Trump agrees to launch monetary data to Home Oversight Committee

Former U.S. President Donald Trump speaks at a Republican-led event titled “Faith and Freedom Road to Majority” in Nashville, Tennessee, June 17, 2022.

Harrison McClary | Reuters

Ex-President Donald Trump and his former longtime accounting firm have agreed to turn over some financial records to the House Oversight and Reform Committee to end a legal battle over their previous refusal, that panel and Trump’s attorneys said.

However, details of how many of those records will be handed over to accounting firm Mazars USA were not included in a statement from the committee announcing the agreement on Thursday.

The deal doesn’t cover a separate lawsuit involving the House Ways and Means Committee, which is targeting Trump’s 2015-2020 federal tax returns.

Last month, a federal appeals court said the Ways and Means Committee could get those returns.

The settlement with the Oversight Committee came nearly two months after another panel of judges at the same Washington, DC Court of Appeals upheld an earlier decision that the Oversight Committee had authority to subpoena certain of Trump’s financial records from Mazars to further legislative purposes.

However, the Court of Appeals also asked the committee to review the extent of the records it wanted to see.

On Wednesday, Trump’s attorneys issued a filing telling the court that given the settlement agreement with the Oversight Committee, he would drop a motion to rehear the case and a related motion seeking the entire lineup of the Circuit Court justices on the issue pick up.

In a statement, Committee Chair Carolyn Maloney, DN.Y., said: “After years of delaying tactics, the Committee has now reached an agreement with the former President and his accounting firm Mazars USA to obtain important documents. “

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“These documents will feed into the committee’s efforts to get to the bottom of former President Trump’s egregious behavior and ensure future presidents do not abuse their position of power for personal gain,” Maloney said.

The committee said that under the terms of the agreement, “Mazars USA has agreed to comply with the court’s order and submit relevant documents to the committee as soon as possible.”

A Trump attorney did not immediately respond to a request for comment.

The committee sought the documents in 2019 as part of its investigation into Trump’s conflicts of interest involving his business as president and his foreign financial ties.

The panel issued Mazars a subpoena for Trump’s filings after his former personal attorney, Michael Cohen, testified before the oversight committee that Trump’s financial reports misrepresented his financial condition.

Trump then sued to prevent Mazars from releasing the records.

The case ended in the Supreme Court, which remanded the lawsuit in 2020 to lower federal courts with orders to apply a new standard for evaluating the legitimacy of subpoenas from Congress for a president’s personal information.

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