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H.R. 2265 117th Congress House

Financial Exploitation Prevention Act of 2021

Official title: To amend the Investment Company Act of 1940 to postpone the date of payment or satisfaction upon redemption of certain securities in the case of the financial … Show full official titleShow less

Official title: To amend the Investment Company Act of 1940 to postpone the date of payment or satisfaction upon redemption of certain securities in the case of the financial exploitation of specified adults, and for other purposes.

Introduced: March 26, 2021 Introduced by: Ann Wagner Republican · Missouri See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresCongressional oversightCrime victimsFraud offenses and financial crimes
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 26, 2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 25, 2021
Motion to reconsider laid on the table Agreed to without objection.
Oct 25, 2021
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)
Oct 25, 2021
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5848-5849)
Oct 25, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.
Oct 25, 2021
Considered under suspension of the rules. (consideration: CR H5848-5850)
Oct 25, 2021
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Mar 26, 2021
Introduced in House
Mar 26, 2021
Referred to the House Committee on Financial Services.
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 Latest action October 26, 2021

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

 Plain-English summary Congressional Research Service

Financial Exploitation Prevention Act of 2021

This bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company or transfer agent reasonably believes the redemption involves the financial exploitation of an individual age 65 or older or an individual age 18 or older who is unable to protect his or her own interests. Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.

Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of such adults.

 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 8
All 8 Democratic 4 Republican 2
D
Williams, Nikema
Georgia · Oct 25, 2021
 D
Lee, Susie
Nevada · Sep 30, 2021
Delgado, Antonio
· Aug 20, 2021
 D
Gottheimer, Josh
New Jersey · Aug 6, 2021
 D
Green, Al
Texas · Jul 27, 2021
Perlmutter, Ed
· Jul 22, 2021
 R
Huizenga, Bill
Michigan · Jun 23, 2021
 R
Steil, Bryan
Wisconsin · Jun 23, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2265: Financial Exploitation Prevention Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2265/
MLA
"H.R. 2265: Financial Exploitation Prevention Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2265/.
Bluebook (legal)
H.R. 2265, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2265/.
Markdown link
[H.R. 2265: Financial Exploitation Prevention Act of 2021](https://openamerica.io/bill/117-HR-2265/)
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