Produce Epstein Treasury Records Act

Bill Number

S. 2746

Origin Chamber

Senate

Congress

119th Congress, Session 1

Policy Area

Finance and Financial Sector

Status

Introduced

Latest Action

2025-09-09: Read twice and referred to the Committee on Finance.

Last Updated

2025-12-18T12:03:20Z

AI-Generated Summary

Purpose The legislation directs the Secretary of the Treasury to release specific financial records related to Jeffrey Epstein and his associates to designated Senate committees. It aims to increase congressional access to information on suspicious financial activity connected to Epstein.

Key Provisions

• Requires the Secretary of the Treasury to deliver physical copies of all suspicious activity reports (SARs) involving Jeffrey Epstein, Ghislaine Maxwell, and a detailed list of their co-conspirators, associates, and related entities within 30 days of the bill's enactment.
• The records cover transactions by named individuals and organizations, including banks such as J.P. Morgan Chase, Deutsche Bank, and others; trusts and companies linked to Epstein; and high-profile figures such as Leon Black, Les Wexner, and Alan Dershowitz.
• Mandates two additional reports: one listing the financial institutions that filed the SARs, the individuals and entities mentioned, and the total transaction amounts (due in 30 days); and another detailing any Treasury investigations into violations of federal banking or financial crime laws tied to these accounts (due in 60 days).
• Authorizes the Secretary to include any other individuals or entities identified by federal agencies as having transacted with Epstein or Maxwell.

Significant Changes to Existing Law The bill creates a new, time-bound requirement for the Treasury Department to produce otherwise confidential SARs directly to Congress. It does not amend the underlying Bank Secrecy Act but overrides standard confidentiality protections for this specific set of records by mandating their disclosure to the Senate Finance and Banking Committees.

Potential Impacts

• Government agencies: Places immediate compliance obligations on the Treasury Department and its components, such as the Financial Crimes Enforcement Network (FinCEN), to locate, copy, and deliver records within strict deadlines.
• Citizens and private entities: Exposes financial details of listed individuals, companies, and banks to congressional review, which could lead to further public or legal scrutiny.
• International relations: Involves records from foreign-linked banks (for example, Deutsche Bank, Alfa Bank, Standard Chartered, and HSBC), potentially affecting cross-border financial oversight and relations with institutions in multiple countries.

Main Stakeholders Affected

• The Senate Committee on Finance and the Senate Committee on Banking, Housing, and Urban Affairs (recipients of the records).
• The Department of the Treasury and FinCEN (responsible for production and reporting).
• Financial institutions named in the bill and any others that filed relevant SARs.
• The listed individuals, trusts, companies, and their representatives.

Notable Legal, Constitutional, or Political Implications The measure raises questions about congressional access to sensitive financial intelligence typically protected under privacy and anti-money-laundering statutes. It concentrates authority in the executive branch to identify additional covered parties while limiting distribution to two Senate committees. No public release of the records is required, preserving some confidentiality while enabling legislative oversight.

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Wyden, Ron [D-OR]

Cosponsors (10)

Sen. Klobuchar, Amy [D-MN], Sen. Warren, Elizabeth [D-MA], Sen. Schumer, Charles E. [D-NY], Sen. Schiff, Adam B. [D-CA], Sen. Merkley, Jeff [D-OR], Sen. Luján, Ben Ray [D-NM], Sen. Cortez Masto, Catherine [D-NV], Sen. Kim, Andy [D-NJ], Sen. Whitehouse, Sheldon [D-RI], Sen. Schatz, Brian [D-HI]

Recent Actions

• 2025-09-09: Read twice and referred to the Committee on Finance.
• 2025-09-09: Introduced in Senate

Bill Versions

• Produce Epstein Treasury Records Act — issued 2025-09-09 — PDF (7 pages)