A new rule enacted by the US Department of Treasury is being criticized for giving special cover to President Joe Biden’s son Hunter over his shady business dealings.
The new rule will require a Congressional majority to obtain Suspicious Activity Reports (SARs) protected under the Bank Secrecy Act.
The decision by the Treasury Department was discovered after House Oversight Committee ranking member James Comer, R-Ky, requested a SARs for Hunter Biden. His request was rejected on the grounds that he didn’t have the backing of a Congressional majority.
“The Biden Administration changed the rules to severely restrict Congress’ access to suspicious activity reports in the dark of night and with no explanation,” Comer told Fox News Digital on Thursday. “We now know Hunter Biden and other Biden family members have racked up at least 150 suspicious activity reports for their shady foreign business deals.”
“The Treasury Department’s sudden change of longstanding policy appears to be a broader pattern by the Biden Administration to run cover for Hunter Biden and possibly hide information about whether Joe Biden benefited financially from the Biden family’s business transactions,” he continued. “The American people deserve answers and the Biden Administration must comply with congressional oversight.”
The Treasury Department told FOX News that the new rules were meant to “standardize” the process and help protect the information’s confidentiality from Congressional overreach.
Despite their justifications, Rep Comer’s sentiment was backed up by Rep. Pat Fallon, R-Texas, who called Hunter’s dealings a “threat to our national security”.
“It’s simple – Hunter Biden is a threat to our national security and Americans deserve to know if his business transactions put our country’s well-being at risk,” Fallon said to Fox News Digital. “For weeks, the Biden Administration has denied Ranking Member Comer’s access to Suspicious Activity Reports (SARs) surrounding Hunter Biden’s business endeavors.”
“This is unacceptable,” he continued. “This Administration must drop the political charade immediately and allow Congress access to any bank violations that may have been made by the Biden family and their associates.”
Hunter Biden has been frequently criticized for a series of shady oversees business dealings. Despite both he and his father insisting that Joe Biden was unaware of the activities and that Hunter didn’t leverage his dad’s name to make money, recent emails and text message’s from the first son’s laptop prove otherwise. What do you think the Bidens are hiding?