# 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.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: abuse_accountability. Category: justice_truth. Lane tag: general equity.
Lane: elder_protection. Category: not stored. Lane tag: not stored.
Lane: financial_exploitation. Category: not stored. Lane tag: not stored.
Lane: securities_regulation. Category: not stored. Lane tag: not stored.
Lane: vulnerable_adults. Category: not stored. Lane tag: not stored.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: good. A yea supports the bill. A nay is the penalized direction when the tag is scored as a protection. A yea on a credit tag is a credit.
Roll 227: On Motion to Suspend the Rules and Pass, as Amended. Vote type: final_passage.
Polarity rationale: Reviewed enrichment (llm_import) polarity: The bill directly restrains financial exploitation of elderly and impaired adults and defends those who cannot protect their own interests. The delay mechanism is a prudential tool, but its core purpose is protective rather than harmful.
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.

## Recorded votes

Roll 227: On Motion to Suspend the Rules and Pass, as Amended. Yea 414 · Nay 2 · Other 14.

HTML: https://justmeasure.org/bill/hr-2478-119/