Bill > HR2593

This bill, the National Senior Investor Initiative Act of 2023 or the Senior Security Act of 2023, establishes a Senior Investor Taskforce within the Securities and Exchange Commission (SEC) to identify challenges faced by senior investors, such as financial exploitation and cognitive decline, and recommend regulatory changes to address these issues. The Taskforce will coordinate with other SEC divisions, self-regulatory organizations, and federal and state agencies, and will issue a biennial report to Congress on its findings and recommendations. The bill also directs the Government Accountability Office (GAO) to conduct a study on the economic costs and frequency of senior financial exploitation, as well as policy responses and reporting of such exploitation.