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​House Republicans on Wednesday showed their cards on a sprawling investigation into the Biden family — sans a smoking gun that directly links President Joe Biden.

The roll out by Oversight Chair James Comer (R-Ky.) and GOP members of his panel marks the biggest public swing that Republicans have taken since November in a probe they’ve put at the center of investigations they hope will help them both keep their majority in 2024 and win the White House.

But the highly anticipated press conference also raises fresh questions about their ability to ultimately capture their white whale: the president himself. And Comer’s already faced plenty of doubt, including from some within his own party, that he can back up his promises to show Biden’s connection to his family’s business dealings.

No link has publicly emerged, and that didn’t change at Wednesday’s press conference.

Asked if he would ultimately be able to prove his central thesis, Comer sidestepped: “I don’t think anyone in America … would think that it’s just a coincidence that nine Biden family members have received money.”

“We believe that the president has been involved in this from the very beginning. Obviously, we’re going to continue to look,” he added, characterizing this as the “beginning stages” of his investigation.

Democratic Oversight Committee staff circulated their own memo on Wednesday, a copy of which was obtained by POLITICO, accusing Comer of misrepresenting suspicious activity reports, or SARs, that he has received from the Treasury Department. The records are submitted by banks to the Treasury but don’t necessarily indicate wrongdoing.

“None of the SARs allege, or even suggest, any potential misconduct by President Biden, and many of the SARs, including those on which Chairman Comer relies, are based on erroneous or unfounded claims,” the memo from Raskin’s staff says. (A GOP Oversight aide told POLITICO that the information in their memo is not based on the Treasury documents but instead separate bank records they received from subpoenas.)

Comer’s press conference comes as he’s competing for the investigative spotlight on other Biden investigations.

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