What does Preamble of Senior Security Act of 2026 do?

This bill aims to establish an interdivisional taskforce within the Securities and Exchange Commission. The taskforce is specifically designated to focus on senior investors.

What does SHORT TITLE. of Senior Security Act of 2026 do?

This bill is formally titled the National Senior Investor Initiative Act of 2026 or the Senior Security Act of 2026.

What does SENIOR INVESTOR TASKFORCE. of Senior Security Act of 2026 do?

This section establishes the Senior Investor Taskforce within the Commission. The Taskforce will be headed by a Director appointed by the Chairman and will report directly to the Chairman. The Taskforce is required to be staffed with individuals from various divisions within the Commission, including Enforcement, Compliance Inspections and Examinations, and Investor Education and Assistance. Members of the Taskforce will serve without additional compensation. The Taskforce's functions include identifying challenges faced by senior investors, suggesting regulatory changes, and coordinating with other relevant entities. The Taskforce must issue a report every two years to specified Congressional committees. The report will include statistical information, analysis of trends, summaries of regulatory initiatives, and recommendations for improvements. The Taskforce will terminate after a 10-year period following enactment. For the purposes of this section, a 'senior investor' is defined as an investor over the age of 65.

What does GAO STUDY. of Senior Security Act of 2026 do?

This section mandates a study by the Comptroller General of the United States regarding the financial exploitation of senior citizens. The study must be submitted to Congress and the Senior Investor Taskforce within two years of the Act's enactment. The study's contents must include information on the economic costs of financial exploitation, encompassing losses by victims, costs incurred by government and private entities. The study must also detail the frequency of senior financial exploitation and factors contributing to increased risk, such as race, social isolation, and income. Furthermore, the study will analyze policy responses and reporting of senior financial exploitation, including reporting rates, reasons for underreporting, and agency actions. The study will assess gaps in empowering agencies to prevent exploitation and analyze legal hurdles hindering collaboration between agencies and private professionals. For the purposes of this section, a 'senior citizen' is defined as an individual over the age of 65.

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Senior Security Act of 2026

Last updated: 3/11/2026 · Introduced: 3/11/2026

Author: Andy Kim (D-NJ)

TL;DR (AI)

This bill creates a Senior Investor Taskforce within the Securities and Exchange Commission to identify challenges and recommend regulatory changes impacting investors over the age of 65.
The bill requires the Government Accountability Office to conduct a study on the financial exploitation of senior citizens, including its economic costs and contributing factors.
The Senior Investor Taskforce will produce a report every two years detailing trends, regulatory initiatives, and recommendations related to senior investor protection.

119th Congressin committeeHR. 1469(Passed House)Official page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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