This legislation establishes a Senior Investor Taskforce within the Securities and Exchange Commission (SEC) to safeguard investors over the age of 65. The Taskforce will be led by a Director with experience in advocating for senior investors and staffed by personnel from key SEC divisions, including Enforcement and Investor Education. Its primary goal is to identify and address challenges like financial exploitation and cognitive decline affecting this demographic, while minimizing duplication of efforts within the SEC. The Taskforce's functions include recommending changes to SEC regulations or self-regulatory organization rules, coordinating with other agencies and councils, and consulting with state and federal authorities. It is mandated to issue biennial reports to Congress, detailing trends, regulatory initiatives, and recommendations for legislative or regulatory action to resolve senior investor problems, operating for a 10-year period. Additionally, the bill requires the Government Accountability Office (GAO) to conduct a comprehensive study on the financial exploitation of senior citizens within two years. This study will analyze economic costs, frequency, contributing factors, and policy responses, including reporting mechanisms and identifying gaps in prevention and response. The Taskforce will consider the GAO's findings to inform its work and recommendations.