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.
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.
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.
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.”