HR 2478 · introduced · major
Financial Exploitation Prevention Act of 2025
- economy
What this bill does
- Investment companies can delay cashing out securities for up to 25 days if they suspect financial exploitation of seniors or disabled adults.
- Older adults age 65+ and adults 18+ with mental or physical impairments are protected by this rule.
- The SEC must be notified of delays and will provide recommendations on preventing financial exploitation.
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Community Threads
Started by Cosponsor
- 01
How would a 25-day delay in cashing out securities protect seniors and disabled adults, and what risks might delayed access to their own funds create?
- 02
Which financial institutions would be responsible for identifying and reporting suspected exploitation, and what training or standards would guide their decisions?
- 03
If investment companies delay withdrawals based on suspected exploitation, what recourse would customers have if the suspicion proves unfounded?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-MO-2
Ann Wagner
Citizen cosponsors
0
In Congress
11/ 435
House Reps cosponsoring
Introduced 2025-11-04
Joining the bill
Legislative timeline
2025-11-04 · house · Calendars
Placed on the Union Calendar, Calendar No. 313.
2025-11-04 · house · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
2025-11-04 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
2025-09-16 · house · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
2025-09-16 · house · Committee
Committee Consideration and Mark-up Session Held
2025-03-27 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-03-27 · IntroReferral
Introduced in House
2025-03-27 · IntroReferral
Introduced in House
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