Judge: I See No Reason To Delay A Decision On Congress Receiving Trump's Financial Records

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Posted: May 12, 2019 10:15 PM
Judge: I See No Reason To Delay A Decision On Congress Receiving Trump's Financial Records

Source: AP Photo/Alex Brandon

A judge for the United States District Court in Washington, D.C. is expected to decide whether or not the House Committee on Oversight and Reform is entitled to President Donald Trump's taxes. The other question is if Mazars is legally allowed to hand over Trump's financial records. Judge Amit Mehta said he would make his decision on May 14th. 

"The sole question before the court – Is the House Oversight Committee's issuance of a subpoena to Mazars USA LLP for financial records of President Donald J. Trump and various associated entities a valid exercise of legislative power? – is fully briefed, and the court can discern no benefit from an additional round of legal arguments," Mehta wrote in his decision. "Nor is there an obvious need to delay ruling on the merits to allow for development of the factual record."

The Trump team and the House Oversight Committee have until Monday to object to his decision to fast track a decision. 

The House Oversight Committee issued their subpoena in mid-April after hearing from Trump's former personal attorney, Michael Cohen. During the meeting, Cohen told lawmakers Trump's accountants frequently inflated assets or omitted liabilities in order to avoid paying taxes. 

Once the subpoena was issued to Mazars, Trump filed a lawsuit agains Mazars and the Committee to prevent the records from being disclosed. 

The Trump family filed a similar lawsuit against Deutsche Bank and Capital One after the House Intelligence and Financial Services Committees subpoenaed the financial institutions for obtain financial records. 

Trump's team has continually said these types of subpoenas are Democrats' latest fishing expedition and "have no legitimate or lawful purpose."

Here's the full order: