Ohio Republican Jim Jordan, chair of the House Judiciary Committee, has subpoenaed Bank of America as part of an investigation into the handling of customer data related to the January 6, 2021, Capitol riot.
Jordan complained that the bank had refused to voluntarily provide documents concerning the information shared with the FBI following the riot.
He expressed concern about the bank providing information to the FBI voluntarily and without legal process, and called for reforms to protect Americans’ information. (Trending: Hunter Biden Indicted on 9 New Criminal Charges)
The investigation is part of several inquiries related to the government’s handling of the Capitol riot by House Republicans.
“On May 25, 2023, we requested your voluntary cooperation with our oversight efforts to determine the extent to which financial institutions, such as Bank of America Corporation (BoA), worked with the FBI to collect Americans’ data. In response, the Committee has received 223 pages of documents responsive to our original requests. However, to date, BoA has refused to provide the Committee and Select Subcommittee with the filing it turned over to the FBI,” the letter read.
“Indeed, if such a lawful authority exists, as BoA asserts, for BoA to freely share private financial information without any legal process or specific nexus to criminality, Congress has a responsibility to consider reforms that adequately protect Americans’ information,” the letter added.
“It should not be the case that federal law enforcement has carte blanche access to Americans’ financial information by deeming a transaction or class of transactions as ‘suspicious’ or otherwise.”
“For that reason, to inform such legislation, it is critical that the Committee understand the full extent of the information-sharing between BoA and the FBI, including review of BoA’s ‘filing’ that it emailed to the FBI.”