S. 4338

119 S4338 IS: Pedophile Financial Accountability Act
 U.S. Senate
 2026-04-16
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 4338  IN THE SENATE OF THE UNITED STATES   April 16 (legislative day, April 14), 2026   Mr. Wyden  introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To require the Director of the Financial Crimes Enforcement Network of the Department of the Treasury to carry out an investigation regarding whether financial institutions violated certain provisions of title 31, United States Code, with respect to transactions involving Jeffrey Epstein, and for other purposes.
1.
Short title
This Act may be cited as the   Pedophile Financial Accountability Act  .
2.
FinCEN investigation and report; referrals to Attorney General
(a)
Definitions
In this section:
(1)
Bank Secrecy Act
The term  Bank Secrecy Act  means subchapter II of  chapter 53  of title 31, United States Code.
(2)
Director
The term  Director  means the Director of FinCEN.
(3)
Employee
The term  employee  means an employee of a financial institution.
(4)
Financial institution
The term  financial institution  has the meaning given the term in section 5312(a) of title 31, United States Code.
(5)
FinCEN
The term  FinCEN  means the Financial Crimes Enforcement Network of the Department of the Treasury.
(6)
Suspicious activity report
The term  suspicious activity report  means a report required under section 5318(g) of title 31, United States Code.
(b)
Investigation
(1)
In general
The Director shall conduct an investigation into potential violations of the Bank Secrecy Act by financial institutions and employees relating to the handling of transactions involving Jeffrey Epstein.
(2)
Requirements
The investigation required under paragraph (1) shall include an examination of—
(A)
whether employees violated the Bank Secrecy Act by failing to properly screen and report suspicious activity to FinCEN in a timely manner, as required under the Bank Secrecy Act;
(B)
the facts and circumstances surrounding significant delays in the filing of suspicious activity reports, and the significant underreporting of suspicious activity reports, by financial institutions, including JPMorgan Chase and Bank of America, in relation to large cash withdrawals, deposits, and wire transfers to and from accounts maintained by—
(i)
Jeffrey Epstein; or
(ii)
co-conspirators of Jeffrey Epstein;
(C)
decisions by financial institutions to wait substantial periods of time before reporting the full extent of suspicious activity of Jeffrey Epstein to the Department of the Treasury;
(D)
whether individual employees asked for any business records or documents substantiating the economic or business purpose of large payments made by Jeffrey Epstein to his clients, including Leon Black, Les Wexner, and others;
(E)
whether financial institutions ever asked any wealthy individuals to provide records substantiating claims that multi-million dollar payments to Jeffrey Epstein were for purported tax and estate planning services;
(F)
whether financial institutions used authorities granted under section 314(b) of the USA PATRIOT Act ( 31 U.S.C. 5311  note) to screen large transfers to accounts maintained by Jeffrey Epstein; and
(G)
the conduct of senior executives of major financial institutions in relation to allowing employees to continue working with Jeffrey Epstein, even after exiting Epstein as a client over money laundering concerns.
(c)
Report
(1)
In general
Not later than 100 days after the date of enactment of this Act, the Director shall submit to Congress a report regarding the outcome of the investigation required under subsection (b).
(2)
Permissible information
Notwithstanding any other provision of law or regulation, the report required under paragraph (1) may contain information obtained from suspicious activity reports filed with FinCEN in relation to transactions that moved funds in and out of accounts maintained by Jeffrey Epstein.
(d)
Referral to Attorney General
Where appropriate, the Director shall make a referral to the Attorney General regarding any employee who the Director determines merits further investigation in connection with a potentially willful violation of the Bank Secrecy Act or other Federal anti-money laundering laws.