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Senior Financial Protection: New Taskforce and Fraud Study.

This act establishes a dedicated taskforce within the Securities and Exchange Commission to protect senior investors from financial exploitation. It also mandates a study on the economic costs and contributing factors of financial exploitation targeting seniors, aiming to better understand the issue and develop effective solutions. The goal is to enhance the financial security of individuals over 65.
Key points
Creation of a specialized taskforce within the Securities and Exchange Commission focused on protecting senior investors.
The taskforce will identify challenges, coordinate efforts, and recommend regulatory changes to better safeguard older individuals.
A comprehensive study will be conducted on the scope, costs, and causes of financial exploitation of seniors in the U.S.
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Expired
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Additional Information
Print number: 117_S_856
Sponsor: Sen. Sinema, Kyrsten [D-AZ]
Process start date: 2021-03-18
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Summarized by: gemini-2.5-flash-preview-05-20
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_S_856.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • Creation of a specialized taskforce within the Securities and Exchange Commission focused on protecting senior investors.
  • The taskforce will identify challenges, coordinate efforts, and recommend regulatory changes to better safeguard older individuals.
  • A comprehensive study will be conducted on the scope, costs, and causes of financial exploitation of seniors in the U.S.
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 Sen. Sinema, Kyrsten [D-AZ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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