US lawmakers unveil bill to hold Epstein-connected Wall Street bosses accountable

Summarised from 2 outlets · Updated 15 Oct, 17:33 · Archive

US lawmakers have introduced a bipartisan bill to force financial regulators to investigate banks and executives with ties to sex offender Jeffrey Epstein, who died in prison in 2019 while awaiting trial on child sex-trafficking charges.

The Epstein Wall Street Records Act, led by Senator Elizabeth Warren and House representatives Robert Garcia, Ro Khanna, Thomas Massie and Raja Krishnamoorthi, would require the Federal Reserve, Securities and Exchange Commission, Treasury's Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation to investigate potential breaches of banking and investment laws. Those found to have aided Epstein could face fines or bans from the US financial sector.

Warren said: "Since the big banks won't hold themselves accountable – and the Trump administration won't either – Congress must act to force real transparency and accountability for them and their executives who enabled Jeffrey Epstein's crimes." The bill comes as Warren condemned UK bank Barclays for "dodging responsibility" over its failure to vet former chief executive Jes Staley and his ties to Epstein.

How it is being reported

• Banks with Jeffrey Epstein ties eyed by Democrats Warren and GarciaSen. Elizabeth Warren and Rep. Robert Garcia are leading new legislation to force banks and some executives to release records related to Jeffrey Epstein.CNBC · 15 Oct, 16:30
• US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to accountMove comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offender US lawmakers have unveiled a new bill to hold Wall Street’s “Epstein-connected” bosses to account for helping finance the late sex offender’s crimes. It came as top Democratic senator Elizabeth Warren condemned the UK bank Barclays for “dodging responsibility” over its failure to vet former boss Jes Staley and his ties to the once well-connected billionaire. Continue reading...The Guardian · 15 Oct, 14:30

In this story: Elizabeth Warren · Robert Garcia · Thomas Massie · Jeffrey Epstein · Jes Staley · Barclays · Federal Reserve · Securities and Exchange Commission

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