Senior Security Act of 2023

3/12/2024, 5:59 PM

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.

Congress
118
Number
S - 955
Introduced on
2023-03-23
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/23/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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.

Alternative Names
Official Title as IntroducedA bill to amend the Securities Exchange Act of 1934 to create an interdivisional taskforce at the Securities and Exchange Commission for senior investors, and for other purposes.
Policy Areas
Finance and Financial Sector
Potential Impact
Aging•
Banking and financial institutions regulation•
Congressional oversight•
Financial literacy•
Financial services and investments•
Fraud offenses and financial crimes•
Government studies and investigations

Comments

Related

Member:  Kirsten E. Gillibrand
Bill Update Alert:  Senior Security Act of 2023

Recent Activity

Latest Summary6/8/2023

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 in...

Latest Action3/23/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.