3.0.0 1481 2025-05-27T14:13:41Z 2025-05-27T14:13:41Z Senate S S 2023-05-09 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings By (full committee) 2024-09-12T14:00:00Z Hearings By (full committee) 2024-02-01T19:03:56Z Referred To 2023-05-09T19:32:30Z 118 500 HR 2023-01-31 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2024-09-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2024-02-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2023-05-09 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-05-09 Introduced in Senate IntroReferral 10000 9 Library of Congress H000601 Sen. Hagerty, Bill [R-TN] Bill Hagerty R TN N T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2023-05-09 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2023-05-30 False S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL 2023-09-29 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2024-05-09 False Finance and Financial Sector Administrative law and regulatory procedures 2024-02-20T16:30:25Z Congressional oversight 2024-02-20T16:30:25Z Crime victims 2024-02-20T16:30:26Z Fraud offenses and financial crimes 2024-02-20T16:30:26Z Government information and archives 2024-02-20T16:30:26Z Government studies and investigations 2024-02-20T16:30:26Z Securities 2024-02-20T16:30:26Z Securities and Exchange Commission (SEC) 2024-02-20T16:30:26Z White-collar crime 2024-02-20T16:30:26Z Finance and Financial Sector 2023-05-22T13:00:37Z

00 2023-05-09 Introduced in Senate 2023-10-20T14:43:08Z <p><strong>Financial Exploitation Prevention Act of 2023</strong></p> <p>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.) </p> <p>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.</p> <p>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. </p> <p>Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of these adults.</p>

Display Title 45 2024-09-13T11:03:18Z Short Title(s) as Introduced 101 2024-05-24T13:40:13Z Introduced in Senate IS Official Title as Introduced 6 2024-02-22T09:08:22Z Introduced in Senate IS Introduced in Senate 2023-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1481is/xml/BILLS-118s1481is.xml 2024-09-12 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.