China News Service, September 2. According to comprehensive foreign media reports, US House Oversight Committee Chairman Maloney said on September 1, local time, that he reached a settlement agreement with former President Trump in order to obtain the information he "has concealed from Congress for many years." key financial documents" to end a long court battle.
File photo: Trump.
In a statement, Maloney reportedly said the documents would provide a basis for pursuing Trump's "egregious conduct" and ensure that future presidents do not abuse their power for personal gain.
But the statement did not specify the terms of the settlement.
CNN reported that court documents show that the two sides reached an agreement on Aug. 30.
The committee also said that under the settlement, it agreed not to appeal the appeals court's ruling, and that Trump's accounting firm, Mazars, agreed to comply with the order and file the requested documents "as soon as possible."
Reuters said Trump did not respond to a request for comment.
The committee originally subpoenaed Trump's accounting firm, Mazars, in April 2019, seeking, among other things, years of financial records for Trump and his various business entities.
Trump challenged the subpoena in federal court, and both district and appeals courts declined to dismiss Democrats' subpoenas.
Trump appealed the matter to the Supreme Court, but the court sent the dispute back to a lower court for further hearing in July 2020.
With a new Congress in office in January 2021, Maloney again issued subpoenas for financial records.
Trump challenged the request again, but lost in federal district court.