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Protecting Senior Investors: New SEC Taskforce Against Financial Exploitation

This act establishes a dedicated task force within the Securities and Exchange Commission (SEC) to protect investors over 65 from financial exploitation. The task force will identify challenges, propose regulatory changes, and issue reports to enhance seniors' financial security. Additionally, the act mandates a study on the economic costs and causes of financial exploitation of older adults.
Key points
Creation of a Senior Investor Taskforce within the SEC, operating for 10 years, to safeguard individuals over 65 from financial exploitation.
The Taskforce will identify challenges like fraud and cognitive decline impacts, and recommend regulatory changes to better protect seniors.
Biennial reports will be issued, including statistics, trends, best practices, and recommendations for improving senior financial security.
A study will be conducted on the economic costs and contributing factors of senior financial exploitation, including analysis of reporting and response system gaps.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1469
Sponsor: Rep. Gottheimer, Josh [D-NJ-5]
Process start date: 2025-02-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Senior Security Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1469.

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 2025-02-21.

What are the main provisions?

Key points include:

  • Creation of a Senior Investor Taskforce within the SEC, operating for 10 years, to safeguard individuals over 65 from financial exploitation.
  • The Taskforce will identify challenges like fraud and cognitive decline impacts, and recommend regulatory changes to better protect seniors.
  • Biennial reports will be issued, including statistics, trends, best practices, and recommendations for improving senior financial security.
  • A study will be conducted on the economic costs and contributing factors of senior financial exploitation, including analysis of reporting and response system gaps.
What is the specific legal status?

The current status is Passed House.

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: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3504-3505)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

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