Senior Security Act of 2023

Hozzl · 2024-03-12T17:59:02Z

Explore the details of Senate Bill 955 Senior Security Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/12/2024, 5:59 PM

Congressional Summary of S 955

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 955

Bill S 955 is currently in the status of Bill Introduced since March 23, 2023. Bill S 955 was introduced during Congress 118 and was introduced to the Senate on March 23, 2023. Bill S 955's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 23, 2023

Bipartisan Support of Bill S 955

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 955

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Aging

- Banking and financial institutions regulation

- Congressional oversight

- Financial literacy

- Financial services and investments

- Fraud offenses and financial crimes

- Government studies and investigations

Alternate Title(s) of Bill S 955

Senior Security Act of 2023

National Senior Investor Initiative Act of 2023

A 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.