House passes bipartisan Financial Exploitation Prevention Act to protect seniors and disabled adults from fraud
By
Sarah Agostino
Summary
The House of Representatives passed the Financial Exploitation Prevention Act of 2025 (H.R. 2478) with a 414-2 bipartisan vote. The bill would allow mutual funds, ETFs, and their transfer agents to temporarily pause redemption requests from adults aged 65+ or those with disabilities when financial exploitation is suspected. This aims to add a layer of protection for vulnerable adults against financial fraud.
Source
bskyHouse passes bipartisan Financial Exploitation Prevention Act to protect seniors and disabled adults from fraudcnbc.comKey quotes
· 1 pulledMany seniors and vulnerable adults need that extra layer of defense from fraud that has
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