Schiff plans to obtain Deutsche Bank records of Trump's personal finances

Rep. Adam SchiffAdam Bennett SchiffSchiff: Intelligence agencies focused on Russian interference 'even if the president isn't' Schiff: Intelligence agencies focused on Russian interference 'even if the president isn't' Schiff: Bolton, Pompeo undercutting Trump's attempts to stay out of war MORE (D-Calif.) told The New Yorker that he plans to subpoena information on President TrumpDonald John TrumpTrump cites tax cuts over judges as having biggest impact of his presidency Trump cites tax cuts over judges as having biggest impact of his presidency Ocasio-Cortez claps back at Trump after he cites her in tweet rejecting impeachment MORE's personal business transactions from Deutsche Bank regarding allegations that the president's financial interests in Russia are affecting his foreign policy positions.

Schiff, who will likely chair the House Intelligence Committee come January, said he believes answers to whether Trump was involved in money laundering with Russia lie in records held by the German-owned bank, which Trump banked with extensively during the 1990s.

“Is that why Trump is so pro-Russian? Is his financial interest guiding his foreign policy?” Schiff asked in an interview with the magazine.

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“We are going to be looking at the issue of possible money laundering by the Trump Organization, and Deutsche Bank is one obvious place to start,” he continued.

His efforts have the support of House Minority Leader Nancy PelosiNancy PelosiOcasio-Cortez claps back at Trump after he cites her in tweet rejecting impeachment Ocasio-Cortez claps back at Trump after he cites her in tweet rejecting impeachment GOP nervous that border wall fight could prompt year-end shutdown MORE (D-Calif.), who told The New Yorker that Schiff's takeover of the Intelligence panel would restore credibility to the body.

“I have complete confidence in him to be very strategic in how he returns the Intelligence Committee to a bipartisan arena, without doing what Devin NunesDevin Gerald NunesHillicon Valley: Hacker group targeted electric grid | House Democrats press CBP over facial recognition program | Senators offer bill to protect health data | Groups file FCC complaint over carriers' use of location data Hillicon Valley: Hacker group targeted electric grid | House Democrats press CBP over facial recognition program | Senators offer bill to protect health data | Groups file FCC complaint over carriers' use of location data Lawmakers grapple with deepfake threat at hearing MORE did as chairman of the committee, which I thought bordered on the criminal," Pelosi told the magazine, referring to the Republican congressman from California.

Nunes faced heavy criticism during the House's investigation of Russia's election interference due mainly to his perceived proximity to the White House and complaints from Democrats that the panel was not pursuing lines of investigation that would be inconvenient to the president.

Schiff said there is still much the House can do to investigate Trump's financial ties without impeding the ongoing special counsel investigation, which also subpoenaed records from Deutsche Bank last year.

"The American people have a right to know that their President is working on their behalf, not his family’s financial interests,” Schiff said. “Right now, I don’t think any of us can have the confidence that that’s the case.”