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Treasury Department Proposes To Sharpen The Teeth Of CFIUS Enforcement - Inward/ Foreign Investment

Treasury Department Seeking Greater Enforcement Authority for CFI

he ended up crashing his own contempt hearing. all of that was made for tv moments. right before the house is going to vote on contempt, he makes this offer. it's a little more surprising to see what the committee did because these are valid subpoenas. i think a lot of members that i spoke to were inclined to tell him to pound sand. there's nothing wrong with those subpoenas. those have independent subpoena authority so you can appear or you can be held in contempt. it's not clear what is going on behind the scenes, john. i don't know if they have been assured that he will answer questions. most of us expected him to take the fifth. john, this is not for the faint of heart. if he answers questions in there, it will be the highest risk moment for him in terms of any hearing so far. >> john: anyone who has ever

biden family when they lost control of the house, they lost control over the narrative. the media is still working their best to help the white house. but the house representatives have subpoena authority and they are not going away. this won't either. so whether cooperates or not, this committee is going forward. we will learn a lot more in the days to come i think. >> bill: that can be dialed in and we will wait to see what happens after wednesday, jonathan turley, thank you for your time. we will talk to you soon. arthel. >> arthel: bill come i will take it coming up could americans face another interest rate hike to make rate hike after spending surge? house speaker kevin mccarthy a debt deal with president biden. many are wondering if it is enough to get america spending back on track. we will ask our pain with economic experts.

i want to be clear. this committee is investigating president biden and his family's shady business deals that capitalized on joe biden's public office and risked our country's national security. this committee has a duty to ask questions and pursue the facts no matter where they take us. through the committee's investigation we intend to provide transparency to the american people and reach legislative solutions. in only four months since obtaining subpoena authority, we have made astonishing progress. today we'll talk about that progress. first, we want to discuss information the committee has learned since our last press conference in november. new information investigators have uncovered regarding the transfer of money from foreign entities to the biden family. many of the wire payments occurred while joe biden was

>> in communication with our witnesses and with people who are cooperating, from a subpoena standpoint, we know that they have been contacted by the attorneys for hunter biden. we feel this is really close to crossing the line. obviously their objective, in my opinion, is witness intimidation. this will not stand. we are going to continue to press forward. this subpoena authority that i have has proven very fruitful. we have bank records, we have access to all the bank violations in treasury cabinet. >> sandra: witness intimidation, whistleblowers being intimidated by the president's sons lawyers, you stand by that and say you have evidence of that? >> it depends on your definition of intimidation. if you get a call from the lawyers and they remind you of your potential liability in some of these business schemes, then yes, i would consider that witness intimidation.

you've been looking into this for a long time and no concrete evidence of wrongdoing. do you think that will change as the investigation progresses? >> i've been chairman of this committee for two months, i know i saw somebody on fox said they have been investigating joe biden for five years. republicans have only been in charge of the house of representatives for two months. i've had the subpoena power two months. we have gotten more information in than i think anyone that conducted an investigation of biden before has ever had. they didn't have subpoena authority, they didn't have the ability to get bank records. they have talked to people, to whistleblowers, but never actual evidence. we are getting evidence in, and the president's story does not add up. and from what people tell us, there were other ways they were doing things for joe biden. every single person we have spoken with that was involved with the biden family influence peddling has said joe biden was very involved in the family business. >> sandra: follow-up, maybe a

>> well, they have continuously changed their story. a few months ago when i announced the investigation after the house flipped, they said there was nothing to the laptop, that it was complete russian disinformation. so they have denied existence of these payments directly to the biden family all the way until the day that we actually produced bank records. i don't think the white house ever thought that i would get my hands on those bank records and i've got some bad news for the white house. this is just the beginning. and we have been meeting with people that have been blowing the whistle on this influence peddling scheme for several months now. i've been chairman of this committee for two months, had subpoena authority for two months and now you are going to start seeing information come in and i don't think it's going to be very good for the bidens. i don't think they have been truthful about this from the very beginning, and they are trying to pedal now and it's not going to work. >> john: and bill hemmer alluded to this earlier this week,

multiple tier system of justice and the unequal application of the law. justice department didn't deal with biden like they did with former president trump. there is a much larger story here. senator grassley and i issued our report and showed millions of dollars of foreign financial entanglements. those never adequately explained. we don't know whether attorney weiss has the resources. we have a whistleblower that says he doesn't have the resources to investigate hunter biden and why we called for a special counsel. we need the capability of looking into financial transactions between hunter and joe biden. big guy. an investigator has the capability. congress doesn't. certainly not in terms of our subpoena authority. we simply don't have access to those records. we don't get access to those records because what ends up

subpoena authority, the ability to commence and launch investigations. the house needs to use every single day they have left to put out there any possible threat that they'll want the senate democrat majority to pick up on and run with. you have the power right now. there are so many things -- it's a target-rich environment, whether it's trump's tax returns, whether it's the deals jared kushner was involved in, other deals, for all the talk we'll hear about hunter biden, there's plenty to be heard about the people who actually worked in the west wing, in the white house, under the donald trump administration. >> so, kurt, we keep hearing about this deadline that's coming up when the republicans take control of the house. it's almost as if when you hear this talk that democrats are going to be helpless to issue subpoenas, democrats are going to be helpless to be able to do things they need to do to continue these investigations of january 6th and donald trump. it's almost like the people that are saying that, that are riding that, that are opining about it,