Washington, D.C. – Today, Speaker Kevin McCarthy announced the House of Representatives is opening an impeachment inquiry into President Joe Biden.

“In recent months, House Republicans have uncovered serious and credible allegations into President Biden’s conduct; taken together, these allegations paint a picture of a culture of corruption.

“Now, here’s what we know so far:

“Through our investigations, we have found that President Biden lied to the American people about knowledge of his family’s foreign business dealings.

“Eyewitnesses have testified that the President joined multiple phone calls and had multiple interactions, dinners, resulting in cars and millions of dollars to his son and his son’s business partners.

“Bank records show that nearly $20 million in payments were directed to Biden family members and associates through various shell companies.

“The Treasury Department, alone, has more than 150 transactions involving the Biden family and other business associates that were flagged as “suspicious activity” by U.S. banks.

“Even a trusted FBI informant has alleged a bribe to the Biden family.

“Biden used his official office to coordinate with Hunter Biden’s business partners about Hunter’s role in Burisma, a Ukrainian energy company.

“Finally, despite these serious allegations, it appears that the President’s family has been offered special treatment by Biden’s own administration; treatment he would not otherwise have received if he were not related to the President.

“These are allegations of abuse of power, obstruction, and corruption, and they warrant further investigation by the House of Representatives.

“That’s why today, I am directing our House committees to open a formal impeachment inquiry into President Joe Biden. This logical next step will give our committees the full power to gather all the facts and answers for the American public.

“It’s exactly what we want to know, the answers, and I believe the President would want to answer these questions and allegations as well.

“This effort will be led by Chairman James Comer at the Committee on Oversight, in coordination with Chairman Jim Jordan of the Judiciary Committee and Chairman Jason Smith on Ways and Means.

“I don’t make this decision lightly. And Regardless of your party or who you may have voted for, these facts should concern all Americans.

“The American people deserve to know that public offices are not for sale – and that the federal government is not being used to cover up the actions of a politically-associated family.

“I would encourage the President and his team to fully cooperate with this investigation in the interest of transparency.

“We are committed to getting the answers for the American public – nothing more, nothing less.

“We will go wherever the evidence takes us.”

Media Release: Office of U.S. House Speaker Kevin McCarthy