“We actually have bank records in hand. We have individuals who are working with our committee … four individuals who had ties in with the Biden family on their various schemes around the world” said House Oversight Committee Chairman James Comer (R-KY) on Fox News.

“So now we have, in hand, documents that show just exactly how the Biden family was getting money from the Chinese Communist Party, and I will tell you, it’s as bad as we thought … it’s very concerning” Comer continued.

After much back and forth, the Treasury Department has agreed to provide the House Oversight Committee with “suspicious-activity reports for the Biden family and their associates’ business transactions”, Comer announced Tuesday.

In a statement to National Review, Comer stated that the department’s decision to share the reports — which financial institutions are required to file when they detect unusual transactions that could signal illegal activity — comes after Treasury officials previously spent two months “dragging their feet.”

National Review reports:

Comer first demanded information from Treasury Secretary Janet Yellen about the Biden family and their associates’ suspicious business transactions in a letter on January 11.

On March 7, Comer asked Jonathan Davidson, the department’s assistant secretary for legislative affairs, to submit to a transcribed interview with committee staff on March 14 to explain why the department had still not turned over the requested information weeks after the initial deadline of January 25. That interview is postponed now that the department is providing access to the reports, the committee said.

“It should never have taken us threatening to hold a hearing and conduct a transcribed interview with an official under the penalty of perjury for Treasury to finally accommodate part of our request,” Comer said Tuesday. “For over 20 years, Congress had access to these reports but the Biden Administration changed the rules out of the blue to restrict our ability to conduct oversight.”

National Review adds that Comer also noted that bank documents the committee has already obtained reveal that a company owned by a Biden associate received a $3 million wire from a Chinese energy company just two months after Biden left the vice presidency.

“Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family,” Comer said. “We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat.”

Comer concluded: “If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance.”