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Trump agrees to provide financial records to House Oversight Committee

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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 show over some financial records to the House Oversight and Reform Committee in a deal that may end a lawsuit over their prior refusal to achieve this, that panel and Trump’s lawyers said.

But details of how a lot of those records the Mazars USA accounting firm will turn over weren’t included in a committee statement announcing the agreement Thursday.

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

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

The agreement with the Oversight Committee got here nearly two months after one other panel of judges in the identical appeals court in Washington, D.C., upheld a previous ruling that the Oversight Committee had the authority to subpoena certain of Trump’s financial records from Mazars in furtherance of legislative purposes.

Nonetheless, the appeals court also told the committee to winnow the scope of the records it desired to see.

On Wednesday, Trump’s lawyers told the court in a filing that in light of the settlement agreement with the Oversight Committee, he would drop a motion looking for a rehearing of the case, and a related one asking that the complete lineup of judges on the appeals court take up the difficulty.

In an announcement, committee Chairwoman Rep. Carolyn Maloney, D-N.Y., said, “After facing years of delay tactics, the Committee has now reached an agreement with the previous President and his accounting firm, Mazars USA, to acquire critical documents.”

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“These documents will inform the Committee’s efforts to unravel former President Trump’s egregious conduct and be certain that future presidents don’t abuse their position of power for private gain,” Maloney said.

The committee said that under the agreement, “Mazars USA has agreed to comply with the court’s order and produce responsive documents to the Committee as expeditiously as possible.”

A lawyer for Trump didn’t immediately reply to a request for comment.

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

The panel issued its subpoena to Mazars for Trump’s records after his former personal attorney, Michael Cohen, testified to the Oversight Committee that Trump’s financial statements had falsely represented his financial position.

Trump then sued to dam Mazars from surrendering the records.

The case ended up before the Supreme Court, which in 2020 sent the lawsuit back to lower federal courts with the direction to use a recent standard for evaluating the merit of congressional subpoenas for a president’s personal information.

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