Senate Finance Committee Chairman Ron Wyden has launched an investigation into Jared Kushner’s investment firm, Affinity Partners, citing concerns about foreign funding from Middle Eastern countries. Wyden, a Democrat from Oregon, argues that these investments raise the risk of foreign governments gaining undue influence in Washington.
Wyden’s investigation parallels Republican probes into Hunter Biden’s business dealings, highlighting bipartisan concerns about the influence of foreign money on U.S. politics. Wyden alleges that the financial structure of Affinity Partners may circumvent the Foreign Agents Registration Act, potentially hiding foreign influence.
“It is deeply troubling that Middle Eastern states are using funds managed by Affinity to pay millions in fees to Jared Kushner,” Wyden said. He expressed concerns that these investments might be intended to curry favor with Kushner, especially if he returns to a position of power.
Kushner’s firm has invested over $1 billion in various projects in Israel, Dubai, Abu Dhabi, and Europe. Wyden’s probe is particularly focused on a $2 billion investment from the Saudi Public Investment Fund (PIF), made just after Kushner left the White House in 2021.
Despite the scrutiny, Kushner maintains that his firm operates within legal bounds and aims to deliver strong returns for investors. He has minimized suggestions that he is seeking a return to the White House.
House Republicans have defended Kushner, with Rep. Jim Jordan (R-OH) calling the allegations against him “ridiculous” and praising his work on the Abraham Accords. House Oversight Committee Chairman James Comer (R-KY) criticized the Senate for not acting against Democrats like Sen. Robert Menendez, who faces bribery charges.
Wyden has requested detailed information from Affinity Partners by June 26, including a list of employees, investors, and communications with foreign entities. The investigation is particularly concerned with the motivations behind the Saudi PIF’s substantial investment.
As the investigation continues, it underscores the importance of transparency in political and business activities involving high-profile individuals. Wyden aims to ensure that foreign investments do not compromise U.S. national security or create conflicts of interest.
