This bill has advanced since we wrote our summary.
Current stage on Congress.gov: Introduced in Senate.
Financial exploitation of seniors is a widespread and growing problem, and current federal oversight is fragmented. This bill creates a dedicated Senior Investor Taskforce within the SEC, focused specifically on investors over 65. The taskforce would identify challenges seniors face — including scams and issues related to cognitive decline — and issue a report to Congress every two years with recommendations for regulatory changes. It also directs the GAO to conduct a comprehensive study on the economic costs, frequency, and underreporting of elder financial exploitation. The taskforce would sunset after 10 years.
Congressional Summary
Establishes a Senior Investor Taskforce within the SEC to report on investors over 65, industry trends, and recommendations. GAO must report on senior financial exploitation.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- 2026-03-11
- Date Added
- 2026-04-03
- Source
- Congress.gov →
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