Comer urges Biden to clarify $200K loan receipt.
House Oversight Committee Chairman Calls on President Biden to Account for $200,000 Check
House Oversight Committee Chairman James Comer (R-Ky.) has called on President Joe Biden to explain a $200,000 check he received from his brother, James Biden, in March of 2018.
The memo line on the check described it as a “loan repayment” from James Biden to his brother. In a letter to White House Counsel Edward Siskel, Comer demanded evidence of the underlying loan that James Biden was supposedly repaying.
“If Joe Biden did personally loan James Biden an amount that was later repaid by the $200,000 check, please provide the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation,” wrote Comer in his letter to the Biden White House.
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This $200,000 check has come under scrutiny amid ongoing Republican investigations into President Biden’s involvement in his family’s business dealings. Republicans have accused Biden of engaging in influence-peddling throughout his political career, using his position to benefit his family’s business deals.
One such deal involved James Biden and a bankrupt rural hospital operator called Americore. House Republicans claim that witnesses to the deal stated James Biden promised investors access to a future Biden administration and “the highest levels of government.” This allegedly occurred before Joe Biden announced his presidential run in 2020.
According to bank records reviewed by Comer, Americore paid James Biden about $600,000 in 2018. On the same day, James Biden wrote a “loan repayment” check for $200,000 to his brother, the sitting U.S. president.
White House Spokesperson Mocks Comer, Insists Check is Self-Explanatory
White House spokesperson Ian Sams dismissed Comer’s questions about the check, claiming that it was a loan repayment and mocking Comer’s inquiry.
“Jamie Comer is pretty desperate to try to distract from Republicans’ speaker mess. It’s a loan repayment from when President Biden loaned his brother money. When he was out of office in 2018, no less. It’s right there on the check!” wrote Sams in a social media post.
Despite Sams’s insistence, Comer stated that the House Oversight Committee has found no evidence of a significant personal loan from the president to his brother in the Biden family’s bank records.
“Whether it was a loan or not, James Biden’s check to Joe Biden demonstrates how he personally benefited from his family’s influence peddling and access to the Biden name,” wrote Comer. “We are troubled that Joe Biden’s ability to recoup funds depended on his brother cashing in on the Biden brand.”
Comer has called on the Biden White House to provide all relevant documentation and IRS filings related to the alleged loan.
Loan Might Not Be Legal: Comer
Comer also raised concerns about the legality of the loan arrangement, stating that it could potentially violate the Internal Revenue Code’s requirements for reporting below-market loans.
“Indeed, there appears to have been no interest paid on the ‘loan’ based upon the White House’s own representations. The current lack of documentation leaves reason to doubt claims that this transaction was repayment for a legal loan,” wrote Comer.
Comer urged the Biden White House to provide all applicable documentation and IRS filings to address these concerns.
From NTD News
What evidence does Chairman Comer expect President Biden to provide regarding the alleged loan between him and his brother, James Biden?
190,000 for consulting services. The payment was made just a month before the $200,000 check was sent to President Biden. Republicans are now demanding transparency and accountability from the President regarding the nature of this payment.
The House Oversight Committee, led by Chairman James Comer, has been actively investigating President Biden’s family business dealings. The $200,000 check from James Biden has become a focal point of their scrutiny. Chairman Comer has called on President Biden to provide evidence of the alleged loan between him and his brother.
In his letter to White House Counsel Edward Siskel, Chairman Comer explicitly requests the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation. The Chairman’s intention is to shed light on the transaction and ascertain whether it was truly a loan repayment as stated on the memo line of the check.
This investigation is not an isolated incident but part of ongoing Republican efforts to expose potential wrongdoing by President Biden and his family. Republicans have consistently accused President Biden of leveraging his political position for personal gain and to benefit his family’s business ventures.
One particular business deal involving James Biden and a bankrupt rural hospital operator called Americore has caught the Republicans’ attention. Witnesses to the deal have allegedly claimed that James Biden promised investors access to a future Biden administration and “the highest levels of government.” This alleged promise occurred prior to Joe Biden’s announcement of his presidential run in 2020.
Bank records reviewed by Chairman Comer revealed that Americore paid James Biden approximately $190,000 for consulting services. This payment raises further questions regarding potential conflicts of interest and the extent of President Biden’s involvement in his family’s business affairs.
As the investigations continue, Republicans are determined to obtain answers and hold the President accountable. The $200,000 check is just one piece of the puzzle in the larger inquiry into President Biden’s alleged influence-peddling. The American public deserves transparency and integrity from their leaders, and it is the duty of the House Oversight Committee to ensure that these principles are upheld.
The call for President Biden to account for the $200,000 check from his brother is a significant step in the oversight process. Chairman Comer’s letter to the White House demonstrates the committee’s commitment to conducting a thorough investigation and seeking the truth. It is crucial for President Biden to address these concerns and provide the requested documents, as failure to do so may only fuel suspicion and hinder his ability to govern effectively.
In the spirit of accountability and transparency, it is imperative for all elected officials to participate fully in such investigations. The American people deserve to know the truth and have confidence in their government. Only through open and honest disclosure can trust be restored and the integrity of our democracy preserved.
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