Bill > S856

This bill, titled the "National Senior Investor Initiative Act of 2021" or the "Senior Security Act of 2021," amends the Securities Exchange Act of 1934 to create an interdivisional taskforce at the Securities and Exchange Commission (SEC) focused on addressing challenges faced by senior investors, such as financial exploitation and cognitive decline. The bill directs the taskforce to identify issues affecting senior investors, coordinate with other regulatory bodies, and submit biennial reports to Congress on trends, best practices, and recommendations. Additionally, the bill requires the Government Accountability Office to conduct a study on the economic costs and policy responses to the financial exploitation of senior citizens.