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The White House released a statement Wednesday suggesting it would veto the SHIELD Act (Stopping Harmful Interference in Elections for a Lasting Democracy) passed by the House, which would require federal campaigns to report foreign election influence.

The big picture: The White House argues that the SHIELD Act would "result in significant over reporting to the FBI and FEC, leading to fruitless inquiries and wasted time and resources." It acknowledged the importance of limiting foreign election interference, but argued that the bill would "produce harmful unintended consequences without achieving that goal."

  • Special counsel Robert Mueller testified in July that many countries are working to replicate Russia's interference in the 2016 elections and that "they expect to do it during the next campaign." The bipartisan Senate Intelligence Committee provided further evidence this month that the Kremlin sought to tilt the 2016 presidential election in President Trump's favor.
  • In the second volume of its report, the committee recommended that the Trump administration "reinforce with the public the danger of attempted foreign interference in the 2020 election." Trump has ridiculed the idea that Russia interfered in the 2016 presidential election as recently as August.

Go deeper: Trump calls on foreign power to interfere in U.S. election for third time

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Updated 4 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 18,147,574 — Total deaths: 690,573 — Total recoveries — 10,753,815Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 4,687,828 — Total deaths: 155,062 — Total recoveries: 1,468,689 — Total tests: 56,812,162Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
  5. Public health: Former FDA chief says MLB outbreaks should be warning sign for schools.

Filing suggests Manhattan DA is investigating Trump for possible fraud

Photo: Brendan Smialowski/AFP

The Manhattan District Attorney's office suggested for the first time Monday that it's investigating President Trump and his company for "alleged bank and insurance fraud," the New York Times first reported.

The state of play: The disclosure was made in a filing in federal court that seeks to force accounting firm Mazars USA to comply with a subpoena for eight years of Trump's personal and corporate tax returns.

House Democrats subpoena top Pompeo aides in probe of IG firing

Mike Pompeo. Photo: Jim Lo Scalzo-Pool/Getty Images

The Democratic chairs of the House Oversight and House Foreign Affairs committees announced subpoenas Monday for four State Department officials as part of their investigation into the firing of former Inspector General Steve Linick.

Why it matters: The two committees, in addition to Democrats on the Senate Foreign Relations Committee, are investigating whether Linick was fired because he was probing Secretary of State Mike Pompeo and the State Department's attempts to bypass Congress to sell weapons to Saudi Arabia and the United Arab Emirates.