White House spokesman Raj Shah said the document has been transmitted to the minority and majority members in the House Intelligence Committee. The document was also sent to House Speaker Paul Ryan's office, he said.
The White House requested no redactions, Shah said, according to CNN.
Speaking in the Oval Office, Trump implied the memo revealed political bias at the FBI. He said he believed the purported bias was a "disgrace" and said certain people should be "ashamed of themselves."
This will likely have major repercussions for the relationship between the Justice Department and Capitol Hill.
More From This Section
The memo's release would also threaten to further fracture the frayed relationship between the president and his justice department and intelligence community, both of which opposed the release of the document, which is based on classified intelligence.
The FBI issued a rare public warning on Wednesday that the memo omits key information that could impact its veracity.
In a statement earlier this week, Nunes said, "It's clear that top officials used unverified information in a court document to fuel a counter-intelligence investigation during an American political campaign."
The memo alleges FBI abused its surveillance tools during its probe into the alleged Russian collusion in the 2016 US presidential election.
"The top Leadership and Investigators of the FBI and the Justice Department have politicised the sacred investigative process in favour of Democrats and against Republicans - something which would have been unthinkable just a short time ago," Trump said in a tweet.
"Rank and File are great people!" he added.
The tweet also puts Trump squarely on the side of the Republican lawmakers who view the memo as a document that exposes the nefarious designs of the FBI.
"'You had Hillary Clinton and the Democratic Party try to hide the fact that they gave money to GPS Fusion to create a dossier which was used by their allies in the Obama administration to convince a court misleadingly, by all accounts, to spy on the Trump Team, Tom Fitton'," Trump wrote.