House Bill 2265
117th Congress(2021-2022)
Financial Exploitation Prevention Act of 2021
Active
Active
Passed House on Oct 25, 2021
Overview
Text
Sponsor
Introduced
Mar 26, 2021
Latest Action
Oct 26, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2265
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Missouri
Nevada
New Jersey
Wisconsin
House Votes (1)
Senate Votes (0)
Passed
October 25, 2021
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
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)
Summary

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.

Text (3)
October 26, 2021
October 25, 2021
March 26, 2021
Actions (12)
10/26/2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/25/2021
Motion to reconsider laid on the table Agreed to without objection.
10/25/2021
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5848-5849)
10/25/2021
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)
10/25/2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 2265.
10/25/2021
Considered under suspension of the rules. (consideration: CR H5848-5850)
10/25/2021
Ms. Waters moved to suspend the rules and pass the bill, as amended.
07/29/2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
07/29/2021
Committee Consideration and Mark-up Session Held.
07/28/2021
Committee Consideration and Mark-up Session Held.
03/26/2021
Referred to the House Committee on Financial Services.
03/26/2021
Introduced in House
Public Record
Record Created
Mar 27, 2021 9:18:19 AM
Record Updated
Mar 8, 2022 4:47:36 AM