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US S223

Senior$afe Act of 2017


summary

Introduced
01/24/2017
In Committee
01/24/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Senior$afe Act of 2017 This bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing financial institution shall not be liable with respect to disclosures made by such employees.

AI Summary

This bill provides immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. The immunity applies to certain employees of credit unions, depository institutions, investment advisers, broker-dealers, insurance companies, and insurance agencies who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. The bill also ensures that the employing financial institution is not liable with respect to disclosures made by such employees. The bill aims to encourage the reporting of suspected senior exploitation and protect those who do so from potential legal consequences.

Committee Categories

Housing and Urban Affairs

Sponsors (31)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S449-450) (on 01/24/2017)

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