House Republicans have released bank records of President Biden’s brother, James Biden, which they claim raise further questions about whether President Biden personally benefited from his family’s business ventures.
The bank records, released by the GOP-led House Committee on Oversight and Accountability, reveal a $200,000 personal check that was paid to Mr. Biden from his brother, James Biden, and sister-in-law, Sara Biden. This personal check, labeled as a loan repayment, was issued before Biden’s presidency, on the same date in 2018 when Americore Health LLC, a healthcare company managing rural hospitals across the United States, also wired a $200,000 loan into James Biden’s PNC bank account.
In a video statement posted to X, Rep. James Comer, the Republican chairman of the House Oversight and Accountability Committee, claimed, “Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings.”
In a bankruptcy filing last year, Americore Health LLC alleged that James Biden received hundreds of thousands of dollars in loans from the company, with the promise that his last name would “open doors” and that he could secure a significant investment from the Middle East based on his political connections.
After Americore Health LLC filed a lawsuit for non-payment, James Biden agreed to a settlement payment of $350,000 to the company.
James Biden’s attorney, Paul Fishman, raised objections to the GOP-led panel’s description of the check. Fishman stated, “The Oversight Committee’s description of the $200,000 check is highly selective and misleading. The Committee possesses the bank documents that demonstrate both the loan Jim received from his brother in January 2018 and the subsequent repayment by check six weeks later. At no point did Jim involve his brother in any of his business relationships.”
This latest release of documents follows Rep. Comer’s commitment to “follow the money” in the investigation into the Biden family’s businesses. Meanwhile, the House remains in disarray without an elected speaker for over two weeks. After Rep. Kevin McCarthy was removed as speaker, Comer affirmed that the Oversight Committee would continue to examine emails, text messages, and construct timelines to encourage individuals to come forward.
In September, the Oversight Committee announced its discovery of over 20 shell companies connected to the Bidens and their associates, accumulating over $24 million between 2014 and 2019. The committee identified nine Biden family members who participated in or benefited from these business schemes, although President Biden was not among those named.
The House of Representatives remains deadlocked, and the Republicans, who hold the majority, are back to square one after dropping Rep. Jim Jordan as their speaker nominee following his third unsuccessful attempt to win the speakership. Republicans will make another attempt to settle on a candidate on Monday, almost three weeks after Rep. Kevin McCarthy initially lost his speakership earlier this month.
Ian Sams, White House spokesman for oversight and investigations, responded to the latest development, saying, “It’s no coincidence they rushed out a new distraction mere minutes after yet another failed Speaker vote. After scrutinizing thousands of pages of a private citizen’s bank records, they have once again found zero evidence of wrongdoing by President Biden – and that’s because there is none.”
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