Rep. Adam Schiff announced Wednesday the House Intelligence Committee will narrow its subpoena for President Donald Trump's financial records, The Hill reports.
The announcement comes after the Supreme Court ruled 7-2 that the lower courts didn’t balance the interests of both Congress and the executive branch in the dispute over the request for the president’s financial records.
"Although not required by the Supreme Court’s opinion, the Committee will voluntarily narrow its subpoena to those records that are absolutely necessary to satisfy the Committee’s investigative needs and to fulfill the Committee’s legitimate oversight and legislative objectives," Schiff wrote in a memo to House members.
The House panel had won its legal battle to obtain access to the president’s financial records up until the Supreme Court decision.
The California lawmaker noted that the new subpoena will not ask for certain records that pre-date Jan. 1, 2015. It also will only ask for documents tying Trump and his immediate family to "any foreign individual, entity or government," as part of an investigation into potential schemes aimed at influencing the administration. The new subpoena will also only ask for details about transactions of $10,000 or more.
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