Biden summarized his various business ventures over the past couple decades, which included a few partnerships with his nephew Hunter. But Joe Biden “played no role, was not involved with, and received no benefits,” his brother said.
Republicans have also seized on two checks that James Biden gave his older brother, one for $200,000 labeled “loan repayment,” and another for $40,000. GOP lawmakers insist these were actually Joe Biden’s share of profit from his brother’s businesses. Jim Biden, however, said they were nothing more than repayment for money his brother loaned him when he fell on hard times.
“With my appearance here today, the Committees will have the information to conclude that the negative and destructive assumptions about me and my relationship with my brother Joe are wrong,” Biden said. “There is no basis for this inquiry to continue.”