But it’s unclear if Congress will get to see the records.
it has some returns that were requested by Congress—but the bank wouldn’t say who the records belonged to, and in order for Congress to see them, the court has to rule in its favor.
The lawsuit is connected to a Congressional investigation into President Trump’s finances and his real estate holdings.both Deutsche Bank and Capital One, Trump’s most recent and primary lenders, for his financial records, as well as those belonging to his children, in-laws, and businesses.Deutsche Bank said it does have some in a letter to the court. But the names in the letter were redacted, so it’s unclear who exactly the tax returns belong to.
In order for Congress to see the tax returns, the court must decide whether the subpoenas issued by the House committee are legal, and if President Trump has any standing to block the release of his returns. The lawsuit is currently being decided by a federal appeals court, but there’s no indication as to when a ruling will be made.The House financial services committee is investigating whether or not Trump helped foreign buyers, particularly Russians, by laundering money through his real estate holdings— and whether or not that made the President vulnerable to foreign influence.
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