3.0.0
500
2025-05-27T14:12:00Z
2025-05-27T14:12:00Z
House
H
HR
2023-01-25
118
[Congressional Record Volume 169, Number 16 (Wednesday, January 25, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. WAGNER:H.R. 500.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18[Page H324]
- ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Standing
  - Referred To
2023-01-31T16:24:53Z
- hsba00
Financial Services Committee
House
Standing
  - Referred To
2023-01-25T15:03:30Z

- Financial Exploitation Prevention Act of 2023
118
1481
S
2024-09-12
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  - Related bill
CRS
- 2023-01-31
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferral
- 2023-01-30
18:57:50
Motion to reconsider laid on the table Agreed to without objection.
Floor
H38310
2
House floor actions
- 2023-01-30
18:57:48
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 94). (text: CR H498-499)
Floor
H37300
2
House floor actions
94
https://clerk.house.gov/evs/2023/roll094.xml
House
118
2023-01-30T23:57:48Z
1
- 2023-01-30
18:57:48
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 94). (text: CR H498-499)
Floor
8000
9
Library of Congress
94
https://clerk.house.gov/evs/2023/roll094.xml
House
118
2023-01-30T23:57:48Z
1
- 2023-01-30
18:31:34
Considered as unfinished business. (consideration: CR H505)
Floor
H30000
2
House floor actions
- 2023-01-30
17:08:27
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Floor
H37220
2
House floor actions
- 2023-01-30
16:51:22
DEBATE - The House proceeded with forty minutes of debate on H.R. 500.
Floor
H8D000
2
House floor actions
- 2023-01-30
16:51:21
Considered under suspension of the rules. (consideration: CR H498-501)
Floor
H30000
2
House floor actions
- 2023-01-30
16:51:06
Mr. McHenry moved to suspend the rules and pass the bill.
Floor
H30300
2
House floor actions
- 2023-01-25
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-01-25
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-01-25
Introduced in House
IntroReferral
1000
9
Library of Congress
- W000812
Rep. Wagner, Ann [R-MO-2]
Ann
Wagner
R
MO
2
N
- G000583
Rep. Gottheimer, Josh [D-NJ-5]
Josh
Gottheimer
D
NJ
5
2023-01-25
True
- S001213
Rep. Steil, Bryan [R-WI-1]
Bryan
Steil
R
WI
1
2023-01-25
True
- H001058
Rep. Huizenga, Bill [R-MI-4]
Bill
Huizenga
R
MI
4
2023-01-25
True
- G000553
Rep. Green, Al [D-TX-9]
Al
Green
D
TX
9
2023-01-25
True
- H001093
Rep. Houchin, Erin [R-IN-9]
Erin
Houchin
R
IN
9
2023-01-27
False
- L000599
Rep. Lawler, Michael [R-NY-17]
Michael
Lawler
R
NY
17
2023-01-27
False
- D000032
Rep. Donalds, Byron [R-FL-19]
Byron
Donalds
R
FL
19
2023-01-27
False
- G000600
Rep. Perez, Marie Gluesenkamp [D-WA-3]
Marie
Perez
D
WA
Gluesenkamp
3
2023-01-30
False
- W000788
Rep. Williams, Nikema [D-GA-5]
Nikema
Williams
D
GA
5
2023-01-30
False
- K000397
Rep. Kim, Young [R-CA-40]
Young
Kim
R
CA
40
2023-01-30
False
- R000612
Rep. Rose, John W. [R-TN-6]
John
Rose
R
TN
W.
6
2023-01-30
False
- G000597
Rep. Garbarino, Andrew R. [R-NY-2]
Andrew
Garbarino
R
NY
R.
2
2023-01-30
False
- J000307
Rep. James, John [R-MI-10]
John
James
R
MI
10
2023-01-30
False
Finance and Financial Sector
- Administrative law and regulatory procedures
2023-01-30T17:00:28Z
- Congressional oversight
2023-01-30T17:00:28Z
- Crime victims
2023-01-30T17:00:28Z
- Fraud offenses and financial crimes
2023-01-30T17:00:28Z
- Government information and archives
2023-01-30T17:00:28Z
- Government studies and investigations
2023-01-30T17:00:28Z
- Securities
2023-01-30T17:00:28Z
- Securities and Exchange Commission (SEC)
2023-01-30T17:00:28Z
Finance and Financial Sector
2023-01-30T15:00:22Z
00
2023-01-25
Introduced in House
2023-01-30T19:43:20Z
Financial Exploitation Prevention Act of 2023
This bill addresses the redemption of securities involving the potential financial exploitation of an adult by allowing an open-end investment company to elect to comply with certain procedures. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.)
Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company reasonably believes the redemption involves the financial exploitation of an individual age 65 or older or an individual age 18 or older who is unable to protect his or her own interests.
The company may initially delay the redemption for up to 15 days and, upon making a determination of exploitation, may delay the redemption an additional 10 days. In the event of delay, the company must hold the amounts related to the redemption in a demand deposit account.
Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of these adults.
53
2023-01-30
Passed House
2023-03-02T20:48:23Z
Financial Exploitation Prevention Act of 2023
This bill addresses the redemption of securities involving the potential financial exploitation of an adult by allowing an open-end investment company to elect to comply with certain procedures. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.)
Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company reasonably believes the redemption involves the financial exploitation of an individual age 65 or older or an individual age 18 or older who is unable to protect his or her own interests.
The company may initially delay the redemption for up to 15 days and, upon making a determination of exploitation, may delay the redemption an additional 10 days. In the event of delay, the company must hold the amounts related to the redemption in a demand deposit account.
Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of these adults.

Financial Exploitation Prevention Act of 2023
- Display Title
45

Financial Exploitation Prevention Act of 2023
2024-07-24T15:18:16Z
- Short Titles from RFS (Referred to Senate) bill text
255

Financial Exploitation Prevention Act of 2023
2024-07-24T15:18:01Z
S
Senate
Referred in Senate
RFS
- Short Title(s) as Introduced
101

Financial Exploitation Prevention Act of 2023
2024-05-24T13:43:00Z
Introduced in House
IH
- Short Title(s) as Passed House
104

Financial Exploitation Prevention Act of 2023
2024-05-24T13:42:58Z
H
House
Engrossed in House
EH
- Official Title as Introduced
6

To amend the Investment Company Act of 1940 to postpone the date of payment or satisfaction upon redemption of certain securities in the case of the financial exploitation of specified adults, and for other purposes.
2024-03-18T20:13:46Z
Introduced in House
IH
- Referred in Senate
2023-01-31T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr500rfs/xml/BILLS-118hr500rfs.xml
- Engrossed in House
2023-01-30T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr500eh/xml/BILLS-118hr500eh.xml
- Introduced in House
2023-01-25T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr500ih/xml/BILLS-118hr500ih.xml
2023-01-31
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.