H.R. 5914: Empowering States to Protect Seniors from Bad Actors Act
CBO Score
$38 million
Documentation
Date of Report
Wed July 6th, 2022
CBO Report Details
Legislation Details
117th Congress
To amend the Investor Protection and Securities Reform Act of 2010 to provide grants to States for enhanced protection of senior investors and senior policyholders, and for other purposes.
Sponsor: Rep. Josh Gottheimer — D — NJ
Reauthorizes through FY2028 and otherwise revises the Senior Investor Protection Grant Program. The bill moves the program from the Consumer Financial Protection Bureau to the Securities and Exchange Commission, establishes a task force to oversee the program, and eliminates certain grant eligibility requirements.
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