Senior Security Act of 2023

National Senior Investor Initiative Act of 2023 or the Senior Security Act of 2023

This bill establishes the Senior Investor Taskforce within the Securities and Exchange Commission. The taskforce must report on topics relating to investors over the age of 65, including industry trends and serious issues impacting such investors, and make recommendations for legislative or regulatory actions to address problems encountered by senior investors.

The Government Accountability Office must report on the financial exploitation of senior citizens.

Bill 118 HR 2593, also known as the Senior Security Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to enhance the security and well-being of senior citizens in the United States.

One of the key provisions of the Senior Security Act is the establishment of a Senior Security Task Force, which will be responsible for developing and implementing strategies to protect seniors from financial exploitation, abuse, and neglect. This task force will work closely with federal, state, and local agencies to coordinate efforts to safeguard the rights and interests of older Americans.

Additionally, the bill includes measures to improve access to affordable housing for seniors, as well as to enhance the availability of healthcare services and support programs for this population. It also seeks to strengthen protections for seniors in long-term care facilities and to combat age discrimination in the workplace. Overall, the Senior Security Act of 2023 aims to address the unique challenges faced by older Americans and to ensure that they are able to live with dignity, security, and independence. It represents a bipartisan effort to prioritize the needs of seniors and to promote their well-being in our society.