1. United States
2. Md.
3. Letter

I am writing to urge you to call for a thorough investigation into Treasury Secretary Scott Bessent's financial disclosures and potential conflicts of interest that could compromise his ability to serve the American people impartially. According to recent reports, Secretary Bessent has disclosed debt exceeding $50 million owed to Goldman Sachs. This extraordinary level of personal indebtedness to one of the world's most powerful financial institutions raises serious questions about his independence in making decisions that affect both Goldman Sachs and the broader financial sector. When the person overseeing our nation's finances owes tens of millions of dollars to a major Wall Street bank, the potential for conflicts of interest is undeniable. These concerns become even more acute in light of the $55 billion Saudi Arabia-Electronic Arts acquisition currently under consideration. As Treasury Secretary, Bessent has significant influence over foreign investment reviews and financial regulatory decisions that could directly impact Goldman Sachs's interests. The American people deserve to know whether his massive debt obligation creates undue influence over his decision-making process. This situation demands immediate congressional oversight. I am asking you to support a comprehensive investigation into Secretary Bessent's financial entanglements, including the terms of his debt to Goldman Sachs, any ongoing financial relationships, and potential conflicts with his official duties. The investigation should examine whether these debts create leverage that could be used to influence Treasury Department policies. The integrity of our financial system depends on public confidence that the Treasury Secretary acts in the national interest rather than the interests of creditors or Wall Street institutions. When someone in this position owes $50 million to a major bank, that confidence is severely undermined. Please take action to ensure transparency and accountability at the highest levels of our government's financial leadership.