Senior Security Act of 2026

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.