H.R. 2478 · 119th Congress · Finance and financial sector
Financial Exploitation Prevention Act of 2025
How the House voted
Yea from the left, nay from the right, each side by party
House · Jun 25, 2026
Roll call ↗414
2
Passed the House.
Passed the House on June 25, 2026.
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs
- IntroducedMar 27, 2025
- CommitteeNov 4, 2025
- Passed HouseJun 25, 2026
- Passed Senate
- Became law
On the record
- Cosponsors
- 11
- 4 Democrats, 7 Republicans
- Committees
- Senate Committee on Banking, Housing, and Urban AffairsHouse Committee on Financial Services
- Lobbying
- At least 7
- organizations named it2025 Q1 to 2026 Q3
What it does
This bill lets mutual fund companies pause payouts they suspect are the product of elder financial exploitation.
How each member voted
The House roll call, passed the House, June 25, 2026
Yea unless marked
D · House · NC-12
R · House · AL-4
D · House · CA-33
R · House · MO-4
R · House · GA-12
This bill lets mutual fund companies pause payouts they suspect are the product of elder financial exploitation. It amends Section 22 of the Investment Company Act of 1940. A registered open-end investment company and its transfer agent may opt in to the new rules by notifying the SEC. The rules apply only to firms that elect in, and only to non-institutional accounts held directly with the fund. An electing firm must ask each such customer for the name and contact information of at least one trusted adult, retain that information, and disclose in writing that it may contact that person about possible exploitation. An electing firm may then postpone paying a redemption beyond the normal seven-day limit when it reasonably believes the account holder is a "specified adult" and that financial exploitation has occurred, is occurring, or was attempted. The standard hold runs up to 15 business days and may be extended 10 more business days if the firm reviews the matter and notifies the trusted contact. A state regulator, agency, or court may extend the hold further. The bill defines a "specified adult" as anyone 65 or older, or anyone 18 or older the firm reasonably believes has a mental or physical impairment that leaves them unable to protect their own interests. Separately, the bill directs the SEC to report to Congress within one year with recommended regulatory and legislative changes to address exploitation of these investors, in consultation with named federal and industry bodies.
Each stop is a step the bill’s own record states, with the date it happened. A ring is a step not yet taken. A bill becomes law when the President signs it or Congress overrides a veto.
At least 7 organizations named this measure in a lobbying filing. A floor, not a total: they were counted by the client name on 27 quarterly reports filed by 1 lobbying firm and by 6 organizations lobbying for themselves in 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. An organization that lobbied this measure without naming it is not counted here.
The filings record that lobbying was reported on the measure. The form has no per-bill dollar figure and no field for a position, so nothing here says how much was spent or which side an organization took.
5 of them, in no ranking: Insured Retirement Institute; Investment Company Institute; Financial Services Institute; Center for Responsible Lending A Supporting Corp of Ctr for Community Self-Help; AARP. Listed as filed, in the order the filings were read, and 2 others are not shown. These are not the largest, the earliest or the most active: we keep five names per measure, and the filings give no ranking.
From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. Our copy holds 24 fewer filings for 2025 Q1, 39 fewer filings for 2025 Q2, 42 fewer filings for 2025 Q3, 33 fewer filings for 2025 Q4, 28 fewer filings for 2026 Q1, 48 fewer filings for 2026 Q2 and 218 fewer filings for 2026 Q3 than the Senate's register counts, so those quarters are the filings we could read rather than every one filed. 2026 Q4 is still inside its filing window, so that quarter is only the filings posted so far.
Congress.gov bill status and cosponsor records; the House Clerk and Senate roll calls; lobbying reports filed under the Lobbying Disclosure Act (lda.gov); the plain summary and provisions are read from the bill text, each with its section.