This bill requires the U.S. Treasury Department to release suspicious activity reports (SARs) filed by banks related to Jeffrey Epstein and over 150 named individuals and entities, including major financial institutions like JPMorgan Chase, Deutsche Bank, and Bank of America, as well as associates and companies connected to Epstein's operations. Within 30 days of enactment, the Treasury Secretary must submit physical copies of all relevant SARs to two Senate committees, along with a detailed report listing which financial institutions filed the reports, which individuals and entities were flagged, and the total dollar values of transactions involved. The bill also requires a second report within 60 days identifying any investigations the Treasury Department and its Financial Crimes Enforcement Network conducted into potential violations of federal law by banks in handling Epstein-related accounts. The legislation aims to bring transparency to financial transactions connected to Epstein and his associates and to reveal what financial institutions knew about these accounts.
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