The House Intelligence Committee reached a settlement with Fusion GPS on Saturday, giving the panel access to the private intelligence firm's bank records as part of its investigation into the so-called Steele dossier on President Trump.

"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 said in a statement.

Fusion GPS was first retained by the Washington Free Beacon, a conservative website, during the 2016 GOP primary to perform opposition research on Trump.

Marc Elias, a lawyer for Hillary Clinton's presidential campaign also hired the firm to look into her general election opponent, a move that eventually produced the dossier after Fusion hired Christopher Steele, a former British spy.

The House panel is working to determine who paid for the research behind the dossier, which contained several salacious allegations against Trump. It was not immediately clear when Fusion GPS's bank records would be turned over to the committee.