Federal Appeals Court Rejects Trumps Bid To Block House Subpoena For His Financial Records

(CNBC) Dan Mangan October 11 2019 A federal appeals court in a split ruling Friday rejected President Donald Trumps bid to block a subpoena for Trumps financial records from the Democrat-controlled House Committee on Oversight and Reform. The 2-1 ruling by the U.S Circuit Court of Appeals for the District of Columbia Circuit upheld a federal district court judges decision denying Trumps effort to stop the House committee from getting eight years worth of his financial records from the accounting firm Mazars USA. Fridays dissent came from Judge Neomi Rao who was appointed by Trump to the DC appeals court. The judges David Tatel and Patricia Millett voted to deny Trumps appeal to block the Houses request to Mazars for various financial statement related to the Trump Organization the Trump Corporation and the Trump Old Post Office in Washington. Tatel was appointed to the bench by President Bill Clinton while Millett was appointed by President Barack Obama. Contrary to the Presidents arguments the Committee possesses authority under both the House Rules and the Constitution to issue the subpoena and Mazars must comply" Tatel wrote in the majority opinion. Tatel also said that we conclude that in issuing the challenged subpoena the Committee was engaged in a legitimate legislative investigation. " The ruling does not mean that Trumps financial records will immediately be released to the House committee which had issued its subpoena for them on April 15.