Bill

H.R. 2478 (119th): Financial Exploitation Prevention Act of 2025

Financial Exploitation Prevention Act of 2025 This bill establishes procedures for delaying the redemption of certain securities if an investment company or agent believes that an older individual or an individual with certain impairments has been financially exploited. Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company and serviced by a transfer agent if the company or agent reasonably believes the redemption involves the financial exploitation of an individual (1) age 65 or older, or (2) age 18 or older who is unable to protect his or her own interests due to a mental or physical impairment. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds. Transfer agents facilitate certain transactions for corporations and investment companies, including dividend distribution and change of securities ownership.) The company may initially delay the redemption for up to 15 days and, upon making a determination of exploitation, may delay the redemption an additional 10 days. A state regulator, appropriate administrative agency, or court may extend this period. In the event of delay, the company must hold the amounts related to the redemption in a demand deposit account. The bill also establishes notification requirements. The bill requires the registered open-end investment company and transfer agent to notify the Securities and Exchange Commission (SEC) if they elect to comply with the procedures established under this bill. Additionally, the SEC must make recommendations to address the financial exploitation of these adults.

house · Substantive

Rankings updated October 26, 2026, 11:44 AM ET · Votes through September 30, 2026
Exported candidates: 719 | Filings on file, by office: H: 5838 | P: 1467 | S: 1567. These counts include every filing for that office, so they are larger than the ranked list. One person can have more than one filing. Non-voting delegates are left out.

Official source

Summary

Recorded summary

The bill lets an open-end investment company or its transfer agent delay redeeming a security if it reasonably believes the redemption involves financial exploitation of a person age 65 or older, or of an adult 18 or older who cannot protect their own interests due to a mental or physical impairment. The initial delay may last up to 15 days, with an additional 10 days after a determination of exploitation. A state regulator, administrative agency, or court may extend the delay. Delayed amounts must be held in a demand deposit account. Companies electing this procedure must notify the SEC, and the SEC must make recommendations to address financial exploitation of these adults. The provided title is a generic House floor-procedure label, so the text relies on the summary.

abuse_accountabilityelder_protectionfinancial_exploitationsecurities_regulationvulnerable_adults

Theological note: The measure bears on protecting the vulnerable from fraud and predatory exploitation, which Scripture treats as a matter of justice toward the elderly and the weak. Its concern is restraining a direct wrong against dependent persons rather than advancing a contested prudential program. Its relevance lies in defending those unable to protect their own interests, though the delay mechanism itself raises ordinary questions about process and burden that call for prudential judgment.

Scoring

How this bill is scored

Debt and war Cloture and Tier 1 Procedural votes Scoring mechanics abuse accountability

Roll

Recorded votes

Roll 227 · 25-Jun-2026 1:29 PM · On Motion to Suspend the Rules and Pass, as Amended · Passed

Yea 414 · Nay 2 · Other 14

Yea

Nay

  • BIGGS, ANDY REP · AZ-05 · Qualified on the 118th–119th Congress record
  • BRECHEEN, JOSH REP · OK-02 · Compromises on record

Other

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