The ranking members are Representative Robert Garcia (D-Calif.) (Left) and Sen. Elizabeth Warren (D-Mass.).
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A bipartisan group of lawmakers is focusing on financial institutions and bank executives who may have supported the late Jeffrey Epstein’s sex trafficking operations.
The bill was introduced Thursday and is led by Sen. Elizabeth Warren (Massachusetts) and Rep. Robert Garcia (D-Calif.). – Requires financial regulators to turn over records related to Epstein, requires regulators to investigate banks and executives with ties to the deceased convicted sex offender, and imposes industry bans and civil penalties on those found to have supported him.
“For the past year, I have called on President Donald Trump’s financial regulators to launch investigations into the major banks and executives who may have enabled Jeffrey Epstein’s horrific crimes,” Warren, the top Democrat on the Senate Banking Committee, said in a statement. “Given their failure to act, Congress must act. The bipartisan Epstein Wall Street Records Act will ensure overdue accountability for the wealthy and connected on Wall Street who put profits over people.”
The bill is co-led in the House by Rep. Ro Khanna, Democrat of California, Rep. Thomas Massey, Republican of Kentucky, and Rep. Raja Krishnamoorthy, Democrat of Illinois. Sens. Richard Blumenthal (D-Conn.), Ron Wyden (D-Ore.), and Ben Ray Lujan (D.M.) signed the Senate version. The House version has 17 Democratic co-sponsors.
The proposal would apply to the Federal Reserve System, Federal Deposit Insurance Corporation, Treasury Department’s Office of the Comptroller of the Currency, and the Securities and Exchange Commission. Spokespeople for the Fed and OCC declined to comment. Spokespeople for other regulators did not respond to requests for comment.
Since the beginning of President Trump’s second term, Democrats and some Republicans have been pressuring the president to release records on Epstein and investigate individuals and companies connected to him.
Mr. Warren sought answers from: barclays, goldman sachs, JP Morgan Chase and Regarding his relationship with Epstein. And Wyden, in his capacity as the top Democrat on the Senate Finance Committee, said in August that “JP Morgan Deutsche Bank, and bank of america The agency violated federal anti-money laundering laws by failing to timely review and report Epstein’s suspicious financial transactions. ”
Barclays, Goldman Sachs and JPMorgan Chase all declined to comment Thursday.
The fallout from the Epstein files has been politically dangerous for Republicans, who largely opposed efforts led by Massey and Khanna to force a vote to release the documents. After President Trump belatedly expressed support for the bill, the Epstein File Transparency Act passed both houses of Congress almost unanimously and was signed into law in November 2025. The bill was intended to force the Justice Department to release records related to Epstein.
But ahead of November’s midterm elections, Democrats have ramped up campaign ads in recent weeks attacking Republican opponents who have opposed the release of the Epstein files in the past. And those who advocated for public release of the files have continued to demand accountability in Washington and Wall Street.
“The Epstein File Transparency Act forced the attorney general to release files from the Justice Department, the FBI, and the U.S. Attorney’s Office. This bill would do the same for banking regulators. For survivors, justice means following the money,” Massey, who has fallen out with President Trump over efforts to release the Epstein file, said in a statement.
