Financial Exploitation Prevention Act of 2025

What this measure contains

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.

The latest Congressional Research Service summary in the bill's GovInfo status record, or its official title when no summary has been published. Amendments can change the wording; read a specific version for its complete provisions.

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Bill text and versions

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• Referred in Senate · Official document ↗· Jul 13, 2026
• Engrossed in House · Official document ↗· Jun 25, 2026
• Reported in House · Official document ↗· Nov 4, 2025
• Introduced in House · Official document ↗· Mar 27, 2025

Legislative path

Each stage below is a House or Senate floor decision: every recorded roll call on this measure, plus passage by voice vote or unanimous consent, which records no individual votes. Each stage shows the latest version published before that day; the chamber may have voted on an amended text. Roll calls name every member. A member's row follows their votes, and a highlighted vote marks where they voted for advancing the measure at one stage and against it at another (passage, cloture, motions to proceed, agreeing to the other chamber's version). Amendments and motions such as recommit or table don't count as a change, because an aye there isn't a vote for the measure.

1. Introduced in House
2. Reported in House
3. Engrossed in Houseby House suspend rules and pass
4. Referred in Senate

Decision stages

1. Jun 25, 2026 · House

   House suspend rules and pass on Reported in House: Passed, reported as Engrossed in House

   414 aye · 2 no · 14 not voting · Source roll call

House members along the path

Aye yea or aye · No nay or no · Present · NV not voting · Changed reversed on advancing the measure

Members are identified by the Bioguide ID in each roll call, not by name. Not voting is not a no vote; a blank cell means the member wasn't listed for that roll call.Congress.gov actions ↗

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Legislative history

1. Mar 27, 2025

   Introduced in House

2. Mar 27, 2025

   Referred to the House Committee on Financial Services.

3. Sep 16, 2025

   Committee Consideration and Mark-up Session Held

4. Sep 16, 2025

   Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

5. Nov 4, 2025

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.

6. Nov 4, 2025

   Placed on the Union Calendar, Calendar No. 313.

7. Jun 24, 2026

   Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

8. Jun 24, 2026

   Considered under suspension of the rules. (consideration: CR H4222-4226; text: CR H4222-4223)

9. Jun 24, 2026

   DEBATE - The House proceeded with forty minutes of debate on H.R. 2478.

10. Jun 24, 2026

    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Hill (AR) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.

11. Jun 25, 2026

    Considered as unfinished business. (consideration: CR H4251-4252)

12. Jun 25, 2026

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 2 (Roll no. 227).

13. Jun 25, 2026

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 2 (Roll no. 227).

14. Jun 25, 2026

    Motion to reconsider laid on the table Agreed to without objection.

15. Jul 13, 2026

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill sponsors