The New York-based appeals court upheld Congress’s broad investigative authority and ordered the two banks to comply with the House subpoenas for the president’s financial information. The case predates the public impeachment proceedings in the House.
“The Committees’ interests in pursuing their constitutional legislative function is a far more significant public interest than whatever public interest inheres in avoiding the risk of a Chief Executive’s distraction arising from disclosure of documents reflecting his private financial transactions,” states the ruling from Judge Jon O. Newman, who was joined by Judge Peter W. Hall.
