S2840Referred to Committee

Financial Exploitation Prevention Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-17
Introduced
7
Cosponsors
S
ⓘ
Type

Sponsor

Bill Hagerty
Bill Hagerty
Republican · TN · Senator
Votes with party: 33.1% (314 recorded votes)

Full profile: /officials/H000601

Source: Congress.gov · FEC

Cosponsors (7)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2025-09-17

Source: Congress.gov

Plain-English Summary

This bill aims to protect people from financial fraud and scams, likely by requiring banks and financial institutions to implement stronger safeguards against elder abuse, identity theft, and other forms of financial exploitation. It would probably establish new rules for how financial companies must monitor suspicious activity and report potential victims to authorities. The legislation would affect banks, credit unions, and other financial service providers that handle customer accounts and transactions.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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Related legislation

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