In CommitteeFiled Mar 27, 2025
Sponsor: Rep. Wagner, Ann [R-MO-2] (R)
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 13, 2026
Summary
The bill lets open‑end investment companies and their transfer agents postpone cashing in shares for up to 15 business days – and longer if needed – if they suspect an older or otherwise vulnerable adult is being abused. It also forces these firms to collect a trusted contact’s information, notify that person, and set up internal review procedures. The goal is to give regulators and families a window to intervene before money is wrongly taken.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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