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House lawmakers approved a bipartisan bill to protect older adults from financial fraud. Here's what to know
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- Lawmakers in Congress have taken a bipartisan step toward better protecting vulnerable adults from financial fraud.
- In a 414-2 vote, the House last week passed the Financial Exploitation Prevention Act of 2025, H.R. 2478.
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Lawmakers in Congress have taken a bipartisan step toward better protecting vulnerable adults from financial fraud.
In a 414-2 vote, the House last week passed the Financial Exploitation Prevention Act of 2025, H.R. 2478. The bill would allow open-end funds — mutual funds, most exchange-traded funds — and their transfer agents to pause redemption requests from older adults or those with disabilities if financial exploitation is suspected. Transfer agents maintain shareholder records and process transactions.
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