House fights over Trump’s financial records about to extend into summer

According to Letter’s schedule, Trump’s first briefing would be delivered on April 5, with the committee’s response a month later. Additional summaries would be presented on May 19 and June 2. The oral argument would be scheduled “as soon as possible” after that.

It is the last chapter of the Mazars case, which has already reached the Supreme Court. Judges ruled in July that the lower courts did not adequately examine the implications of a Congressional summons for the president’s personal roles. Although the Chamber won the case at the district and appellate level, the Supreme Court did set the clock on lawmakers’ efforts.

However, the high court also ruled that the Manhattan prosecutors’ subpoena for virtually the same materials was permissible, and prosecutor Cyrus Vance recently obtained Trump’s tax returns and may pose the most serious legal threat to Trump, now that he is outside the White House.

Congresswoman Carolyn Maloney (DN.Y), chairman of the House Oversight Committee, sent a memo to the panel last month – revealed to the court on Tuesday – explaining why she decided to reissue the subpoena for Trump’s records.

“For more than 22 months, the Committee has been denied the essential information needed to inform legislative action to address the unique ethical crisis in a generation created by former President Trump’s unprecedented conflicts of interest,” Maloney wrote.

“Donald Trump’s unprecedented actions as president – including his refusal to dispose of his ‘complex and opaque financial holdings’ – revealed a number of apparent weaknesses and gaps in the laws and regulations governing presidential financial disclosure, conflicts of interest and fees” , she continuous. “At the 117th Congress, we have a historic opportunity to turn urgently needed reform measures into law, and subpoena information is needed to support this effort.”

Source