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Protecting Seniors from Financial Fraud: New Taskforce and Reports.

This act establishes a dedicated task force within the Securities and Exchange Commission to protect senior citizens from financial fraud. This task force will identify issues, propose regulatory changes, and regularly report on threats. Additionally, an independent study will assess the scale and costs of financial exploitation of seniors, aiming to better understand the problem and develop more effective protective measures.
Key points
Creation of a special task force within the Securities and Exchange Commission to protect investors over 65 from financial fraud and exploitation.
The task force will identify challenges, propose regulatory changes, and coordinate with other institutions to better protect seniors.
Every two years, the task force will publish reports containing statistics, trends, best practices, and recommendations for improving seniors' financial security.
An independent study will assess the economic costs of senior financial exploitation, its frequency, and the effectiveness of current prevention and reporting efforts.
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Additional Information
Print number: 117_HR_1565
Sponsor: Rep. Gottheimer, Josh [D-NJ-5]
Process start date: 2021-03-03
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Senior Security Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1565.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Creation of a special task force within the Securities and Exchange Commission to protect investors over 65 from financial fraud and exploitation.
  • The task force will identify challenges, propose regulatory changes, and coordinate with other institutions to better protect seniors.
  • Every two years, the task force will publish reports containing statistics, trends, best practices, and recommendations for improving seniors' financial security.
  • An independent study will assess the economic costs of senior financial exploitation, its frequency, and the effectiveness of current prevention and reporting efforts.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gottheimer, Josh [D-NJ-5].

What is the latest detailed status?

The latest detailed status is: Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended. (consideration: CR H1979-1994; text: CR H1989-1990)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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