This bill, known as the Safeguarding Transactions to Outpace Predatory Senior Fraud Act, empowers financial institutions to temporarily delay or refuse disbursements or transactions from accounts. This authority applies when there is a reasonable belief that financial exploitation has occurred or is being attempted against an older adult , a vulnerable person , or someone previously exploited who reported it. The initial delay can last up to 55 days, with a potential extension to 85 days following an internal review that supports the belief of exploitation. When a transaction is delayed or refused, financial institutions must promptly notify all authorized parties on the account (unless they are suspected of exploitation), a designated trusted contact, and appropriate State and local protective services, law enforcement, and a Federal regulatory authority within two business days. The bill also mandates that financial institutions provide training to employees who handle transactions with these populations, covering the identification of financial exploitation and the procedures for delaying or refusing transactions. Importantly, a safe harbor provision protects financial institutions from liability when acting in good faith and in compliance with these provisions, including when disclosing information to trusted contacts or authorities.