Banks with Jeffrey Epstein ties eyed by Democrats Warren and Garcia
Sen. Elizabeth Warren and Rep. Robert Garcia are leading new legislation to force banks and some executives to release records related to Jeffrey Epstein.
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.
The proposal would apply to the Federal Reserve , Federal Deposit Insurance Corporation , Treasury's Office of the Comptroller of the Currency and the Securities and Exchange Commission. None of the regulators immediately responded to a request for comment.
