The 2010 deal approved by the Obama Administration basically gave the Russian uranium company Uranium One rights to twenty percent of the USA uranium reserves.
Donald Trump and Republicans also allege that the uranium company donated to the Clinton Foundation to enlist Mrs Clinton's support - an accusation she dismissed as "baloney". However, the Canadians involved in the deal with Russian Federation were later revealed to have been donors to The Clinton Foundation, and some of the donations were not publicly disclosed.
In doing so the Republicans are moving to resurrect allegations that the Obama administration, in which Hillary Clinton served as Secretary of State, mishandled the deal which gave Russian Federation control over more than 20 per cent of U.S. uranium supplies.
The House Oversight and Intelligence committees' investigation also resurrects allegations that Clinton or others in the Obama administration mishandled a government decision to green-light a deal giving Russian Federation control over a sizable percentage of the United States' uranium resources.
The investigation centres on Rosatom, the state-owned Russian nuclear energy company, which began buying shares in Uranium One - a Toronto based enterprise with interests in the USA - in 2009.
Intelligence Committee Chairman Devin Nunes, R-Calif., said Tuesday that the panel has "been looking into this for a while now" but chose to formally start the inquiry in light of new evidence, reported in the Hill, that the Federal Bureau of Investigation had been investigating Russian efforts to influence the American nuclear industry through various corrupt schemes. "And if so, why was Congress not informed of this matter?"
"It's important we find out why that deal went through", said NY congressman Peter King, who raised objections to the agreement years ago.
Devin Nunes (R-CA), Chairman of the House Intelligence Committee, announced the probe on Tuesday.
"Acting on the urging of the President who has repeatedly denied the intelligence agencies' conclusions regarding Russian involvement in our election, they are created to distract attention and pursue the President's preferred goal - attacking Clinton and Obama", Rep. Adam Schiff (D-CA) said in a statement. "This is more about uranium and whether or not government functioned properly or not", Nunes said.
Nunes also reportedly added that he's spent weeks talking to "informants" on the subject, but the White House has nothing to do with his quest.
Bossie doubled down that those collusion allegations are "fabricated", but he argued the same can not yet be said of reports about the Clintons' involvement in the Uranium One deal.
The panel's top Democrat spoke out against the uranium probe Tuesday, describing it as a "coordinated distraction" from the Russian Federation interference in the 2016 election, a subject the panel is investigating.
"This fact pattern raises serious concerns about improper political influence on the process by the Clintons during the Obama administration", Grassley said.