Rep. Jamie Raskin Opens Investigation Into Howard Lutnick and His Former Firm's Tariff Dealings

The top Democrat on the House Judiciary Committee has opened an investigation into potential conflicts of interest between Commerce Secretary Howard Lutnick and his former firm, Cantor Fitzgerald, following the Supreme Court’s decision on the legality of President Donald Trump’s emergency tariffs.

In a letter exclusively obtained by NOTUS and sent Friday to the commerce secretary and his son, Cantor Fitzgerald Chair Brandon Lutnick, Rep. Jamie Raskin of Maryland pressed the Lutnicks on the firm’s alleged conflicts of interest.

“[W]hile you were championing these illegal tariffs and telling the American public to ‘rest assured, tariffs are not going away,’ your son Brandon Lutnick—as your immediate successor as chairman of your former firm Cantor Fitzgerald—was reportedly betting millions of dollars that they would be struck down by the courts,” Raskin wrote. “Now that the Supreme Court has finally rejected President Trump’s brazen and unlawful power grab, the firm reportedly stands to make extraordinary profits of millions of dollars at the expense of American taxpayers.”

“This arrangement raises significant ethical, legal, and policy questions that demand a full public accounting,” Raskin added.

https://www.notus.org/congress/jamie-raskin-howard-lutnick-congress-house-investigation-tariffs