Key Democrats ask State, Defense for records on Kushner family business

Two Democratic congressional committee chairs have co-authored letters to the State and Defense departments on Tuesday asking for an array of records on Jared Kushner’s family business, raising concerns about his financial interests as he influenced the Trump administration’s foreign policy in the Persian Gulf.

House Oversight and Reform Committee Chairwoman Carolyn Maloney (N.Y.) and Senate Finance Committee Chairman Ron Wyden (Ore.) in asking for the records cited previously undisclosed emails that largely relate to a 2018 bailout of a Kushner-owned office building. The request comes as part of the committees’ investigation into whether the former White House senior adviser’s financial conflicts of interest improperly influenced U.S. policy.

The letters, which were first reported by The Washington Post, detail how Canadian investment firm Brookfield Asset Management cut a previously known deal to pay a 99-year lease up front on the Kushner family’s 39-story office building in midtown Manhattan, worth about $1.1 billion, helping the Kushners avoid defaulting on impending loan payments.

Maloney and Wyden stressed that the fund that paid for the bailout included the Qatar sovereign wealth fund as its second-largest investor.

“Given the substantial personal financial benefit Brookfield conferred on Mr. Kushner and his family, we are deeply concerned by Mr. Kushner’s personal involvement in a range of policy-making processes in which he appears to have exercised his influence as a senior U.S. government official on matters directly affecting Brookfield and its investors,” Maloney and Wyden wrote.

“We have been fully transparent and responded to all requests,” Brookfield said in a statement. “As we have said all along, the decision to acquire this building was based purely on its own merits—it was an iconic, underperforming building in a prime location in need of significant redevelopment. The building has now been transformed, and we believe it will exceed our expectations in delivering value for our clients.”

The Hill has reached out to Kushner’s company for comment.

Kushner, who is married to former President Trump’s daughter Ivanka Trump, was heavily involved in the administration’s Middle East policy.