Produce Epstein Treasury Records Act | ChamberLight
Bills · S 2746
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2746Finance and Financial Sector
Produce Epstein Treasury Records Act
INTRO SEP 9· LAST ACTION SEP 9
READING
4MIN
COSPONSORS
10
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
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Voters should care about this bill because it aims to bring transparency to the financial networks and transactions associated with Jeffrey Epstein, a figure central to a high-profile criminal case involving sex trafficking. If this bill becomes law, it would force the federal government to publicly release financial intelligence that could shed light on who financially supported Epstein, how his operations were funded, and whether financial institutions adequately reported suspicious activities. This could potentially expose individuals or entities who aided or profited from his crimes, or reveal failures in the banking system to detect and report illicit financial flows.
Without this bill, these suspicious activity reports and related investigative details would likely remain confidential, inaccessible to congressional oversight committees and the public. Passing this bill could contribute to greater accountability for those connected to Epstein's network and could highlight areas where financial regulations and enforcement need improvement. If it doesn't pass, the public and Congress would continue to lack direct access to these specific financial records, potentially hindering efforts to understand the full scope of Epstein's financial enablers.
KEY PROVISIONS
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PROVISION 01
Requires the Treasury Secretary to provide all suspicious activity reports (SARs) related to Jeffrey Epstein and his listed associates and entities to specific Senate committees.
This provision aims to reveal previously confidential financial intelligence about Epstein's network, which could uncover new information about his operations and those involved.
PROVISION 02
Mandates that the SARs be submitted as physical copies within 30 days of the bill's enactment to the Senate Finance and Banking Committees.
This sets a clear, short deadline for transparency and ensures congressional committees directly receive the information for oversight.
PROVISION 03
Requires a report within 30 days listing financial institutions that filed the SARs, flagged individuals/entities, and the total dollar value of transactions by institution.
This provides a comprehensive overview of the financial landscape surrounding Epstein's activities and the institutions involved.
PROVISION 04
Requires a report within 60 days detailing all Treasury investigations into financial institutions' handling of accounts identified in the SARs.
This provision aims to reveal whether financial institutions failed in their duties to report suspicious activities and if the Treasury investigated those failures.
Voters should care about this bill because it aims to bring transparency to the financial networks and transactions associated with Jeffrey Epstein, a figure central to a high-profile criminal case involving sex trafficking. If this bill becomes law, it would force the federal government to publicly release financial intelligence that could shed light on who financially supported Epstein, how his operations were funded, and whether financial institutions adequately reported suspicious activities. This could potentially expose individuals or entities who aided or profited from his crimes, or reveal failures in the banking system to detect and report illicit financial flows.
Without this bill, these suspicious activity reports and related investigative details would likely remain confidential, inaccessible to congressional oversight committees and the public. Passing this bill could contribute to greater accountability for those connected to Epstein's network and could highlight areas where financial regulations and enforcement need improvement. If it doesn't pass, the public and Congress would continue to lack direct access to these specific financial records, potentially hindering efforts to understand the full scope of Epstein's financial enablers.
KEY PROVISIONS
AI-extracted
high
Requires the Treasury Secretary to provide all suspicious activity reports (SARs) related to Jeffrey Epstein and his listed associates and entities to specific Senate committees.
This provision aims to reveal previously confidential financial intelligence about Epstein's network, which could uncover new information about his operations and those involved.
med
Mandates that the SARs be submitted as physical copies within 30 days of the bill's enactment to the Senate Finance and Banking Committees.
This sets a clear, short deadline for transparency and ensures congressional committees directly receive the information for oversight.
high
Requires a report within 30 days listing financial institutions that filed the SARs, flagged individuals/entities, and the total dollar value of transactions by institution.
This provides a comprehensive overview of the financial landscape surrounding Epstein's activities and the institutions involved.
high
Requires a report within 60 days detailing all Treasury investigations into financial institutions' handling of accounts identified in the SARs.
This provision aims to reveal whether financial institutions failed in their duties to report suspicious activities and if the Treasury investigated those failures.
Not later than 30 days after the date of enactment of this Act
Secretary of the Treasury to submit physical copies of all suspicious activity reports and a report listing financial institutions, flagged individuals/entities, and total dollar value of transactions.
Not later than 60 days after the date of enactment of this Act
Secretary of the Treasury to submit a report detailing all Treasury investigations into financial institutions regarding accounts identified in the suspicious activity reports.
GLOSSARY
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Suspicious Activity Report (SAR)
A confidential report filed by a financial institution with the U.S. government (specifically FinCEN) when it suspects a transaction or series of transactions may involve illegal activities, such as money laundering, fraud, or terrorist financing.
Secretary of the Treasury
The head of the U.S. Department of the Treasury, responsible for managing the government's finances and implementing financial policy.
Co-conspirators
Individuals who work together with another person to commit a crime, whether or not they have been formally accused or charged.
Financial Crimes Enforcement Network (FinCEN)
A bureau of the U.S. Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes.
Date of enactment
The date on which a bill officially becomes law after being passed by both houses of Congress and signed by the President (or if Congress overrides a presidential veto).
Committee on Finance of the Senate
A standing committee in the U.S. Senate responsible for matters relating to taxation, debt, tariffs, trade, and certain government programs.
ACTION TIMELINE
2 EVENTS
SEP 9, 25
Introduced in Senate
INTROREFERRAL
SEP 9, 25
Read twice and referred to the Committee on Finance.
