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In three years, Trump could win a second term as president. He is the front-runner for the Republican presidential nomination and is bracing for a possible rematch with President Biden.many Recent polls show Biden trailing Trump in approval ratings across the country and in key battleground states.
When Republicans take control of the House of Representatives in 2023, House Oversight Committee Chairman James Comer (R-Ky.) closed a congressional investigation into President Trump’s alleged violations of the Emoluments Clause. He also refused to honor a court-ordered agreement for Trump’s former accounting firm, Mazars USA, to turn over evidence related to Trump’s financial transactions.
Before Comer became chairman, Mathers began compiling documents and turned over some of them to the Democratic Oversight Committee, led by Democratic Rep. Jamie Raskin of Maryland. The documents showed payments by foreign governments to three of President Trump’s properties in New York, Washington, and Las Vegas. Committee investigators also identified significant spending at President Trump’s fourth facility, Trump Tower on Fifth Avenue in New York, from public records.
“These payments are made while these governments are working with the Trump administration, and sometimes President Trump himself, to advance specific foreign policy objectives, and they also provide specific assistance to the United States to advance their own national policy objectives. “This happened at a time when we were demanding action.” to the 155-page report released Thursday.
Comer said in a statement Thursday that “Democrats’ continued obsession with former President Trump is beyond parody” and that Trump is conducting “legitimate business.”
According to information obtained by the committee’s investigators, the largest total payout was from China, at $5.5 million. President Trump’s private company. Industrial and Commercial Bank of China (ICBC), one of China’s largest state-owned banks, was one of Trump Tower’s largest office tenants during the Trump era. The report indicates that during President Trump’s first year in the White House, multiple Chinese banks, including ICBC, have come under scrutiny for their financial ties to North Korea, and that the administration may consider sanctions against these banks. It is pointed out that it has become.
Despite calls from party members to exert maximum pressure on these banks to halt North Korea’s nuclear program, “then-President Trump and his administration “No formal action was taken against ICBC,” the report concluded.
Documents submitted to the committee also show that the Trump Organization and the Trump International Hotel in Washington, D.C., have been linked to “Trump’s “It is possible that he continued to solicit business in China even after he took office.” ”
“In June 2017, Patricia Tan, director of sales and marketing at the Trump International Hotel in Washington, D.C., billed the hotel $1,950 in reimbursable business expenses for a ‘Chinese hotel,'” investigators said. is written. Mr Tan appears to have returned later that year, according to an additional expense report obtained by the committee on the reimbursement of “business cards printed by companies.” [redacted] For Patricia during a trip to China in November 2017.” That same month, President Trump made an official visit to China.
Saudi Arabia was the second-largest payer to Trump’s companies during Trump’s tenure, with investigators identifying at least $615,422 in spending at two of Trump’s facilities. According to the report, Qatar spent $465,744 on Trump’s real estate, while Kuwait spent $303,372.
The report argues that “no other president other than Trump has ever come so close to brazenly disregarding the Foreign Emoluments Clause,” and urges Congress to take steps to prevent such violations in the future. It recommends that the government consider taking the following steps.
Among the measures the report asks Congress to consider are requirements for senior government officials to disclose to Congress the receipt of foreign compensation and “required Congressional approval for the president and senior officials to receive and retain compensation.” “Explicit procedures for determining The report also recommends that Congress introduce a process to disclose payments by foreign officials and lobbyists acting on behalf of foreign governments to entities in which a sitting president has a financial interest.
While Mr. Comer has obstructed Congress’s investigation into Mr. Trump, he has actively investigated Mr. Biden’s alleged involvement in his son’s overseas dealings. Republicans have so far released no direct evidence that Biden benefited from his son’s economic involvement in countries such as Ukraine. But the investigation became the basis for the impeachment inquiry against Biden that Republican lawmakers formally approved last month.
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