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Committee Dems Introduce Resolution of Inquiry to Follow Trump Money Trail

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Washington, DC, July 14, 2017 | comments

Throughout the controversy surrounding the Trump Administration’s suspicious and undisclosed financial dealings and business partnerships, House Financial Services Committee Democrats have remained committed to following the money trail. Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, and Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illicit Finance, filed a Resolution of Inquiry (ROI) directing the Secretary of the Treasury Steven Mnuchin to provide Congress with documents from Treasury’s Financial Crimes Enforcement Network (FinCEN) regarding the financial and business dealings of President Trump, his family members, and his associates. The Ranking Members are determined to investigate any financial dealings between the President and his associates and Russia, and to uncover any evidence of illicit activity that may have compromised the President and this country.

“Unfortunately, our requests to Chairman Jeb Hensarling that he utilize the investigative powers of the Committee to look into matters pertaining to Donald Trump and his financial dealings have been completely ignored,” said Congresswoman Maxine Waters (D-CA). "Our Republican colleagues must wake up, and hold the President accountable.”

“The American people deserve nothing but the absolute truth when it comes to President Trump’s personal, financial and business ties to Vladimir Putin and Russia,” said Congressman Daniel Kildee (D-MI). “It is time to put country before party; Republicans in Congress should join Democrats in following the facts and demanding answers about the President’s troubling connections to Russia.”

"For far too long, Americans have been kept in the dark regarding the extent of the Trump family's financial and business ties, including to Russian President Vladimir Putin, Kremlin officials, and other hostile regimes,” said Congresswoman Gwen Moore (D-WI). “Such inappropriate efforts by the Trump Administration to skirt accountability and obscure the truth must be met with immediate action. I call on Treasury Secretary Steven Mnuchin to recognize his obligation to our constituents to address this ambiguity and provide the public with the transparency they deserve.”

“No one is above the law, including President Trump,” said Congressman Al Green (D-TX). “As we continue to learn new information daily about Russia intrusion into our democracy, I encourage my colleagues to put our differences aside and support this resolution so that the American people can know the truth about the President and his family’s connections to Russia.”

"Our request has been met with radio silence for months,” said Congressman Ed Perlmutter. “The latest Donald Trump Jr. revelations are deeply concerning and show the urgency of getting to the bottom of the Trump family ties with the Russians."

Given the Trump Administration’s refusal to disclose any ties to the Kremlin and Congressional Republican’s refusal to investigate further, Committee Ranking Members introduced an ROI to get to the bottom of the financial entanglements involving Trump, his family members and associates, and Russia. Since March, Committee Ranking Members have written four letters— one to Committee Chairman Jeb Hensarling, one to Deutsche Bank CEO John Cryan, one to Treasury Secretary Steven Mnuchin, and another to Deutsche Bank’s external counsel —requesting their cooperation in efforts to learn the full scope of Russian influence on this Administration. To date, none of them have assisted in these requests.

Specifically, the ROI requests information on President Trump, his family, and his associates, including:

  • Donald Trump, Jr.
  • Paul Manafort
  • Rhona Graff
  • Rob Goldstone
  • Boris Epshteyn
  • Michael Caputo
  • Michael FlynnJeff Sessions
  • Rex Tillerson
  • Wilbur Ross
  • Eric Trump
  • Ivanka Trump
  • Melania Trump
  • Tiffany Trump
  • Jared Kushner
  • Seryl Stadtmauer (aka Seryl Kushner)
  • Carl Ichan
  • Felix Sater
  • Gary Cohn
  • Carter Page
  • Roger Stone
  • Rick Gates
  • Michael Cohen

Click to view the ROI and fact sheet.



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