A graphic of President Trump behind a red screen of a tax return
Hammer Forum

Trump's Finances: Presidential Oversight or Presidential Immunity?

WEDNESDAY JUL 22, 2020 5PM PDT
Trump's Finances: Presidential Oversight or Presidential Immunity?
This video is also posted on YouTube where you can access captions and a full transcript.

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President Trump has zealously guarded the secrecy of his financial records. During the presidential campaign he went against decades of custom and practice and failed to release his tax returns. Congress subpoenaed Trump's financial records, saying they needed this information to assess possible foreign influence of elections and the adequacy of government ethics laws. The New York district attorney issued a grand jury subpoena for Trump's financial documents, saying this information is necessary to an investigation of potential violations of state law as related to hush money payments made to women who claimed they had affairs with Trump. 

As to the first case dealing with the Congressional committees, the Supreme Court sent the issue back to the lower courts to use a new legal standard to review the case. With respect to the second case, the Supreme Court held that the president is not absolutely immune from the issuance of a state criminal subpoena. The Supreme Court's decisions help to define the contours of Congressional power to subpoena a president's personal financial information and of presidential immunity from state criminal investigations.
 
Moderator and Loyola Law School professor Jessica Levinson joins Former Acting Solicitor General Neal Katyal and CNN Supreme Court reporter Ariane de Vogue to unpack the court's decisions and discuss what they mean for the Congressional power and Presidential immunity.

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