Dems: 'Significant questions' about Kushner loans

Prominent Democrats are pressing for more information about White House adviser Jared KushnerJared Corey KushnerThe Hill's Morning Report - Democrats duke it out during Nevada debate Blagojevich heaps praise on Trump after release from prison The Hill's Morning Report - Sanders on the rise as Nevada debate looms MORE’s involvement in loans made last year to Kushner Companies, saying there are “significant questions” about the transactions.

The Kushner family real-estate business, Kushner Companies, received loans worth more than $500 million from Citigroup and the private equity firm Apollo Global Management after officials had multiple White House meetings with Kushner, according to The New York Times.

The Times reported that the loan Apollo made to Kushner Companies was three times the size of the average loan given by its real-estate unit. 


Kushner Companies and the two lenders say meetings were not related to the loans and deny that the financing was related to Kushner’s position in the White House.

In letters sent Monday to Kushner Companies and the White House counsel’s office, four Democrats — Rep. Elijah CummingsElijah Eugene CummingsTop Democrats demand answers on DHS plans to deploy elite agents to sanctuary cities House to vote next week on bill to create women's history museum The Hill's Morning Report - Icy moments between Trump, Pelosi mark national address MORE (Md.), the ranking member of the House Oversight and Government Reform Committee, and Sens. Elizabeth WarrenElizabeth Ann WarrenWarren declines to disavow super PAC that supports her San Diego Union-Tribune endorses Buttigieg 'Where's your spoon?' What we didn't learn in the latest debate MORE (Mass.), Tom CarperThomas (Tom) Richard CarperThe Trump administration's harmful and immoral attack on children Consensus forming for ambitious climate goal: Net zero pollution Overnight Energy: Controversial Trump adviser reportedly returning to EPA | Delta aims to be first carbon neutral airline | Dem senator gives EPA D-minus on 'forever chemicals' MORE (Del.) and Gary PetersGary Charles PetersState officials press Congress for more resources to fight cyberattacks Bipartisan lawmakers introduce bill to combat cyberattacks on state and local governments Senate drama surrounding Trump trial starts to fizzle MORE (Mich.) — questioned whether the real estate company has benefitted from Kushner’s position in the White House. 

“If true, these reports raise significant questions about what was discussed in these meetings, the terms of these loans, and what Mr. Kushner knew about Kushner Companies’ solicitations for financial assistance,” the Democrats wrote in the letter to Kushner Companies

The Democrats asked Kushner Companies to provide by March 16 information about the terms of the loans from Citigroup and Apollo, as well as information on any investments sought and received by the company since the 2016 election.

In the separate letter, addressed to Stefan Passantino, a deputy counsel to the president and designated agency ethics official, the Democrats asked for information about Kushner’s divestment from Kushner Companies. They also requested a detailed description of the meetings he had with the two lenders, among other things. 

The Democrats said previous inquires to the White House about Kushner’s business holdings went unanswered.

“In the meantime, Mr. Kushner appears to have maintained his financial holdings in Kushner Companies over the course of his first year serving in the White House,” they wrote.

The report of the loans came one day after Kushner had his White House security clearance downgraded, and following a report in The Washington Post that foreign governments have sought to “manipulate” the adviser’s connections to Kushner Companies.

Kushner’s business dealings are reportedly under scrutiny from special counsel Robert MuellerRobert (Bob) Swan MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE as Mueller continues his investigation into possible ties between Russia and the Trump campaign — including Kushner’s role in the campaign — during the 2016 election.