I'll give you the short version of this bill.
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Creates a Senior Investor Taskforce inside the Securities and Exchange Commission to study and address problems facing investors age 65 and older. The taskforce will coordinate across the SEC and with outside partners, issue a detailed report every two years, and sunset after 10 years. It must use existing SEC funds.
Directs the Comptroller General (GAO) to conduct a nationwide study of financial exploitation of seniors and deliver findings to Congress and the taskforce within two years. The study will measure economic costs, prevalence, risk factors, and assess reporting, policy responses, gaps, and legal barriers. “Senior citizen” means an individual over age 65.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3504-3505)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced February 21, 2025 by Josh S. Gottheimer · Last progress July 22, 2025