Comer Announces Hearing on Treasury Department’s Failure to Produce Biden Family & Associates’ Transactions Flagged by Banks

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Comer Announces Hearing on Treasury Department’s Failure to Produce Biden Family & Associates’ Transactions Flagged by Banks

The following press release was published by the House Committee on Oversight and Reform on March 4. It is reproduced in full below.

Washington, DC - Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a statement in response to the Obama administration’s new proposal to clarify the rules regarding the political activity that tax-exempt social welfare groups can engage in:

“Today by clarifying the confusing regulations governing the amount of political campaign activity that tax-exempt organizations can conduct, the Internal Revenue Service and the Treasury Department have taken another important step in implementing the recommendations made by the Inspector General earlier this year. Our investigation has shown that reforming these tax rules is essential, and I hope that we can put aside partisan politics and work together to ensure that these reforms work for everyone."

Source: House Committee on Oversight and Reform

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