Allows certain mutual funds (registered open‑end investment companies) and their transfer agents to temporarily delay paying redemption proceeds when they reasonably believe a redemption involves a “specified adult” and possible financial exploitation. It sets time limits on postponements, conditions for extensions, required notifications and recordkeeping, required internal procedures for funds and transfer agents, and directs the SEC to consult with other financial regulators and report to Congress with recommendations within one year.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Updated 2 hours ago
Last progress March 27, 2025 (11 months ago)
Last progress September 17, 2025 (5 months ago)
Introduced on September 17, 2025 by William Francis Hagerty