
The Epstein Wall Street Records Act aims to hold banks and executives accountable for allegedly enabling Jeffrey Epstein's sex trafficking operation.
AI-generated summary
Jeffrey Epstein was a financier convicted of sex trafficking. Lawmakers allege that certain financial institutions facilitated his operations.
Financial institutions and bank executives that may have aided the late financier Jeffrey Epstein's sex trafficking operation are in the sights of a bipartisan group of lawmakers.
Legislation introduced Thursday — and led by Sen. Elizabeth Warren, D-Mass., and Rep. Robert Garcia, D-Calif. — would require financial regulators to produce records related to Epstein, compel those regulators to investigate banks and executives with ties to the deceased convicted sex offender, and require industry bans and civil penalties for those found to have aided him.
"I have spent the last year calling on Donald Trump's financial regulators to launch investigations into the big banks and executives who may have enabled Jeffrey Epstein's horrific crimes," Warren, who leads the Senate banking committee, said in a statement. "Since they have failed to act, Congress must. The bipartisan Epstein Wall Street Records Act will ensure overdue accountability for the wealthy and well-connected on Wall Street who put profits over people."
The legislation is co-led in the House by Reps. Ro Khanna, D-Calif., Thomas Massie, R-Ky., and Raja Krishnamoorthi, D-Ill. Sens. Richard Blumenthal, D-Conn., Ron Wyden, D-Ore., and Ben Ray Lujan, D-N.M., signed on to the Senate version. The house version has 17 Democratic co-sponsors.
AI outlook — possibilities, not facts
Legislative debate on the Epstein Wall Street Records Act in Congress.
Likely · Within months

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