growing pressure to show progress in their investigations, House Republicans this week plan to detail what they say are concerning new findings about President Joe Biden's family and their finances.
But Republicans in Congress, notably Rep. James Comer, the chairman of the House Oversight Committee leading the probe, believe the records could potentially show an effort by the president and his family to trade off his name.“Congressman Comer has a history of playing fast and loose with the facts and spreading baseless innuendo while refusing to conduct his so-called ‘investigations’ with legitimacy,” White House spokesperson Ian Sams said in a statement.
The rules around the reports were later amended under the U.S. Patriot Act. Today, banks and credit unions routinely submit SARs.Industries that deal in large sums of money are required to file SARs to the government when they detect a transaction with possible links to money laundering, counterfeiting, fraud or illicit finance — this includes banks, casinos, loan companies and depository firms.
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