The House Intelligence Committee’s memo today on its revised subpoenas to @DeutscheBank is fascinating and quite important.
Bottom line is that this investigation appears to be very much alive. More thoughts in 🧵🧵🧵
Read the full 25-page memo here. intelligence.house.gov/uploadedfiles/…
Bottom line is that this investigation appears to be very much alive. More thoughts in 🧵🧵🧵
Read the full 25-page memo here. intelligence.house.gov/uploadedfiles/…
The @HouseIntel memo provides new details on why the committee needs @realDonaldTrump’s records from Deutsche. The memo describes Trump’s foreign financial entanglements as a potentially serious counterintelligence risk — one that has not yet been adequately investigated. 
To comply with the Supreme Court ruling last month, the committee is amending the subpoenas to narrow their scope. As described here, they’re reducing the # of Trump accounts they’re seeking info for, and they’re narrowing the date range.
But...it is clear that the subpoena (if Deutsche complies) will produce lots of info. Not just documents that Trump provided to the bank and not just data about transactions. Also internal bank records documenting money-laundering concerns or foreign guarantees on Trump debt.
Also interesting to note that @RepAdamSchiff @HouseIntel appear to be trying to work cooperatively with Trump et al to reach an out-of-court agreement on the scope of the subpoena. If that doesn’t work, more litigation lies ahead.
In addition to Intelligence Committee narrowing its Deutsche Bank subpoena, the Financial Services Committee is now only seeking internal bank records on Trump – not Trump's records themselves.
In theory, Trump can't object to that, since they're not his records.
In theory, Trump can't object to that, since they're not his records.
Trump's lawyers have responded in a new court filing. They are pushing to have the case sent back to the federal district court. Congress's lawyers argue that's simply a delay tactic and it should just be handled by federal appeals court.
