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Bill117th CongressFiled Mar 26, 2021Finance and Financial Sector
H.R. 2265

Financial Exploitation Prevention Act of 2021

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Oct 25, 2021)

Financial Exploitation Prevention Act of 2021

This bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company or transfer agent 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. Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.

Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of such adults.

What just happenedOct 26, 2021

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Wagner, Ann [R-MO-2](R-MO)Sponsor
8 cosponsors6 D2 R
Read on Congress.gov
8cosponsors2committees13actions9subjects
  1. Oct 26, 2021IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Oct 25, 2021FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Oct 25, 2021FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)

  4. Oct 25, 2021Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5848-5849)

  5. Oct 25, 2021FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.

  6. Oct 25, 2021FloorH30000

    Considered under suspension of the rules. (consideration: CR H5848-5850)

  7. Oct 25, 2021FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  8. Jul 29, 2021Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

    Financial Services Committee
  9. Jul 29, 2021Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  10. Jul 28, 2021Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  11. Mar 26, 2021IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  12. Mar 26, 2021IntroReferralIntro-H

    Introduced in House

  13. Mar 26, 2021IntroReferral1000

    Introduced in House

Passed HouseOct 25, 202153

Financial Exploitation Prevention Act of 2021

This bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company or transfer agent 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. Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.

Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of such adults.

Introduced in HouseMar 26, 2021

Financial Exploitation Prevention Act of 2021

This bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company or transfer agent 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. Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.

Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of such adults.

Financial Exploitation Prevention Act of 2021 — Informed