Close ✕
Politics U.S.
Photo: Fortune

House Democrats prepare investigations of Trump and family businesses

Democrats secured enough seats to take control of the House, winning several competitive districts and holding three Florida seats Republicans had redrawn to flip. Estimates of the party’s eventual total varied, with projections ranging from at least 235 seats to about 248. President Donald Trump said he had not been on the ballot and claimed he would have won by a landslide if he had been.

The new majority will not be able to enact legislation over Trump’s opposition without a veto-proof vote. It can, however, block his priorities and use control of House committees to hold hearings, demand records and subpoena witnesses, including private companies and individuals.

Representative Robert Garcia, expected to lead the Oversight Committee, has said it will examine Trump family business interests, including cryptocurrency ventures, as well as alleged misconduct within the administration. Democrats have also signaled scrutiny of Jared Kushner’s business activities and diplomatic roles, and of allegations involving former ambassador Kimberly Guilfoyle. Kushner has denied wrongdoing; Trump has said his crypto venture is legal.

Investigators are expected to send a wave of letters and pursue inquiries into deals involving World Liberty Financial, including a reported $500 million investment linked to an Emirati royal. Democrats have also raised questions about a pardon for a Binance co-founder and defense contracts received by companies connected to Trump’s sons. The White House has dismissed the planned investigations as a partisan effort, and Democrats expect resistance as they seek records and testimony.

Reported by Fortune, MSNBC, The Daily Beast, New York Post.

How the story went

Related stories

Top stories now

About