Trump’s former accounting firm to hand over financial documents to House Democrats

Carolyn Maloney, chair of the House Oversight and Reform Committee, said on Thursday that the panel reached an agreement with former President Donald Trump and his ex-accounting firm, Mazars USA, to obtain his financial records, ending years of lawsuits.

“After years of delaying tactics, the commission has now reached an agreement with the former president and his accounting firm, Mazars USA, to obtain crucial documents,” Maloney, DN.Y., said in a statement Thursday. “These documents will inform the committee’s efforts to get to the bottom of former President Trump’s abusive behavior and ensure that future presidents do not abuse their position of power for personal gain.”

Led by the late Rep. Elijah Cummings, D-Md., the commission initially subpoenaed Mazars in April 2019. Attorneys for Trump and the Trump Organization were quick to sue Cummings in an attempt to block the subpoena for years of financial administration. from various Trump entities. However, the subpoena expired with the new Congress.

Last year, Maloney sent another subpoena to Mazars over the commission’s investigation into potential conflicts of interest with the president. In July, a federal appeals court ruled that the commission has the power to retrieve some of the files, but limited the scope of what it can search.

Mazars said in a statement to NBC News that he was unable to comment on the agreement.

“Due to the professional obligations of our industry, Mazars cannot discuss existing or former customers, the status of our relationships, or the nature of our services in a public forum without customer consent or as required by law,” the company said. “We remain committed to meeting all of our professional and legal obligations.”

The Trump Organization has not responded to NBC News’ request for comment.

Trump’s tax returns and underlying tax documents were previously handed over to Manhattan District Attorney Cyrus Vance last year. That subpoena for Mazars’ tax documents was executed after the Supreme Court refused to stop production in a separate case following an emergency request from Trump’s lawyers. Under New York state law, materials handed over to a grand jury must be kept secret.

Earlier this year, Mazars said it would no longer cooperate with the Trump Organization in a letter made public by New York Attorney General Letitia James as part of her civil investigation into the company. In his letter, Mazars said a decade of statements from the Trump Organization could no longer be relied upon.

Haley Talbot contributed.

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