Latest action: Motion to reconsider laid on the table Agreed to without objection.
Bill is filed in its originating chamber and assigned a number.
Sponsor
Ann Wagner (R-MO)
Filed in the House.
Next: In Committee
Members of the committee(s) the bill was referred to
Bill aims to prevent financial exploitation of vulnerable people through new protections and reporting requirements.
The problem
Vulnerable populations, especially seniors and people with disabilities, face financial abuse and scams that cause significant economic and personal harm.
The proposal
Establishes requirements for financial institutions to identify, report, and prevent financial exploitation through training, protocols, and coordination mechanisms.
The impact
Affects banks, seniors, people with disabilities, and financial institutions through new compliance duties and protective measures.
Creates safeguards to prevent financial abuse of seniors and people with disabilities. Helps catch exploitation early before significant losses occur. Gives vulnerable groups better legal protections.
Requires financial institutions to develop better tools to spot suspicious activity. Banks gain clearer guidelines on recognizing exploitation patterns. Can stop fraud before money is stolen.
Banks and financial companies must take active steps to prevent exploitation. Creates clearer responsibility for institutions to protect customers. Encourages industry-wide focus on vulnerable customer protection.
Improves information sharing between financial institutions and investigators. Helps police and authorities catch perpetrators faster. Creates better coordination across institutions to track patterns.
Banks must spend money on new training programs and systems. Small financial institutions may struggle with compliance expenses. Creates administrative burden that could be significant.
Increased reporting and monitoring of customer accounts could feel invasive. More data collection and sharing between institutions raises privacy questions. Some may worry about unnecessary surveillance.
Bill details on specific procedures and standards may be missing. Financial institutions may struggle to understand exact compliance expectations. Could lead to inconsistent implementation across banks.
Banks might restrict services to high-risk populations to avoid compliance burden. Could make it harder for seniors or disabled people to access banking. Over-caution might harm those the bill intends to help.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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