Jordan and Meadows Raise Concerns About Democrat Chairs Demand for President’s Financial and Business Holdings

Published: Apr 4, 2019

WASHINGTON, DC – Today, Congressman Jim Jordan (R-OH), Ranking Member of the Committee on Oversight and Reform, and Congressman Mark Meadows (R-NC), Ranking Member of the Government Operations Subcommittee, sent a letter to Mr. Richard D. Fairbanks, Chair, Chief Executive Officer, and President of Capital One Financial Corporation expressing concerns related to a request from Congressman Elijah Cummings (D-MD), Chairman of the Committee on Oversight and Reform, Congressman Maxine Waters (D-CA), Chairman of the Committee on Financial Services, and Congressman Adam Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence. Their broad request, which was sent on March 11, 2019, seeks 15 separate categories of financial materials and business holdings associated with the President. The letter also demands all documents provided to the Office of Special Counsel Robert Mueller III.

Excerpts from the letter: “This type of derivative request is not a best practice and has the veneer of a fishing expedition. Probes aimed simply at harming the electoral prospects of a future candidate for office are improper on their face.”

“As articulated by the Chairs, this inquiry does not appear to have a valid legislative purpose and instead appears to request information solely for the improper purpose of exposure and embarrassment. The Chairs did not consult with the Republican members of the Committee before initiating his inquiry.”

Full text of the letter can be found here.