S. 2116 · 117th Congress
Senior Financial Empowerment Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
GillibrandSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Federal Trade Commission (FTC) to disseminate to senior citizens and their families and caregivers information regarding mail, telemarketing, and internet fraud that targets senior citizens.
What it does: CRS summary · Introduced in Senate · Jun 17, 2021
Senior Financial Empowerment Act of 2021
This bill requires the Federal Trade Commission (FTC) to disseminate to senior citizens and their families and caregivers information regarding mail, telemarketing, and internet fraud that targets senior citizens. This includes information about safe and smart financial practices, instructions for referring a fraud complaint to law enforcement, and a toll-free telephone number that connects to a live individual who answers calls from seniors seeking advice about scams or how to report instances of fraud.
Further, the Department of Justice may award grants for the prevention of senior citizen fraud to state attorneys general, state or local law enforcement, senior centers, or nonprofit organizations that provide assistance to seniors.
The FTC must provide education regarding legal obligations and industry best practices with respect to addressing financial exploitation and neglect of seniors to specified financial entities and to employees of financial institutions who may be able to identify elder financial abuse.
The National Institutes of Health must research the increased vulnerability of seniors to scams and fraud due to age-related health and neurological conditions.
The bill expresses the sense of Congress that a week in March of each year should be designated as National Senior Fraud Awareness Week.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Senior Financial Empowerment Act of 2021
Latest action (Jun 17, 2021): Read twice and referred to the Committee on Commerce, Science, and Transportation.
Policy area: Commerce · Origin: Senate · Introduced: Jun 17, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.