Epstein Bill Would Push Regulators to Disclose Bank Probes
This bipartisan measure would require federal regulators to publicly disclose supervisory records within 120 days, a timeline Bloomberg reports could result in industry bans for bank executives.
- On Thursday, Senator Elizabeth Warren and Representative Robert Garcia introduced the Epstein Wall Street Records Act, a bipartisan bill requiring federal regulators to release records related to Jeffrey Epstein.
- Senator Warren stated she spent the last year calling on financial regulators to launch investigations into banks and executives who enabled Epstein, yet regulators failed to act.
- The legislation forces federal regulators, including the Federal Reserve and Securities and Exchange Commission, to make public within 120 days any supervisory records related to Epstein or Ghislaine Maxwell.
- With 17 Democratic co-sponsors in the House, the bill aims to increase transparency for Wall Street institutions, though Republicans currently control the legislative agenda.
- Executives found to have facilitated Epstein's financial activities could face industry bans and civil penalties, with Democrats anticipating increased leverage after midterm elections.
15 Articles
15 Articles
Epstein-linked banks face judgment day as Trump deteriorates
President Donald Trump has not only struggled to keep Epstein files under wraps, but he’s also called federal watchdogs off banks with ties to the deceased convicted sex-trafficker. But Trump’s power is waning, reports Bloomberg, and the people who want to reveal Epstein’s connections to the U.S. banking industry are coming for them — regardless of Trump’s protective hand.“Key Democrats on Thursday unveiled legislation that would force federal r…
Democrats Target Epstein Ties to Banks
“Key Democrats on Thursday unveiled legislation that would force federal regulators to disclose financial records related Jeffrey Epstein and his associates,” Bloomberg reports. “The measure also would require regulators to investigate banks and their executives for potential related legal violations.”
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