US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
A bipartisan group of US lawmakers introduced the Epstein Wall Street Records Act on Thursday, October 15. Led by Senator Elizabeth Warren and Representative Robert Garcia, the legislation mandates that government bank regulators publicize documents related to Jeffrey Epstein. The bill also requires investigations into bank officials and institutions that financed Epstein to identify possible violations. This effort follows criticism from Senator Warren regarding the response from Barclays concerning a former executive's connections to the sex offender.
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- ✓ Senator Elizabeth Warren and Representative Robert Garcia led the introduction of the bipartisan legislation.
- ✓ The bill was announced on Thursday, October 15.
- ✓ The legislation requires government bank regulators to make public documents related to Jeffrey Epstein.
- ✓ The bill mandates investigations into bank officials and institutions for possible violations related to their ties to Epstein.
What changed
Lawmakers officially unveiled the Epstein Wall Street Records Act on October 15.
Live updates
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Lawmakers introduce bill to target Wall Street executives with Epstein ties
A bipartisan group of US lawmakers introduced the Epstein Wall Street Records Act on Thursday, October 15. Led by Senator Elizabeth Warren and Representative Robert Garcia, the legislation mandates that government bank regulators publicize documents related to Jeffrey Epstein. The bill also requires investigations into bank officials and institutions that financed Epstein to identify possible violations. This effort follows criticism from Senator Warren regarding the response from Barclays concerning a former executive's connections to the sex offender.
Why it matters
The legislation shifts the focus of the Epstein abuse scandal toward the financial institutions that enabled his activities. It aims to hold executives accountable for the financing of crimes. The move coincides with a broader Democratic effort to target bank ties to Epstein following the midterm elections.
What is confirmed
- Senator Elizabeth Warren and Representative Robert Garcia led the introduction of the bipartisan legislation.
- The bill was announced on Thursday, October 15.
- The legislation requires government bank regulators to make public documents related to Jeffrey Epstein.
- The bill mandates investigations into bank officials and institutions for possible violations related to their ties to Epstein.
- Congressman Raja Krishnamoorthi joined the bipartisan effort to introduce the bill.
What to watch next
- Congressional votes on the Epstein Wall Street Records Act
- Official responses from Barclays regarding the legislation
- Release of bank records by government regulators
confidence 100%Sources used for this update (15)
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- The Guardian — US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
- CNBC — Banks with Jeffrey Epstein ties eyed by Democrats Warren and Garcia
- The New York Times — Midterms Could Shift Focus of Epstein Abuse to Banks’ Role
- Bloomberg.com — Democrats Target Epstein Ties to Banks for Action After Midterms
- Quartz — Epstein Wall Street Records Act would force bank regulators to act
- okmagazine.com — Bipartisan U.S. Lawmakers Unveil Bill to Hold 'Epstein-Connected' Wall Street Bosses to Account for Financing Crimes - OK! Magazin....
- www.theguardian.com — US lawmakers unveil bill to hold Wall Street’s ‘Epstein ...
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- krishnamoorthi.house.gov — Krishnamoorthi Joins Warren, Garcia, Bipartisan Lawmakers in ...
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