Summary
President Trump and his family, as well as the Trump Organization, filed suit against one of their lenders and one of their banks late Monday, seeking to stop the financial firms from complying with subpoenas from congressional committees.
The lawsuit against Deutsche Bank, which has loaned Trump more than $360 million in recent years, and Capital One are designed to prevent the two institutions from providing records to the House Intelligence and Financial Services committees. The panels are led by Reps. Adam B. Schiff (D-Calif.) and Maxine Waters (D-Calif.), respectively.
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“This isn’t a close legal question,” said David Alan Sklansky, a professor at Stanford Law School. “I’m quite confident there has never been a situation where a congressional subpoena has been quashed without a finding that it violates a constitutional right.”
The claim that there is no legitimate need for the subpoena, or that it is politically motivated, is a “frivolous argument, even if it’s true,” he said. “That is not a basis for quashing a subpoena.”
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