President Donald Trump reached an agreement with two House committees to delay the enforcement of subpoenas seeking his financial records from two banks.
“The parties jointly ask this Court to stay further proceedings in this case until Plaintiff’s interlocutory appeal from the denial of their motion for a preliminary injunction is resolved,” the joint filing states.
The document further reads that “the parties have reached an agreement regarding compliance with and enforcement of the subpoenas during the pendency of Plaintiffs’ appeal.”
The lawsuit was filed at the end of April to block Deutsche Bank and Capital One from complying with the subpoenas. Trump’s lawyers argued that the Democrat-controlled House committees’ demands for records have no legitimate or lawful purpose and are so broad they would include transaction records on the Trump family’s personal shopping.
The House committees’ subpoenas for Trump’s bank records are part of one of three investigations launched by key House committees in April. The other probes are seeking the president’s tax returns and the full declassification of the partially redacted Mueller report.
Since gaining the majority in the House of Representatives, House Democrats have initiated 10 inquiries targeting Trump as well as his family, business dealings, current and former associates, and White House staff.
- Spygate: The Inside Story Behind the Alleged Plot to Take Down Trump
- 70 Ways President Trump Has Changed the Nation Over the Past Two Years
- Why Trump Will Win the US–China Trade War—Stephen Moore
- Dana Boente’s Many Critical Positions Within the Trump Administration
- Ties to Ukrainian National a Unifying Theme in Early Attacks on Trump
Days before the deal on the bank records, the House Intelligence committee struck a deal with the Justice Department in a standoff over a request for the full unredacted report by special counsel Robert Mueller and the underlying foreign intelligence and counterintelligence documents. The Justice Department agreed to turn over the underlying documents in exchange for a delay for an unspecified “enforcement action” by the committee.
Democrats have ramped up the intensity of their investigations of the president since Mueller concluded there is not enough evidence to establish that Trump colluded with Russia. Mueller also decided against charging the president with obstruction of justice.
In addition to Mueller, three separate investigations by House and Senate committees concluded there is no evidence of collusion between the Trump campaign and Russia.
The House Intelligence Committee found that while there is no evidence of collusion by Trump, the Clinton campaign and the Democratic National Committee paid for a dossier compiled by Christopher Steele, a former British intelligence officer. Steele paid sourced with ties to the Kremlin for the intel he included in the dossier. The FBI used the dossier, without verifying its claims, as evidence to secure a warrant to spy on former Trump-campaign advisor Carter Page.
