Legis Daily

Financial Exploitation Prevention Act of 2021

USA117th CongressHR-2265| House 
| Updated: 10/26/2021
Ann Wagner

Ann Wagner

Republican Representative

Missouri

Cosponsors (8)
Nikema Williams (Democratic)Al Green (Democratic)Antonio Delgado (Democratic)Bill Huizenga (Republican)Josh Gottheimer (Democratic)Ed Perlmutter (Democratic)Susie Lee (Democratic)Bryan Steil (Republican)

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.

Bill Text Versions

View Text
3 versions available

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Timeline
Mar 26, 2021
Introduced in House
Mar 26, 2021
Referred to the House Committee on Financial Services.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Oct 25, 2021
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Oct 25, 2021
Considered under suspension of the rules. (consideration: CR H5848-5850)
Oct 25, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.
Oct 25, 2021
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)
Oct 25, 2021
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)
Oct 25, 2021
Motion to reconsider laid on the table Agreed to without objection.
Oct 26, 2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 26, 2021
    Introduced in House


  • March 26, 2021
    Referred to the House Committee on Financial Services.


  • July 28, 2021
    Committee Consideration and Mark-up Session Held.


  • July 29, 2021
    Committee Consideration and Mark-up Session Held.


  • July 29, 2021
    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.


  • October 25, 2021
    Ms. Waters moved to suspend the rules and pass the bill, as amended.


  • October 25, 2021
    Considered under suspension of the rules. (consideration: CR H5848-5850)


  • October 25, 2021
    DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.


  • October 25, 2021
    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)


  • October 25, 2021
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)


  • October 25, 2021
    Motion to reconsider laid on the table Agreed to without objection.


  • October 26, 2021
    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.

Bill Text Versions

View Text
3 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 26, 2021
Introduced in House
Mar 26, 2021
Referred to the House Committee on Financial Services.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Oct 25, 2021
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Oct 25, 2021
Considered under suspension of the rules. (consideration: CR H5848-5850)
Oct 25, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.
Oct 25, 2021
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)
Oct 25, 2021
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)
Oct 25, 2021
Motion to reconsider laid on the table Agreed to without objection.
Oct 26, 2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 26, 2021
    Introduced in House


  • March 26, 2021
    Referred to the House Committee on Financial Services.


  • July 28, 2021
    Committee Consideration and Mark-up Session Held.


  • July 29, 2021
    Committee Consideration and Mark-up Session Held.


  • July 29, 2021
    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.


  • October 25, 2021
    Ms. Waters moved to suspend the rules and pass the bill, as amended.


  • October 25, 2021
    Considered under suspension of the rules. (consideration: CR H5848-5850)


  • October 25, 2021
    DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.


  • October 25, 2021
    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)


  • October 25, 2021
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)


  • October 25, 2021
    Motion to reconsider laid on the table Agreed to without objection.


  • October 26, 2021
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Ann Wagner

Ann Wagner

Republican Representative

Missouri

Cosponsors (8)
Nikema Williams (Democratic)Al Green (Democratic)Antonio Delgado (Democratic)Bill Huizenga (Republican)Josh Gottheimer (Democratic)Ed Perlmutter (Democratic)Susie Lee (Democratic)Bryan Steil (Republican)

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