Empowering States to Protect Seniors from Bad Actors Act

Hozzl · 2022-12-30T04:04:46Z

Explore the details of Senate Bill 3529 Empowering States to Protect Seniors from Bad Actors Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/30/2022, 4:04 AM

Congressional Summary of S 3529

Empowering States to Protect Seniors from Bad Actors Act

This bill reauthorizes through FY2028 and otherwise revises the Senior Investor Protection Grant Program. The bill moves the program from the Consumer Financial Protection Bureau to the Securities and Exchange Commission, establishes a task force to oversee the program, and eliminates certain grant eligibility requirements.

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Current Status of Bill S 3529

Bill S 3529 is currently in the status of Bill Introduced since January 20, 2022. Bill S 3529 was introduced during Congress 117 and was introduced to the Senate on January 20, 2022. Bill S 3529's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of July 28, 2022

Bipartisan Support of Bill S 3529

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3529

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Aging

- Congressional oversight

- Consumer Financial Protection Bureau

- Consumer affairs

- Criminal investigation, prosecution, interrogation

- Employee benefits and pensions

- Executive agency funding and structure

- Financial services and investments

- Fraud offenses and financial crimes

- Insurance industry and regulation

- Marketing and advertising

- Performance measurement

- Securities

- Securities and Exchange Commission (SEC)

- State and local government operations

Alternate Title(s) of Bill S 3529

Empowering States to Protect Seniors from Bad Actors Act

A bill to amend the Investor Protection and Securities Reform Act of 2010 to provide grants to States for enhanced protection of senior investors and senior policyholders, and for other purposes.