It says that Cohen made hush-money payments to women who allegedly had affairs with Trump, and those payments were made "in coordination with and at the direction of" a candidate for federal office - Donald Trump.
His Democratic counterpart on the Intelligence Committee, Representative Adam Schiff, said Trump could be indicted once he leaves office and could "face the real prospect of jail time".
Federal prosecutors recommended a "substantial term of imprisonment" for President Trump's former personal attorney Michael Cohen; analysis from Jonathan Turley, George Washington University law professor.
"In or around November 2015, Cohen received the contact information for, and spoke with, a Russian national who claimed to be a "trusted person" in the Russian Federation who could offer the campaign "political synergy" and 'synergy on a government level, '" prosecutors wrote.
Nevertheless, whether the President is in office or out of it, it is sounding much more likely that "Individual-1" may face the prospect of an indictment into criminal acts.
Trump earlier this year acknowledged repaying his former lawyer Michael Cohen for the $US130,000 paid to porn star Stephanie Clifford, also known as Stormy Daniels.
US President Donald Trump on Saturday again denied that his campaign colluded with Russian operatives, but made no comment on claims that he directly organized hush payments to ward off a possible sex scandal during his White House run.
Courts have never had to answer the question of whether the president can pardon himself.
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Prosecutors noted Cohen had implicated the president in the payments. In contrast, he has said Cohen, who has co-operated with federal prosecutors, should go to jail.
Federal prosecutors in the Southern District of NY wrote on Friday that Mr Cohen said he was directed to make the payments by Trump.
Keep in mind that federal prosecutors have Cohen's recordings of conversations with Trump, and have granted immunity to the AMI executives who handled the McDougal payment. Bernstein told CNN's Reliable Sources segment that Trump's aides and legal team "are well aware that at least one of the principal witnesses who has been interviewed by Mueller... came out of being interviewed by Mueller and said 'they know everything about Russian Federation'".
After two years of President Donald Trump, a midterm election and a Russian Federation collusion investigation that's led nowhere, you'd think Democrats would've found a new rally call. Their candidness about Trump's misconduct in the sentencing memo suggests they are relying on more than just Cohen's say-so.
"I think the prosecutors in NY make a powerful case against that idea", he added.
Even if the House should take the exceedingly rare step of launching impeachment proceedings, Trump's Republicans control the Senate, where the final and decisive vote would take place.
The incoming Democrat-led House will certainly be considering this question.