— Washington According to a court filing on Wednesday, former President Donald Trump has settled with Democrats on the House Oversight and Reform Committee and his accounting company, Mazars, in a lengthy court battle over a 2019 subpoena for years of his financial information.
Tuesday, attorneys for the former president informed the federal appeals court in Washington, D.C., that an agreement had been struck, but they did not elaborate on the conditions. The filing was made weeks after a three-judge panel of the appeals court approved the subpoena for years of Trump’s financial data but limited the Democrats’ request.
Trump requested a rehearing of the case by the whole D.C. Circuit last month, but that motion was withdrawn following an agreement with the Oversight panel.
The settlement was initially reported by Bloomberg.
The protracted legal battle between Trump and House Democrats began in April 2019 when the Oversight Committee filed a subpoena to Mazars requesting an array of financial information for Trump and numerous of his commercial organizations over a period of eight years.
Trump contested the subpoena in federal court, but both the district court and the U.S. Court of Appeals for the District of Columbia Circuit refused to dismiss the subpoena issued by Democrats. The former president filed an appeal with the Supreme Court, which remanded the case for further proceedings in July 2020.
Carolyn Maloney, chair of the Oversight Committee, reissued the subpoena to Mazars for the financial information upon the inauguration of the new Congress in January 2021. Trump again contested the request in federal district court, but lost.
While a three-judge panel on the D.C. Circuit maintained the committee’s jurisdiction to subpoena certain of Trump’s financial information, the appeals court stated on July 8 that it “cannot sustain the scope” of legislators’ request.
The Oversight Committee’s efforts to get years of the former president’s financial records are different from those of the House Ways and Means Committee, which has requested from the Treasury Department five years of federal income tax returns for Trump and many of his commercial companies.
Last month, a unanimous panel of three D.C. Circuit judges backed with Democratic lawmakers in their search for tax documents, declaring that the Ways and Means Committee can obtain the material. Trump’s legal team requested that the verdict be reconsidered by the entire D.C. Circuit.
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