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September 29
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Oversight Committee Leading the Impeachment Inquiry
Since January, House Republicans have uncovered substantial evidence indicating that President Biden was not truthful with the American people regarding his knowledge and role in his family’s business ventures. Specifically related to the family’s influence peddling, or using his office as Senator, Vice President, and now President to enrich themselves.
The House Oversight and Accountability Committee has secured bank records, suspicious activity reports, emails, texts, and witness testimony outlining how the Biden family has used the President’s name as a “brand” to garner wealth globally, putting their personal interests before the nation’s and his ethical obligation as an elected official.
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 In our pursuit, we have reviewed thousands of financial documents related to the business dealings of the Biden family and their associates finding:
- Over 20 shell companies were established during Joe Biden’s Vice Presidency to move around foreign money
- The Bidens and their associates received over $20 million from foreign entities.
- Complex financial transactions that seem to have been used to conceal the origin and amounts of funds.
- Nine members of the Biden family are implicated or may have benefitted from such arrangements.
Previous testimony from Devon Archer, a former business associate of Hunter Biden, and two IRS whistleblowers have raised questions about President Biden’s interactions with foreign business entities and the subsequent handling of the investigation by the Justice Department. These revelations are the reason House Republicans initiated an impeachment inquiry into President Joe Biden.
On Thursday, I participated in the first House Oversight and Accountability Committee impeachment inquiry hearing into President Biden titled, “The Basis for an Impeachment Inquiry of President Joseph R. Biden, Jr.” During yesterday’s hearing, the Committee heard from a tax fraud expert, a former Department of Justice (DOJ) Tax Division head, and a legal expert who testified to the irregular nature of the way that the IRS and DOJ handled the investigation into Hunter Biden. The witnesses’ testimony seems to point towards a concerning pattern of obstruction showing that the Biden Administration was slowing down the judicial process at every step. .
My Republican colleagues and I engaged the witnesses in meaningful dialogue, presenting compelling evidence of corruption involving President Biden and his family. I asked Eileen J. O’Connor, a former head of the DOJ Tax Division, whether, given the apparent stonewalling by federal law enforcement into inquiries regarding the Biden family's dealings, members of Congress have the standing to investigate. Ms. O’Connor concurred that the actions of the DOJ and the Department of Treasury necessitate a thorough Congressional investigation. Such an investigation is pivotal to maintaining the integrity of our law enforcement agencies and ensuring that truth and justice are served. The American people deserve the truth about their leaders, and accountability must be upheld. The attempts to discredit this inquiry only fortify our resolve to uncover any potential obstructions and abuses of power involving the Biden family. |
Assessing the SEC's Rulemaking Process
On Wednesday, September 27, the House Financial Services Committee held a hearing for Gary Gensler, the Chairman of the Securities Exchange Commission (SEC), to testify for the second time during this session of Congress. The hearing was titled “Oversight of the Securities and Exchange Commission,” and was focused on the extensive regulations that the SEC has issued during the Biden Administration.
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 The hearing was focused on the Commission’s reluctance to consider stakeholder feedback and its failure to conduct comprehensive economic analyses when issuing regulations. Since the spring of 2021, the SEC has proposed over 50 rulemakings without adequately evaluating their cumulative effects. This approach jeopardizes the stability of the financial market and imposes excessive burdens on participants, investors, and small businesses.
Last November, the SEC announced a massive increase in enforcement fines – $6.4 billion in Fiscal Year 2022 a $3.8 billion jump compared to Fiscal Year 2021. Clearly, Chair Gensler has launched a full-on regulatory crusade against the financial services industry, and as members of Congress, it is our duty to hold the SEC accountable. From enhancing disclosures by certain investment advisors and investment companies about ESG investment practices to climate-related disclosures, the SEC’s enforcement is being used to further Democrat’s agenda.
Nevertheless, all House Financial Services Committee members, both Republican and Democrat, agree: the SEC has been unresponsive to Members of Congress. As Committee Chairman Patrick McHenry (NC-10) put it, “If this does not change, we will issue a congressional subpoena to Chair Gensler.” I look forward to continuing my work with Chairman McHenry to ensure federal agencies overseeing the United States financial markets are held accountable and operate in the interest of the American people. |
Looming Government Shutdown
Amid continuing deliberations surrounding the funding of the federal government on Capitol Hill, I want to reassure Texans that my office will remain open and responsive to your inquiries. My priority is to keep you informed and to mitigate any inconvenience or uncertainty that may arise due to developments in Washington. Below is a brief overview of services that will remain available during a lapse in government funding.
Available Essential Services
The following essential services will continue to operate to ensure the safety and well-being of the public:
- Social Security and Medicare: Social Security and Medicare benefits will continue to be disbursed.
- National Defense: All military services will remain active to protect the nation's security.
- Postal Services: The United States Postal Service (USPS) will continue mail processing and delivery.
- Law Enforcement and Public Safety: Federal law enforcement agencies such as the FBI, DEA, and ATF will continue their operations, as will federal prisons.
- Air Traffic Control and Transportation Security: Air traffic control services and transportation security screening will continue to ensure the safety of air travel.
- Emergency Services: Emergency services such as fire, ambulance, and rescue services will remain operational as they are not federally funded.
- Food Inspection and Safety: Agencies like the USDA will continue inspections to ensure the safety of the food supply.
- Border Protection: Customs and Border Protection (CBP) will continue to work at the nation's border.
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Austin-American Statesman: Two Central Texas lawmakers to serve on impeachment investigation on opposite sides
The Hill: Bipartisan battle over prescription intermediaries heats up
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| Sincerely, |
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| Pete Sessions |
| Member of Congress |
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