Empowering States to Protect Seniors from Bad Actors Act
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Progress
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- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill, the Empowering States to Protect Seniors from Bad Actors Act, aims to bolster state efforts to safeguard senior investors and policyholders from financial fraud. It provides grants to state securities and insurance regulators to enhance their ability to identify, investigate, and prosecute cases of senior financial fraud, which has been increasing significantly. The grants can be used for staffing, technology, training, and educational materials, ultimately strengthening protections for vulnerable seniors.
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