House Republicans are asking several banks and the Treasury Department for information on the Biden family finances and specifically for those of embattled first son Hunter Biden.

CBS News is reporting that Republican members of the House of Representatives have demanded information related to the finances of Hunter Biden and other members of the president’s family in letters Wednesday to more than a dozen banks and the U.S. Treasury Department.

The letters, sent by House Committee on Oversight and Reform Ranking Member James Comer, appear to provide the underpinnings for probes the committee would pursue if Republicans indeed take control of the House following November’s elections.

“We are investigating the domestic and international business dealings of President Biden’s son, Hunter Biden, and other Biden associates and family members to determine whether these activities compromise U.S. national security and President Biden’s ability to lead with impartiality,” Comer wrote in the letters to Treasury Secretary Janet Yellen and 13 banks and financial institutions.

Comer requested records related to potential suspicious activity reports for the Bidens, their business partners, or their businesses. “Suspicious activity” reports are filed by financial institutions when clients make large cash transactions or transfers that could signal criminal activity, such as tax evasion or money laundering. Under previous administrations, members of Congress were given copies of these reports by the Treasury Department, when requested, but that access has been restricted by the Biden administration. Congressional staffers can now only review those records in-person, in a Treasury Department reading room, and cannot make or leave with any copies.

Comer’s letter cited a CBS News report that more than 150 financial transactions involving the global business affairs of either Hunter or the president’s brother James Biden were flagged as concerning by U.S. banks for further review. Large wire transfers were among the transactions flagged.

Comer said in an interview with CBS News that he believes some accounts “could have been intermingled with Joe Biden.” 

“So there are a lot of instances here where there’s serious concerns about Joe Biden’s relationship with Hunter. And is this relationship compromising decisions that President Biden’s making?” Comer said.

Meanwhile, federal officials have confirmed that Hunter Biden is the focus of an ongoing investigation out of the U.S. attorney’s office in Delaware. The probe is centered on tax and other financial issues. A 2019 federal subpoena obtained by CBS News shows the criminal probe in Delaware has sought Hunter and James Biden’s bank records dating back to 2014, when Joe Biden was then vice president.

Despite the investigation, as of yet, Hunter Biden has not been charged with any crimes. 

Regardless of the outcome of that probe, and even if Hunter were to be indicted or garners some kind of plea deal, Comer told CBS News that he would still pursue a congressional investigation if the house flips, as seems likely come the midterms.

“We will (investigate) because it’s my understanding that what Delaware is looking into is tax evasion, particularly around the Burisma deal in Ukraine. What we have concerns about is the relationship with the Russian oligarch,” Comer said. “We have concerns with the relationship with the Chinese Communist Party on another energy deal.”

Comer said his team is also vetting what they say is a copy of Hunter Biden’s laptop hard drive, adding they have not seen evidence so far that it was tampered with, despite some reporting that a cybersecurity firm found some evidence that some of the most damning emails leaked had “digital signatures” consistent with tampering.

This is a developing story.

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