Document ID: ./input/supremecourt_opinions/opinions/19pdf/19-715_febh.pdf
Page Number: 8.0

Cite as:  591 U. S. ____ (2020) 

3 

Opinion of the Court 

financial documents, but each supplied different justifica-
tions for the requests.

The House Committee on Financial Services issued two 
subpoenas, both on April 11, 2019.  App. 128, 154, 226.  The 
first,  issued  to  Deutsche  Bank,  seeks  the  financial  infor-
mation of the President, his children, their immediate fam-
ily members, and several affiliated business entities.  Spe-
cifically,  the  subpoena  seeks  any  document  related  to 
account  activity,  due  diligence,  foreign  transactions,  busi-
ness statements, debt schedules, statements of net worth, 
tax returns, and suspicious activity identified by Deutsche
Bank.  The second, issued to Capital One, demands similar 
financial  information  with  respect  to  more  than  a  dozen
business  entities  associated  with  the  President.    The 
Deutsche  Bank  subpoena  requests  materials  from  “2010
through the present,” and the Capital One subpoena covers 
“2016 through the present,” but both subpoenas impose no
time limitations for certain documents, such as those con-
nected to account openings and due diligence.  Id., at 128, 
155. 

According to the House, the Financial Services Commit-
tee issued these subpoenas pursuant to House Resolution 
206, which  called for “efforts to close loopholes that allow 
corruption,  terrorism,  and  money  laundering  to  infiltrate 
our country’s financial system.”  H. Res. 206, 116th Cong., 
1st Sess., 5 (Mar. 13, 2019).  Such loopholes, the resolution
explained, had allowed “illicit money, including from Rus-
sian  oligarchs,”  to  flow  into  the  United  States  through 
“anonymous  shell  companies”  using  investments  such  as
“luxury  high-end  real  estate.”    Id.,  at  3.  The  House  also 
invokes the oversight plan of the Financial Services Com-
mittee, which stated that the Committee intends to review 
banking  regulation  and  “examine  the  implementation,  ef-
fectiveness, and enforcement” of laws designed to prevent 
financing  of  terrorism. 
money 

laundering  and  the