summary
Introduced
01/20/2022
01/20/2022
In Committee
01/20/2022
01/20/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Investor Protection and Securities Reform Act of 2010 to provide grants to States for enhanced protection of senior investors and senior policyholders, and for other purposes.
AI Summary
This bill amends the Investor Protection and Securities Reform Act of 2010 to provide grants to state securities commissions and insurance departments (referred to as "eligible entities") for enhanced protection of senior investors and policyholders. The bill establishes a task force within the Securities and Exchange Commission (SEC) to administer the grant program, which allows eligible entities to use the funds to hire staff, fund technology and training, provide educational materials, develop plans to combat senior financial fraud, and enhance state laws to protect seniors. The bill sets a maximum grant amount of $500,000 per eligible entity and authorizes $10 million in annual appropriations for the program from 2023 to 2028.
Committee Categories
Housing and Urban Affairs
Sponsors (8)
Chris Van Hollen (D)*,
Richard Blumenthal (D),
Bob Casey (D),
Susan Collins (R),
Deb Fischer (R),
Cynthia Lummis (R),
Tim Scott (R),
Raphael Warnock (D),
Last Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 07/28/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/3529/all-info |
| BillText | https://www.congress.gov/117/bills/s3529/BILLS-117s3529is.pdf |
| Bill | https://www.congress.gov/117/bills/s3529/BILLS-117s3529is.pdf.pdf |
Loading...