House Intelligence Committee narrows subpoena for Trump's financial records after Supreme Court ruling

House Intelligence Committee narrows subpoena for Trump's financial records after Supreme Court ruling
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The House Intelligence Committee announced on Wednesday that it would narrow its subpoena for President TrumpDonald TrumpUS gives examples of possible sanctions relief to Iran GOP lawmaker demands review over FBI saying baseball shooting was 'suicide by cop' House passes bill aimed at stopping future Trump travel ban MORE's financial records after the Supreme Court dealt a temporary setback for the congressional investigation last month.
Rep. Adam SchiffAdam Bennett SchiffGroups see new openings for digging up dirt on Trump Overnight Defense: Administration says 'low to moderate confidence' Russia behind Afghanistan troop bounties | 'Low to medium risk' of Russia invading Ukraine in next few weeks | Intelligence leaders face sharp questions during House worldwide threats he Hillicon Valley: Biden administration sanctions Russia for SolarWinds hack, election interference MORE (D-Calif.) announced that the renewed subpoena for records held by Deutsche Bank would be limited as Congress and the executive branch continue to battle in court over the president's personal 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.
Trump sued to block the subpoena, as well as similar ones issued by the House Oversight and Financial Services Committees. The House panels won every round of the court fights until they reached the Supreme Court, which ruled 7-2 that the lower courts did not adequately balance the interests of both branches in the dispute.
The ruling ensures that the House will not get its hands on Trump's financial records before the November election.
In another decision last month, the Supreme Court rejected Trump's argument that he had absolute immunity to a similar subpoena from the Manhattan district attorney's office, which also requested the president's tax returns.
In his memo on Wednesday, Schiff said that the new subpoena will limit the time period for which it is seeking records by five years. It also will only ask for documents tying Trump and his immediate family members to "any foreign individual, entity or government," as part of a probe into potential schemes aimed at influencing the administration.
Trump's attorney did not immediately respond when asked for comment.