,,ii #aaith ,,congress #b;d ,session ,s4 #efhe ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,october #ae1 #bjbf,ms4 ,warren 7for herself1 ,mr4 ,blumenthal1 ,mr4 ,lujn1 and ,mr4 ,wyden71 under authority of the order of the ,senate of ,september #cj1 #bjbf1 introduced the following bill2 which was ordered read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to require the disclosure of supervisory records of certain financial institutions that relate to ,jeffrey ,epstein1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,epstein ,wall ,street ,records ,act of #bjbf4 #b4 ,epstein supervisory records 7a7 ,definitions ,in this section3 7#a7 ,covered institution ,the term covered institution means any current or former financial institution with known or alleged ties to-- 7,a7 ,jeffrey ,epstein2 7,b7 any entity owned or controlled by ,jeffrey ,epstein1 whether directly or through any representative of ,jeffrey ,epstein2 7,c7 ,ghislaine ,maxwell2 or 7,d7 an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell4 7#b7 ,covered record ,the term covered record means a supervisory record 7including an examination report1 the notes of an examiner1 a supervisory communication between a financial regulatory agency and a covered institution1 an investigatory filing1 a matter requiring attention1 a matter requiring immediate attention1 an internal communication of a financial regulatory agency regarding a covered institution1 and any other record created or obtained in connection with the financial regulatory agency's supervision of a covered institution7 that-- 7,a7 a financial regulatory agency maintains with respect to a covered institution2 and 7,b7 relates to-- 7i7 ,jeffrey ,epstein2 7ii7 any entity owned or controlled by ,jeffrey ,epstein1 whether directly or through any representative of ,jeffrey ,epstein2 7iii7 ,ghislaine ,maxwell2 or 7iv7 an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell4 7#c7 ,financial regulatory agency ,the term financial regulatory agency means-- 7,a7 the ,board of ,governors of the ,federal ,reserve ,system2 7,b7 the ,office of the ,comptroller of the ,currency2 7,c7 the ,federal ,deposit ,insurance ,corporation2 and 7,d7 the ,securities and ,exchange ,commission4 7#d7 ,senior executive ,the term senior executive1 with respect to a covered institution-- 7,a7 means a current or former director1 officer1 controlling stockholder1 or partner of the covered institution1 or any other employee of the covered institution with substantial managerial1 compliance1 investment1 or client relationship management responsibilities2 and 7,b7 does not include an employee of the covered institution who was not involved in the management of the covered institution4 7b7 ,production of supervisory records ,notwithstanding any other provision of law or regulation1 each financial regulatory agency shall-- 7#a7 not later than #ij days after the date of enactment of this ,act1 submit to the ,chairman and ,ranking ,member of the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 the ,chairman and ,ranking ,member of the ,committee on ,financial ,services of the ,house of ,representatives1 the ,chairman and ,ranking ,member of the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate1 and the ,chairman and ,ranking ,member of the ,committee on ,oversight and ,government ,reform of the ,house of ,representatives physical copies of all covered records maintained by the financial regulatory agency2 7#b7 not later than #abj days after the date of enactment of this ,act1 make publicly available in a searchable and downloadable format all covered records maintained by the financial regulatory agency1 except that1 in carrying out this paragraph1 a financial regulatory agency shall withhold or redact the segregable portion of a covered record that contains personally identifiable information of victims 7or the personal or medical files of victims72 and 7#c7 provide a written description of the basis for each withholding and redaction under paragraph 7#b74 7c7 ,investigations 7#a7 ,in general ,each financial regulatory agency shall1 immediately after the date of enactment of this ,act1 commence investigations into covered institutions and senior executives with respect to covered institutions4 7#b7 ,subjects of investigations ,each investigation shall-- 7,a7 determine whether a covered institution or senior executive violated ,federal banking1 securities1 or anti-money laundering laws2 and 7,b7 evaluate-- 7i7 the extent to which the covered institution1 and senior executives with respect to the covered institution1 conducted business with ,jeffrey ,epstein1 ,ghislaine ,maxwell1 or an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell2 7ii7 the extent to which the covered institution1 and senior executives with respect to the covered institution1 failed to reasonably oversee their employees who willfully or negligently facilitated efforts by ,jeffrey ,epstein1 ,ghislaine ,maxwell1 or an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell to evade compliance1 regulatory1 and supervisory controls and scrutiny relating to the business and transactions of that covered institution2 7iii7 the monetary value of the business relationship between the covered institution and ,jeffrey ,epstein1 ,ghislaine ,maxwell1 or an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell2 7iv7 the extent to which the covered institution had sufficient controls in place to identify illicit activity conducted by ,jeffrey ,epstein1 ,ghislaine ,maxwell1 or an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell1 whether those controls were ever exercised1 and the outcome of exercising those controls2 7v7 any communication between the covered institution and ,jeffrey ,epstein1 ,ghislaine ,maxwell1 or an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell2 and 7vi7 whether any documents related to ,jeffrey ,epstein1 ,ghislaine ,maxwell1 or an associate of ,jeffrey ,epstein or ,ghislaine ,maxwell were destroyed1 and1 if so1 when and why the documents were destroyed and who authorized the destruction4 7d7 ,mandatory consideration of industry prohibition and civil penalties for executive misconduct 7#a7 ,federal reserve2 fdic2 occ 7,a7 ,in general ,the ,board of ,governors of the ,federal ,reserve ,system1 the ,federal ,deposit ,insurance ,corporation1 or ,comptroller of the ,currency shall impose #a or more of the remedies described in subparagraph 7,b7 if1 in the course of conducting an investigation required under subsection 7c71 the ,board1 ,corporation1 or ,comptroller1 as applicable1 determines1 following notice and an opportunity for hearing1 that a senior executive of an insured depository institution-- 7i7 violated or aided or abetted a violation of ,federal banking laws or ,federal anti-money laundering laws in connection with the financial accounts or transactions of ,jeffrey ,epstein2 or 7ii7 engaged in conduct that otherwise provides a basis for a sanction under subsection 7e7 or 7i7 of section #h of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahah74 7,b7 ,remedies ,the remedies described in this subparagraph are the following3 7i7 ,an order prohibiting any participation by that senior executive1 in any manner1 in the conduct of the affairs of any insured depository institution described in section #h7;e7 of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahah7;e774 7ii7 ,an order imposing a civil penalty described in section #h7;i77#b77;,c7 of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahah7;i77#b77;,c774 7#b7 ,,sec 7,a7 ,in general ,the ,securities and ,exchange ,commission shall seek or impose #a or more of the remedies described in subparagraph 7,b7 if1 in the course of conducting an investigation required under subsection 7c71 the ,commission determines1 following notice and an opportunity for a hearing1 that a senior executive of a broker1 dealer1 investment adviser1 municipal securities dealer1 municipal advisor1 transfer agent1 or nationally recognized statistical rating organization-- 7i7 violated or aided or abetted a violation of ,federal securities laws or ,federal anti-money laundering laws in connection with the financial accounts or transactions of ,jeffrey ,epstein2 or 7ii7 engaged in conduct that otherwise provides a basis for a sanction under section #bjc7;f7 of the ,investment ,advisers ,act of #aidj 7#ae ,u4,s4,c4 #hj;b-#c7;f77 or section #ae7;b77#f7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho7b77#f774 7,b7 ,remedies ,the remedies described in this subparagraph are the following3 7i7 ,an order barring the senior executive from association with any broker1 dealer1 investment adviser1 municipal securities dealer1 municipal advisor1 transfer agent1 or nationally recognized statistical rating organization pursuant to section #ae7;b77#f7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho7b77#f77 or section #bjc7;f7 of the ,investment ,advisers ,act of #aidj 7#ae ,u4,s4,c4 #hj;b-#c7;f774 7ii7 ,a civil penalty described in section #bjc7;i77#b77;,c7 of the ,investment ,advisers ,act of #aidj 7#ae ,u4,s4,c4 #hj;b-#c7;i77#b77;,c77 or section #ba;,b7b77#c7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghu-#b7;b77#c77 in a court of the ,united ,states4 7e7 ,criminal referrals ,if1 in the course of conducting an investigation required under subsection 7c71 the financial regulatory agency reasonably finds that a violation of ,federal criminal law may have occurred1 that financial regulatory agency shall refer the matter to the ,attorney ,general4 7f7 ,report ,not later than #ahj days after the date of enactment of this ,act1 the ,vice ,chairman for ,supervision of the ,board of ,governors of the ,federal ,reserve ,system1 the ,comptroller of the ,currency1 the ,chairperson of the ,federal ,deposit ,insurance ,corporation1 and the ,chairman of the ,securities and ,exchange ,commission shall submit to the ,chairman and ,ranking ,member of the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 the ,chairman and ,ranking ,member of the ,committee on ,financial ,services of the ,house of ,representatives1 the ,chairman and ,ranking ,member of the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate1 and the ,chairman and ,ranking ,member of the ,committee on ,oversight and ,government ,reform of the ,house of ,representatives a report detailing the findings and the outcomes of the investigations required under subsection 7c7 and any criminal referral made to the ,attorney ,general4