Senior Security Act of 2025
- house
- senate
- president
Last progress July 22, 2025 (4 months ago)
Introduced on February 21, 2025 by Josh S. Gottheimer
Sponsors (3)
House Votes
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3504-3505)
Senate Votes
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Presidential Signature
AI Summary
This bill creates a Senior Investor Taskforce inside the Securities and Exchange Commission to protect people age 65 and older from scams and other financial harms. The taskforce will study problems seniors face—like financial exploitation and challenges linked to cognitive decline—then suggest fixes to rules and laws to better protect older investors . The Government Accountability Office must also study how often seniors are financially exploited, what it costs families and governments, and why many cases go unreported, and share results within two years.
The taskforce must report to Congress every two years on trends, serious issues, best practices, and recommended changes, starting after the GAO study is finished. It will coordinate with other agencies and groups, use existing SEC funds, and end after 10 years. “Senior investor” means someone over age 65. The act is referred to as the National Senior Investor Initiative Act of 2025 (also called the Senior Security Act of 2025).
Key points
- Who is affected: Investors age 65+, the SEC, and financial firms that serve seniors.
- What changes: An SEC taskforce is set up to identify risks and recommend protections; GAO must deliver a national study on senior financial exploitation; biennial reports to Congress on progress and needs .
- When: GAO study due within 2 years; taskforce reports every 2 years after that; taskforce sunsets after 10 years; funded with existing SEC resources.