Senior Security Act of 2026

Summary

Creates a Senior Investor Taskforce inside the SEC to study and coordinate protections for investors aged over 65, recommend regulatory and legislative changes, and report every two years to Congress; the Taskforce will be time-limited and use existing SEC funds. Requires the Government Accountability Office to deliver a study within two years quantifying the economic costs and prevalence of financial exploitation of seniors, analyzing risk factors and agency responses, and identifying gaps and legal barriers to better prevention and reporting.

• Creates an SEC Senior Investor Taskforce focused on investors older than 65.
• Taskforce will recommend regulatory and legislative changes and coordinate across federal, state, and private actors.
• Taskforce director reports to the SEC Chairman and staff must include Enforcement, OCIE, and Investor Education personnel.
• The Taskforce must use existing SEC funds and sunsets 10 years after enactment.
• GAO must complete a comprehensive study within two years on the scope, cost, risk factors, reporting, and agency responses to senior financial exploitation.
• The GAO study must quantify economic costs and estimate prevalence and correlated risk factors (race, isolation, income, health, widowhood, etc.).
• Both the Taskforce and GAO study use age 65 as the cutoff for "senior" or "senior investor."
• The bill focuses on coordination, analysis, and recommendations rather than immediate new regulatory rules or funding.