The U.S. Court of Appeals for the District of Columbia (D.C.) Circuit issued a ruling affirming a subpoena by the House Committee on Oversight and Reform to obtain President Donald Trump’s financial records.
On Friday, the three-judge appeals court ruled 2-1, denying the President’s petition to stop the House Committee from obtaining eight years of his financial records from Mazars USA, the firm providing accounting services for Trump and his companies.
The decision is a big victory for the House Democrats since the White House vowed to challenge all of their oversight subpoenas.
Trump argued in his petition that the House Committee did not have valid legislative reason to get his financial records from Mazars USA. He cited the reason that its objective is to investigate if he violated existing law and not to determine whether it is necessary to enact a new law.
In the 66-page ruling, Judge David S. Patel wrote in the majority decision, “Having considered the weighty issues at stake in this case, we conclude that the subpoena issued by the committee is valid and enforceable.”
