The House Oversight Committee, led by Chairman Rep. James Comer (R-KY), has highlighted a financial transaction between President Joe Biden and his brother, James Biden, from 2018. [Source]
According to documents obtained by the GOP-majority committee, a direct payment of $200,000 was made from James Biden and his wife, Sara, to Joe Biden.
Rep. Comer detailed in a video posted on platform X that the backdrop of the transaction is rooted in a business venture. James Biden reportedly secured loans totaling $600,000 from Americore, a rural hospital operator experiencing financial challenges.
“On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account—not their business bank account,” Comer elaborated. “And then, on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden,” states Comer.
Marjorie Taylor Greene, another member of the House Oversight Committee, emphasized this transaction as “DIRECT EVIDENCE” of potential influence peddling by Joe Biden. [Source]
The GOP-led House Committee on Oversight and Accountability has been investigating the business ventures of the Biden family, especially those of Joe Biden’s brother, James, and his son, Hunter.
This $200,000 transaction is just one of several financial dealings that the committee is examining. Last year, during a bankruptcy filing, Americore Health LLC noted that James Biden had procured loans from the company by leveraging his political ties. However, when Americore later filed due to non-payment, James Biden settled the matter for $350,000.
James Biden’s attorney, Paul Fishman, countered the narrative set forth by the committee. “The Oversight Committee’s description of the $200,000 check is highly selective and misleading,” said Paul Fishman, legal representative for James Biden. “The Committee has the bank documents that show both the loan Jim received from his brother in January 2018 and the repayment by check six weeks later. At no time did Jim involve his brother in any of his business relationships,” said Fishman. [Source]
Democrats on the House Oversight Committee have expressed reservations about the manner of these probes. They contend that the Oversight Committee’s purview traditionally doesn’t encompass personal financial transactions of this kind, and many perceive the investigations as politically driven.
Rep. Carolyn B. Maloney (D-NY), a senior figure on the committee, critiqued the probes, stating, “While oversight is necessary and appropriate, it’s paramount that we ensure it doesn’t devolve into political witch hunts. We should not lose sight of our duty to the American people and must handle every investigation with fairness and impartiality.”
However, these findings feed into longstanding suspicions surrounding the business activities of the Biden family. Chairman Comer has indicated that this is just the tip of the iceberg. He assured that the committee will continue its efforts to “follow the money,” hinting at more revelations in the future.