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Read. Follow. Verify.Pedophile Financial Accountability Act (S. 4338)
Last action · April 16, 2026: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Sponsor: Ron Wyden
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What This Bill Would Do
This bill directs the Financial Crimes Enforcement Network (FinCEN) to investigate whether financial institutions failed to report suspicious transactions related to Jeffrey Epstein. It requires a report to Congress within 100 days and authorizes referrals to the Attorney General for potential legal violations.
The bill mandates a federal investigation into whether major banks like JPMorgan Chase and Bank of America violated anti-money laundering laws regarding transactions involving Jeffrey Epstein, with potential legal consequences for involved employees.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Financial Institutions
Banks are subject to a mandatory federal investigation into their past transaction reporting practices.
FinCEN
The agency is legally required to conduct the investigation and report findings to Congress within 100 days.
Bank Employees
Individual employees may be subject to referrals to the Attorney General for potential violations of anti-money laundering laws.
Key Facts
- The Director of FinCEN must investigate potential Bank Secrecy Act violations by financial institutions and employees regarding Jeffrey Epstein's transactions.
- The investigation must examine failures to screen and report suspicious activity in a timely manner.
- The investigation must review delays and underreporting of suspicious activity reports (SARs) by institutions including JPMorgan Chase and Bank of America.
- The investigation must determine if employees requested documentation for large payments made by Epstein to clients like Leon Black and Les Wexner.
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- The investigation must assess if banks verified claims that multi-million dollar payments to Epstein were for tax and estate planning services.
- The investigation must review whether banks used USA PATRIOT Act section 314(b) authorities to screen transfers to Epstein's accounts.
- The investigation must examine the conduct of senior executives regarding the continued employment of staff who worked with Epstein after he was dropped as a client.
- A report on the investigation's findings must be submitted to Congress within 100 days of the bill's enactment.
- The report may include information from previously filed suspicious activity reports.
- The Director of FinCEN is authorized to refer employees to the Attorney General for further investigation if willful violations of anti-money laundering laws are found.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
2 actions- Apr 16, 2026SenateCommitteeRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Apr 16, 2026SenateIntroducedIntroduced in Senate
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Targeted Oversight
The bill represents a shift toward using legislative mandates to force specific investigations into historical banking compliance regarding a single high-profile client.
Connected Entities
Sources
www.congress.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy75Intensity of disagreement among stakeholders
- Entertainment80Compellingness for a non-policy-wonk reader
- Buzz70Current news / social attention level
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