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

Rep. Adam SchiffAdam Bennett SchiffThe Hill's 12:30 Report: Trump, Dems eye next stage in Mueller fight Sanders: 'No discussion' of pardoning former Trump aides White House exults on Mueller victory lap MORE (D-Calif.) told The New Yorker that he plans to subpoena information on President TrumpDonald John TrumpTrump: 'Haven't thought about' pardons for Mueller target Pence: Rocket attack 'proves that Hamas is not a partner for peace' Conservation remains a core conservative principle 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.

ADVERTISEMENT

“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 Patricia D'Alesandro PelosiThe Hill's 12:30 Report: Trump, Dems eye next stage in Mueller fight After Mueller, Democrats need to avoid the Javert trap More than a half-million web articles published on Russia, Trump, Mueller since investigation began: analysis 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 NunesThe Hill's 12:30 Report: Trump, Dems eye next stage in Mueller fight Nunes on Mueller report: 'We can just burn it up' Nunes faces tough odds with Twitter lawsuit 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.”