United States: House Republicans Want To Restructure The SEC…And Sack The Chair - Cooley LLP

The release of an FBI informant's unverified allegations about the Biden family's dealings with Burisma has led to questions about why Burisma was paying a vice president's son tens of thousands of dollars a month. The allegations, contained in an FD-1023 form released to Sen. Chuck Grassley by whistleblowers, suggest that Burisma wanted to launch an IPO in the United States and was seeking to buy an American energy company. This move would have required regulatory approval and could have been highly profitable for anyone involved. However, it is important to note that the key details in the form are not verified or corroborated. The informant claimed that Burisma's CEO thought having Hunter Biden on the board would protect the company from its legal issues, and there were allegations that money was sent to both President Biden and Hunter Biden. The information released by Grassley and House Oversight Republicans has fueled GOP investigations into the Biden family, but the White House has strongly denied any wrongdoing, stating that these claims lack credibility.

In remarks on Monday to the National Press Club, SEC Chair Gary Gensler, after first displaying his math chops—can you decipher "the math is nonlinear and...