Speaker of the House Kevin McCarthy walks with reporters after votes in the House, at the Capitol in Washington on June 22 (AP)

House Speaker Kevin McCarthy said on Tuesday that the US House of Representatives is making preparations to launch an impeachment process against US President Joe Biden.

The reason, he says, is owed to evidence that may point out that the President and his family have been involved in corruption schemes overseas.

Biden supposedly claimed throughout his 2020 elections that he was never engaged in business-related activities and that his family never received "a dollar" from China, McCarthy added.

"Which we now prove is not true... rising to the level of impeachment inquiry which provides Congress the strongest power to get the rest of the knowledge and information needed," McCarthy told Fox News.

According to McCarthy, the President has been employing strategies that were last practiced during the former US President Richard Nixon's administration.

These include weaponizing the government for personal gains and benefits to his own family, as well as denying Congress "the ability to oversight."

Kevin McCarthy tells Sean Hannity that the House is getting ready to impeach Joe Biden. pic.twitter.com/MWxFyoZfrE
— Truthseeker (@Xx17965797N) July 25, 2023

A week ago, US Senator Chuck Grassley and House Oversight Committee Chairman James Comer released a partially redacted FBI record, the FD-1023 form, alleging that Biden received a bribe from an executive working for the Ukrainian energy company Burisma.

According to the document, Biden and his son Hunter allegedly received an equal amount of $5 million each to help end a corruption probe into Burisma by then-Prosecutor General of Ukraine Viktor Shokin.

Shokin was fired and then replaced by Hunter in 2015 "to protect us, through his dad, from all kinds of problems," Burisma CEO Mykola Zlochevsk told a confidential source, noting that he felt coerced into making the payment and maintaining proof of the deal.

Chuck Grassley on Fox News: "We are not interested in whether the allegations against Vice President Biden are accurate or not." @atrupar pic.twitter.com/uVJwLEeZ9V
— The Intellectualist (@highbrow_nobrow) July 22, 2023