A U.S. appeals court is directing Deutsche Bank and Capital One to comply with congressional subpoenas and hand over President Trump’s financial records to House Democrats
A three-judge panel of the Manhattan-based 2nd U.S. Circuit Court of Appeals ruled 2-1 against Trump’s bid to block two House of Representatives committees from enforcing subpoenas issued in April to the two banks seeking the documents. Trump is expected to appeal the case to the U.S. Supreme Court.
“The Committees’ interests in pursuing their constitutional legislative function is a far more significant public interest than whatever public interest inheres in avoiding the risk of a Chief Executive’s distraction arising from disclosure of documents reflecting his private financial transactions,” Judge Jon Newman wrote in the ruling.
The subpoenas involved in Tuesday’s ruling were issued months before House Democrats began an inquiry in September into whether there were grounds to impeach Trump over his request to Ukraine to investigate Democratic political rival Joe Biden and his son Hunter Biden. “As we have said previously, we remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations,” a Deutsche Bank spokesman said of Tuesday’s decision.The House Financial Services Committee and the Intelligence Committee subpoenaed Deutsche Bank for records related to Trump, three of his children and the Trump Organization.
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