The committee has not yet subpoenaed bank records from Biden family members themselves. Since Republicans took control of the House in January and obtained subpoena power, the House Oversight Committee subpoenaed six banks for information regarding specific Biden family business associates to investigate the money trail behind the Biden family’s foreign business dealings. “Bank records show that nearly $20 million in payments were directed to the Biden family members and associates through various shell companies,” McCarthy said.įacts First: This is true about Joe Biden’s family and associates, but there is no public evidence to date that the president personally received any money. Here’s a breakdown of some of the claims at the heart of the impeachment inquiry that McCarthy referenced on Tuesday.Ĭlaim: Biden family and associates got $20 million through shell companies But past impeachment inquiries in recent history have typically started with more publicly available evidence. Republicans argue that opening an inquiry will give them the authority to uncover more information, so it’s possible they’ll find additional facts that are not publicly known at this point. House Republicans have not presented any proof that Joe Biden ever profited off his son’s business deals or was influenced while in office by his son’s business dealings. And he isn’t a government official – the impeachment inquiry is into his father. There is clear evidence that Biden’s son, Hunter Biden, leveraged his famous name while pursuing lucrative foreign deals, which might be untoward but isn’t illegal. The Republican-led investigation will focus on “allegations of abuse of power, obstruction and corruption” by Biden, related to his family’s overseas business dealings, McCarthy said. House Speaker Kevin McCarthy made several unproven claims Tuesday while announcing the opening of a formal impeachment inquiry into President Joe Biden.
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