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House passes bill that would shield seniors from financial fraud
News June 29, 2026 at 10:02 AM
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What You Need To Know
- The Financial Exploitation Prevention Act would allow advisors and firms to delay suspicious transactions.
- About 20% of Americans over 65 have been exploited financially, leading to losses of about $2.9 billion, according to the Investment Company Institute.
- The bill now awaits a Senate vote.