Washington, D.C. — Rep. Robert Garcia, Ranking Member of the House Committee on Oversight and Government Reform, demanded answers from Jared Kushner, founder and Chief Executive Officer of Affinity Partners, on the apparent conflict of interest regarding the hundreds of millions of dollars his corporation has invested in Israeli firm Phoenix Financial, which is invested in Israeli military companies. Kushner simultaneously has a special envoy role in President Trump’s Middle East conflict, serving as a key envoy in the region; a status which allows him to dodge financial disclosure requirements.
“Jared Kushner is helping negotiate Middle East policy for his father-in-law, even as his firm is the top investor in Phoenix Financial. Phoenix Financial holds up to $456 million in companies that supply Israel’s military, including its largest arms manufacturer. Kushner’s apparent conflicts of interest throughout the region pose serious security threats, which must be investigated,” said Ranking Member Robert Garcia.
In the letter to Jared Kushner, Ranking Member Robert Garcia wrote, “Oversight Democrats are investigating the unprecedented and dangerous ways in which President Trump and his family have profited directly from their access to power. Public reporting has revealed that while you have been acting as a key envoy in the Middle East, including a purported attempt to negotiate a ceasefire to end the conflict in Gaza, your firm, Affinity Partners, is the largest shareholder in an Israeli company with more than $456 million invested in nine companies that supply Israel’s military, including its largest arms manufacturer. Your dual role as your father-in-law’s Middle East and Gaza negotiator while investing in a company that makes profits investing in arms manufacturing presents significant conflicts of interest, all while you avoid disclosing your financial entanglements to Congress or the American people. Since you continue to conduct foreign policy on behalf of the Trump Administration while having raised billions of dollars in capital provided to Affinity Partners by Gulf monarchies, I request detailed information about your business dealings in the Middle East to understand whether your significant financial gains have come at the cost of Americans’ safety and security.”
In March 2026, Ranking Member Robert Garcia demanded answers from the White House following reports that Jared Kushner had been soliciting billions of dollars from Middle Eastern state sovereign wealth funds for his private equity firm, Affinity Partners, while simultaneously co-leading the Trump Administration’s negotiations in the Middle East.
In August 2025, Ranking Member Garcia sent letters to President Trump’s son-in-law, Michael Boulos, his associate James Frangi, and Saudi businessman Abdulelah Allam following reports that Mr. Boulos received $100,000 for leveraging his ties to President Trump to help Mr. Allam recover assets seized by the Saudi government. This letter was part of the Oversight Democrats’ broader oversight of Trump’s family members, including Jared Kushner, whose private equity firm, Affinity Partners, received billions in foreign funding from the sovereign wealth fund of Saudi Arabia shortly after Kushner left the White House following the first Trump Administration.
In 2024, Ranking Member Garcia and Ranking Member Jamie Raskin urged Chairmen James Comer and Glenn Grothman to hold a hearing regarding Kushner’s apparent influence peddling and quid pro quos for actions he undertook to reshape U.S. foreign policy in the Middle East and beyond, as senior adviser in President Trump’s first Administration, following reports that Kushner was close to finalizing investments in Albania and Serbia and leveraged relationships he built during his time as a senior adviser in his father-in-law’s White House.
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