House Intelligence Committee and Fusion GPS reach settlement over bank records

Agreement relates to the panel's subpoena of the firm's bank records

The committee, one of several investigating Russian efforts to influence the election and allegations of collusion, subpoenaed Fusion GPS and the firm's bank on Oct. 4.

"The emergency legal action taken last week by Fusion GPS helped the company honor its legal obligations and protect its First Amendment rights," Fusion GPS lawyer Joshua Levy said in a statement. "Today's result required the involvement of the Court to strike the balance between Congress' right to information and our client's privileges and legal obligations."

The committee issued a statement confirming a deal.

"The parties have reached an agreement related to the House Intelligence Committee's subpoena for Fusion GPS's bank records that will secure the Committee's access to the records necessary for its investigation," the committee statement said.

Revelations about the funding of the research into Trump's business, which the House committee was hoping to reveal via subpoena, answered one of the biggest mysteries of the 2016 presidential campaign.

"The Free Beacon had no knowledge of or connection to the Steele dossier, did not pay for the dossier, and never had contact with, knowledge of, or provided payment for any work performed by Christopher Steele," the Beacon editors said in a statement.

"To assist in its representation of the DNC and Hillary for America, Perkins Coie engaged Fusion GPS in April of 2016, to perform a variety of research services during the 2016 election cycle," a spokesman for Perkins Coie, a law firm retained by the Clinton campaign and the DNC, wrote in a letter obtained by ABC News. "By its terms, the engagement concluded prior to the November 2016 Presidential election."