Treasury Mandated to Deliver Epstein Financial Records to Congress Within 30 Days

If you’re the kind of person who follows financial crime and Congressional oversight, this bill is a big deal. The Produce Epstein Treasury Records Act is about forcing the federal government to open its files on the late Jeffrey Epstein’s financial network.

The 30-Day Clock on Financial Secrets

What’s happening here is simple: Congress is using this bill to demand specific, sensitive records from the Treasury Department. Within 30 days of this law passing, the Secretary of the Treasury must hand over copies of every Suspicious Activity Report (SAR) that names Epstein, his partners (like Ghislaine Maxwell), or any associated companies and third parties, directly to the leaders of the Senate Finance and Banking Committees (SEC. 2).

Think of SARs as red flags filed by banks when they see transactions that look like money laundering, fraud, or other financial crimes. They are the banking world’s internal alarm system. By demanding all SARs connected to this network, the bill is essentially giving Congress the roadmap to Epstein’s financial operations and who might have enabled them.

Who’s On the List, and Why It Matters

The bill doesn’t just ask for “Epstein records.” It provides a specific, detailed list of individuals, trusts, and major financial institutions that must be included in the search—names like J.P. Morgan Chase, Deutsche Bank, Les Wexner, Peter Thiel, and various law firms (SEC. 2). This means the Treasury can’t just do a quick search; they have to pull every SAR connected to this extensive financial web. For the big banks listed, this means intense scrutiny over whether they followed the law (specifically Subchapter II of chapter 53 of title 31, U.S. Code) and reported suspicious activity properly.

This is a huge administrative lift for the Treasury and its Financial Crimes Enforcement Network (FinCEN), which manages these reports. They have to pull years of records and organize them for Congress on a tight deadline. For the financial institutions involved, this raises the heat considerably, as the records will show exactly what they knew, when they knew it, and what they reported.

Reporting the Damage and the Dollars

Beyond just handing over the SARs, the Treasury Secretary has two critical reporting duties with strict timelines. First, within that same 30-day window, the Secretary must report which financial institutions filed the SARs and detail the total dollar amount of suspicious transactions, broken down by each institution (SEC. 2).

Second, within 60 days, the Secretary must deliver a report detailing any investigations conducted by the Treasury or FinCEN into whether these financial institutions violated federal laws related to handling these accounts (SEC. 2). This second report is key because it tells us if the federal government already knew about potential compliance failures by the banks and what, if anything, they did about it.

In short, this bill cuts through the bureaucracy. It uses Congressional oversight power to force the release of high-level financial intelligence—data normally kept secret to protect ongoing investigations—to shed light on a notorious criminal network. For the public, this means a significant step toward transparency about how financial institutions handle complex, high-risk clients and whether the enforcement system is working.