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Investigation of Biden family finances widens after committee views documents

Concerns about President Biden and his family profiting from his position increased after members of Congress viewed relevant documents at the U.S. Treasury Department this week.

House Oversight Chairman James Comer, R-Ky., and other GOP members announced the visit following a breakthrough agreement allowing access to suspicious activity reports (SARs), which financial institutions can use to flag possible criminal behavior, for the Biden family and their associates’ business transactions.

“Thousands of pages of financial records related to the Biden family, their companies and associates’ business schemes were made available to members of the House Committee on Oversight and Accountability, which confirms the importance of this investigation,” Comer said. “The Biden family enterprise is centered on Joe Biden’s political career and connections, and it has generated an exorbitant amount of money for the Biden family.

“We’ve identified six additional members of Joe Biden’s family who may have benefited from the Biden family’s businesses that we are investigating, bringing the total number of those involved or benefiting to nine.”

Multiple members of the Biden family already are known to be of interest to GOP investigators. Comer announced last month that subpoenaed financial records dating back to Biden’s time as vice president showed $1 million in indirect payments from a Chinese energy company to Biden’s adult son, Hunter Biden; brother, James Biden; daughter-in-law, Hallie Biden; and an unknown “Biden,” adding fuel to concerns about influence peddling and business schemes.

Separately, federal prosecutors are investigating Hunter Biden over his foreign business dealings in countries such as China and Ukraine, tax affairs and more. Though Hunter Biden has said he expects to be cleared of wrongdoing, Republicans have raised concerns about influence peddling, especially any that may include the president, spurred in part by findings on an abandoned laptop.

Only Republicans visited the Treasury Department this week. Democrats, who have been heavily critical of the Biden probe, did not join their GOP colleagues but do have access to the same SARs documents.

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