House Oversight Committee strikes deal to obtain Trump financial records

Attorneys representing Donald Trump have reached an agreement with the House Oversight and Reform Committee in which the former president's accounting firm will hand over his financial records.

“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,” committee chair Rep. Carolyn Maloney, D-NY, said, according to the Washington Examiner.

“After facing years of delay tactics, the Committee has now reached an agreement with the former President and his accounting firm, Mazars USA, to obtain critical documents," she continued. "These documents will inform the Committee’s efforts to get to the bottom of former President Trump’s egregious conduct and ensure that future presidents do not abuse their position of power for personal gain.”

The committee issued a subpoena for the records in April 2019, after Democrats won the House in the midterm elections, the outlet noted. The ongoing investigation seeks to determine whether Trump had any conflicts of interest or engaged in illicit financial activities.

Despite celebrating the deal on Thursday, Maloney will likely have little time to personally peruse the former president's records as she lost her party's primary contest to fellow Democratic Rep. Jerrold Nadler after redistricting forced the two to compete against one another.

Moreover, Republicans are widely expected to take the House majority in November, leaving the ultimate fate of that investigation unclear.

The Oversight Committee's investigation and the deal to obtain Trump's records is separate from the House Ways and Means Committee effort to obtain the former president's tax returns.