House Oversight Committee Chairman James Comer on Thursday says his panel doesn't have a money trail showing that President Biden ever loaned his brother James $200,000, after a suspicious payment took place the same day James received $600,000 in loans from rural hospital operator, Americore.
The $200,000 check, written in 2018, was explained by the White House as the repayment of a loan - however Comer has his doubts, according to Just the News.
— Oversight Committee (@GOPoversight) October 20, 2023
"The White House has claimed Joe Biden loaned James Biden $200,000, and this check was repayment," Comer wrote to White House counsel Edward Siskel. "Records obtained by the Committee do show numerous large incoming transactions into the personal account of James and Sara Biden from various entities. Some of these transaction records may have obscured the identity of the true payer, but no records in the Committee’s possession state that Joe Biden made a large loan payment to his brother."
"If Joe Biden did personally loan James Biden an amount that was later repaid by the $200,000 check, please provide the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation," Comer continued.
James Biden allegedly received $600,000 in loans from Americore after convincing the firm he could use the family name to "open doors" and secure a large investment from the Middle East, the Kentucky Republican claimed last week. Comer has since suggested that, even if the president did give his brother the money in the form of a loan, the transaction was nonetheless evidence of personal benefit from his family's business activities. -Just the News
"Whether it was a loan or not, James Biden’s March 1, 2018, check to Joe Biden aptly demonstrates one way he personally benefited from his family’s shady influence peddling of his name and their access to him," Comer wrote to Siskel. "Even if the transaction in question was part of a loan agreement, we are troubled that Joe Biden’s ability to recoup funds depended on his brother’s cashing-in on the Biden brand."
See Comer's letter below:
