Jordan subpoenas Bank of America over alleged sharing of private financial data with FBI.
House Judiciary Chairman Jim Jordan Subpoenas Bank of America Over January 6 Investigation
In a bold move, House Judiciary Chairman Jim Jordan (R-OH) has issued a subpoena to Bank of America this week. This comes as part of lawmakers’ investigation into the sharing of private financial data with the FBI regarding the January 6 riot.
In a letter addressed to BoA CEO Brian Moynihan, Jordan expressed his dissatisfaction with the bank’s response to the Select Subcommittee on the Weaponization of the Federal Government. He claimed that the bank had failed to provide all the necessary communications and documents requested by the lawmakers.
Specifically, Jordan highlighted the bank’s failure to turn over a crucial “filing” sent to the FBI after the agency requested financial data from individuals in the Washington, D.C. area around January 6, 2021.
According to Jordan, the bank provided the FBI with a list of individuals who made purchases in the D.C. area without any legal process. He stated, ”Documents obtained by the Committee and Select Subcommittee show that the FBI also provided BoA with specific search query terms, indicating that the FBI was ‘interested in all financial relationships’ of BoA customers transacting in Washington D.C.”
While the bank claims to have followed a legal process initiated by the Department of Treasury, Jordan argued that the records viewed by the committee suggest that it was the FBI, not the Treasury Department, that reached out for the information.
Concerned about the potential violation of Americans’ financial privacy, Jordan emphasized the need for Congress to take action if the FBI indeed has such authority. He stated, ”It should not be the case that federal law enforcement has carte blanche access to Americans’ financial information without any clear criminal nexus.”
House Republicans Investigate the Politicization of Federal Government Agencies
The subpoena of Bank of America is just one aspect of House Republicans’ broader investigation into the politicization of federal government agencies. The committee has also been examining governmental pressure to censor information on social media platforms.
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As this investigation unfolds, it remains to be seen how the bank will respond to the subpoena and what further revelations may come to light.
How does the broader investigation into the events of January 6 aim to address the potential violation of privacy rights and the extent of information sharing by financial institutions like Bank of America
Tomers who had made purchases in the D.C. area.”
Jordan further emphasized the seriousness of this issue, stating, “The sharing of sensitive financial information without proper legal process raises serious concerns regarding privacy rights and constitutional protections.” He expressed the need for transparency and accountability in order to protect the rights of American citizens.
The subpoena issued to Bank of America demands the production of all documents and communications related to their cooperation with the FBI in providing financial data without legal process. It also seeks information on the specific search query terms provided by the FBI.
This move by Chairman Jordan is part of a broader investigation by lawmakers into the events of January 6 and the response of various entities, including financial institutions, to the FBI’s requests for information. The investigation aims to shed light on the extent of information sharing and the potential violation of privacy rights.
Bank of America has been under scrutiny for its cooperation with law enforcement agencies in the past. Earlier this year, it was revealed that the bank had provided financial data to the FBI and other government agencies for investigations related to the Capitol riot. This raised concerns about the potential overreach of government surveillance and the erosion of civil liberties.
The subpoena issued to Bank of America reflects the determination of lawmakers to hold the institution accountable for its actions. It sends a strong message that privacy rights and constitutional protections must be respected even in the face of national security concerns.
The outcome of this subpoena and the broader investigation into the events of January 6 remains to be seen. But it is clear that Chairman Jim Jordan and other lawmakers are committed to ensuring that the rights of American citizens are upheld and that any potential abuses of power are brought to light.
In conclusion, the subpoena issued by House Judiciary Chairman Jim Jordan to Bank of America is a significant step in the ongoing investigation into the sharing of private financial data surrounding the January 6 riot. It reflects the commitment of lawmakers to protect privacy rights and constitutional protections. The outcome of this investigation will have far-reaching implications for the balance between national security and individual liberties.
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