House investigators asked the White House Thursday for proof that a $200,000 check given to President Biden in 2018 by his brother was a loan repayment and not a payoff from a business deal.
House Oversight and Accountability Chairman James Comer wrote to White House Counsel Edward Siskel seeking loan documents, including the loan payment from the president to his brother, James Biden.
Mr. Comer, Kentucky Republican, told Mr. Siskel in the letter that such documentation would have been kept for the IRS, which has specific requirements for reporting and distinguishing “below-market loans” from gifts. Mr. Comer has been scouring bank records in search of payments to Mr. Biden, who, according to witnesses, played at least a passive role in helping his family secure lucrative business deals.
Mr. Comer said Americore wired a $200,000 loan into James and Sara Biden’s personal bank account on March 1, 2018. The same day, James Biden wrote a $200,000 check from the same personal bank account to Mr. Biden.
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