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Oregon’s U.S. Sen. Ron Wyden says he will use the authority of the U.S. Senate Committee on Finance when he becomes chairman in January, following an election victory that gave Democrats a majority of 54 seats in the Senate.
Wyden Plans to Use Subpoena Power to Investigate Banks’ Epstein Ties
Wyden told members of the press on Monday, November 9, that apart from supporting attempts to stop the Trump administration’s tariffs, he plans to use subpoena power to investigate big banks that he accuses of “propping up” Jeffrey Epstein, the disgraced financier.
Wyden says Democrats will focus on two main healthcare issues – reversing Medicaid cuts and extending subsidies that cut the cost of buying health insurance by small businesses and individuals.
The committee has jurisdiction over programs such as Medicaid and Medicare, as well as taxation and trade.
Wyden Warns That Those Who Worked With the Trump Administration to ‘Rip Off’ Americans Will Have to Answer for Their Actions
In a written statement issued November 4, the 30-year Senate veteran warned that those who worked with the Trump administration “to rip off American families” would have to answer to the Senate Finance Committee.
He included banks he accused of helping cover up Epstein’s crimes, insurance companies delaying and denying healthcare to make a profit, and pharmaceutical company CEOs he accused of price-gouging “while enjoying Trump’s hand-delivered windfalls.”
Wyden Plans to Investigate JPMorgan Chase’s Role in Financing Epstein’s Crimes
Wyden, who has been investigating Epstein for the last four years, plans to investigate the role of major banks, like JPMorgan Chase, in financing Epstein’s crimes.
Wyden says he has a roster of bank executives who allegedly turned a blind eye to Epstein’s crimes and who will be called to face the Finance Committee to answer questions about their roles.
The senator also questions why JPMorgan Chase failed to alert regulators to suspicious transactions linked to Epstein and his clients. Epstein banked with JPMorgan until 2013, when it ended the relationship.
JPMorgan Chase spokesperson Patricia Wexler expressed regret at the bank’s association with Epstein but denied helping him commit his crimes. The bank previously settled a class-action lawsuit brought by Epstein’s victims.
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