Produce Epstein Treasury Records Act
S.2746 – Produce Epstein Treasury Records Act to release certain Treasury suspicious activity reports
119th Congress
This bill orders the U.S. Treasury Department to give the Senate certain financial records and reports tied to Jeffrey Epstein and many named associates and institutions. It also requires summary reports on which banks filed those reports, who was flagged, and what investigations Treasury has done. It applies only to information held by Treasury and its components, such as the Financial Crimes Enforcement Network (FinCEN).
- Bill Number
- S2746
- Chamber
- senate
What This Bill Does
The bill requires the Secretary of the Treasury to send physical copies of all suspicious activity reports (SARs) related to Jeffrey Epstein, his co‑conspirators, and anyone who did financial transactions with him or entities he owned or controlled. These copies must go to the Chair and Ranking Member of the Senate Finance Committee and the Senate Banking, Housing, and Urban Affairs Committee within 30 days after the bill becomes law. The bill defines the covered records broadly. It lists many specific people, companies, trusts, banks, and other entities tied to Epstein by name, and then adds a catch‑all for any other person or entity any federal agency leader identifies as having transacted with Epstein or Ghislaine Maxwell. All SARs involving these people or entities, when connected to Epstein or his entities, must be included. Within 30 days of enactment, Treasury must also give the same Senate committees a report that lists all financial institutions that filed these SARs, all individuals and entities flagged in them, and the total dollar value of the reported transactions, broken down by financial institution. Within 60 days, Treasury must provide another report describing all investigations by any Treasury component, including FinCEN, into possible violations of federal financial laws by financial institutions in how they handled accounts named in these SARs.
Why It Matters
The bill focuses on how banks and other financial institutions handled money linked to Jeffrey Epstein and many associates. It could give Congress a clearer picture of which institutions reported suspicious activity, how much money was involved, and whether Treasury followed up with investigations. This information may affect how Congress views the enforcement of anti–money laundering and financial crime laws. Depending on what the records show, lawmakers could use the findings to consider changes in how banks are supervised, how SARs are used, or whether further inquiries into financial institutions are needed. The direct effects outside of congressional oversight are not specified in the bill and are unclear. Because the bill orders the production of sensitive financial reports to specific Senate committees, it also touches on how confidential banking data is shared within the federal government. It may influence future expectations about when Congress can obtain detailed financial records in high‑profile cases.