House Oversight Committee Reaches Deal to Get Trump’s Financial Records

House Oversight Committee Reaches Deal to Get Trump’s Financial Records
Former President Donald Trump speaks to an audience at the "American Freedom Tour" event in Memphis, Tenn., on June 18, 2022. (Karen Pulfer Focht/Reuters)
Jack Phillips

The Democrat-led House Oversight Committee announced Thursday that it reached an agreement with former President Donald Trump’s attorneys and required his accounting company to hand over his financial records to the panel.

“After numerous court victories, I am pleased that my Committee has now reached an agreement to obtain key financial documents that former President Trump fought for years to hide from Congress,” House Oversight Chairwoman Rep. Carolyn Maloney (D-N.Y.) said in a statement Thursday about the deal.

It means, according to Maloney, that accounting firm Mazars USA will hand over “critical documents” that will “inform the Committee’s efforts” in its investigation into Trump. Maloney did not provide any more details, including the contours of the settlement, and Trump’s team has not yet issued a public statement on the matter.

“Under the agreement reached by the Committee, former President Trump has agreed not to further appeal the D.C. Circuit’s ruling, and Mazars USA has agreed to comply with the court’s order and produce responsive documents to the Committee as expeditiously as possible,” the Oversight Committee said in the statement.

The Epoch Times has contacted Trump’s team for comment.

More Details

Rep. Carolyn Maloney (D-NY) speaks to supporters in New York City, on Aug. 22, 2022. (Spencer Platt/Getty Images)
Rep. Carolyn Maloney (D-NY) speaks to supporters in New York City, on Aug. 22, 2022. (Spencer Platt/Getty Images)

Maloney, who Trump sarcastically endorsed before she lost her reelection bid in New York’s 12 Congressional District last month, again criticized Trump in Thursday’s statement and accused the former commander-of-chief of stonewalling the Committee’s investigation.

The announcement of the settlement appears to bring an end to a long-running legal dispute between Trump and House Democrats over his finances. The Oversight Committee, starting under Rep. Elijah Cummings (D-Md.) before his death, has attempted to gain access to the financial records since early 2019 when Trump was still in office.

Former Trump attorney Michael Cohen told the Oversight Committee the former president made allegedly false financial statements to inflate his total assets. Trump has categorically denied claims from Cohen, who spent several months in federal prison after pleading guilty to tax evasion and campaign finance violations, and accused Cohen of lying to the panel.

In July, the Washington, D.C. Circuit Court of Appeals issued a ruling (pdf) upholding the House Oversight subpoena of the 45th president’s financial records. However, that order narrowed the Democrats’ request and said the subpoena needs to be revised.
Trump’s attorneys last month asked the full D.C. Circuit Court to rehear the case. However, the request was withdrawn after his team came to an agreement with the Oversight Committee, his lawyers said (pdf) Wednesday in a court filing.

Attorneys from the law firm Consovoy McCarthy, representing Trump, told a federal appellate court about the settlement agreement on Wednesday.

“In light of the panel’s opinion, Plaintiffs, Mazars, and the Committee reached a settlement of this case on August 30, 2022,” the filing said. “Plaintiffs hereby withdraw their petition for rehearing en banc.”

Jack Phillips is a breaking news reporter with 15 years experience who started as a local New York City reporter. Having joined The Epoch Times' news team in 2009, Jack was born and raised near Modesto in California's Central Valley. Follow him on X: