What is the official ID of this bill?

The official print number for this legislation is HR 2265.

When did the legislative process begin?

The process officially started on 2021-03-26.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr2265/BILLS-117hr2265rfs.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

Who is the primary sponsor?

The primary sponsor is Rep. Wagner, Ann [R-MO-2].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)

Analysis and Potential Impact of HR 2265

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Protecting Seniors and Vulnerable Adults from Financial Exploitation in Investments.

Q: What are the main provisions?

Key points include: Funds can delay the payout of investment funds (up to 15 business days, extendable by 10 days) if financial exploitation is suspected for individuals aged 65+ or those with impairments. Customers may be asked to provide contact information for a trusted adult who can be notified if fraud is suspected, unless that contact is believed to be the exploiter. The changes aim to safeguard savings of specified adults but may temporarily postpone access to funds while the institution conducts an internal review.

This law allows registered open-end investment companies to temporarily delay the payout of redeemed securities if they reasonably suspect a specified adult (65+ or impaired) is being financially exploited. The initial delay can last up to 15 business days, with a potential extension of 10 business days if suspicions are substantiated.

Key points

Funds can delay the payout of investment funds (up to 15 business days, extendable by 10 days) if financial exploitation is suspected for individuals aged 65+ or those with impairments.

Customers may be asked to provide contact information for a trusted adult who can be notified if fraud is suspected, unless that contact is believed to be the exploiter.

The changes aim to safeguard savings of specified adults but may temporarily postpone access to funds while the institution conducts an internal review.

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Status:

Expired

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Additional Information

Financial Exploitation Prevention Act of 2021

Print number: HR 2265

Sponsor: Rep. Wagner, Ann [R-MO-2]

Process start date: 2021-03-26

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-3-pro-preview

Source data: api.congress.gov

AI work logs for this document launch

Protecting Seniors and Vulnerable Adults from Financial Exploitation in Investments.

Key Questions about Protecting Seniors and Vulnerable Adults from Financial Exploitation in Investments.