Rep. Adam Schiff (D-CA), the committee's top Democrat, has been the biggest critic of his counterpart Rep. Devin Nunes's (R-CA) memo, which was released last Friday.
Adam Schiff, who wrote the second memo, welcomed Monday's vote by the Republican-controlled committee on which he is the top-ranking Democrat.
Schiff and other Democrats charge that Nunes' memo is inaccurate and misleading, and the 10-page Schiff memo goes point-by-point to counter the charges in the Nunes memo.
The assumption at the White House is that Trump won't stand in the way of the Democratic memo's release, but White House officials are also warning against predicting how a characteristically mercurial President will decide the Democratic memo's fate once he has read it.
President Donald Trump accused the House Intelligence Committee's top Democrat Monday of criminally leaking sensitive information. Eighty-five percent of Democrats and 51 percent of Republicans said they supported an interview.
When Fox News' Bret Baier asked Nunes on Friday, "Did you or anyone on your committee coordinate in any way with President Trump or the administration on the release of this memo?"
The Devin Nunes memo's primary focus is that the Christopher Steele dossier contained the critical information to obtain a FISA warrant.
Sen. John McCain, R-Ariz., warned that "elected officials, including the president, must stop looking at this investigation through the warped lens of politics and manufacturing partisan sideshows".
"Should Bannon maintain his refusal to return and testify fully to all questions, the committee should begin contempt proceedings to compel his testimony", Schiff said.
"To the extent the memo deals with the dossier and the FISA process, the dossier has nothing to do with the meeting at Trump Tower", Gowdy said. "Obviously, the chairman of the intelligence committee will have discussions with folks in the White House on all sorts of matters, but nothing with respect to coordination of the memo that I'm aware of", White House deputy press secretary Raj Shah said Monday.
"Sessions's silence is evidence that Trump's public neutering of anyone close to this investigation is working", said Paul Pelletier, a Democratic candidate for Congress in Virginia who was a long-time federal prosecutor. "This memo totally vindicates "Trump" in probe", he tweeted. Steele authored a now-famous dossier alleging ties between Trump associates and the Kremlin, a document at the center of Republicans' complaints about the bureau.
If the memo gets out of the committee, it would then head to the White House for a declassification review - leaving the decision in the President's hands.
Mr Schiff also took to Twitter to fire back a response: "Mr President, I see you've had a busy morning of "Executive Time".
And after it was released, Trump claimed the memo "totally vindicates" him in the Russian Federation investigation, even though the document did not address the allegations of collusion or obstruction of justice that have become central to the special counsel's probe. This is not about the Nunes memo-which is nothing more than a sloppy, bad faith attempt to distract from the Special Counsel's Russian Federation investigation. His office rebuts that claim, saying the real abuse of power was using unverified information bought and paid for by one political campaign to justify government surveillance of former Trump campaign foreign policy adviser Carter Page.