Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5848-5850)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.
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)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5848-5850)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.
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)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresCongressional oversightCrime victimsFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsSecuritiesSecurities and Exchange Commission (SEC)White-collar crime
Financial Exploitation Prevention Act of 2021
USA117th CongressHR-2265| House
| Updated: 10/26/2021
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 Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Administrative law and regulatory proceduresCongressional oversightCrime victimsFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigationsSecuritiesSecurities and Exchange Commission (SEC)White-collar crime