The U.S. Financial Services Committee announced that the House of Representatives passed the Financial Exploitation Prevention Act of 2025 by a 414 to 2 vote. The bipartisan bill would give financial institutions greater authority to temporarily delay certain transactions when they reasonably suspect financial exploitation of older Americans or individuals with mental or physical disabilities. According to the committee release, the measure is intended to let firms intervene when there are clear signs of suspected exploitation rather than processing a transaction without legal certainty to act. Committee leaders framed the bill as adding a safeguard for vulnerable customers while maintaining customer rights and oversight, and described the authority as applying to financial institutions including investment companies such as mutual funds.
U.S. Financial Services Committee2026-06-25
U.S. Financial Services Committee highlights House passage of bill allowing temporary delays on suspected exploitative transactions by 414 to 2 vote
The U.S. Financial Services Committee said the House passed the Financial Exploitation Prevention Act of 2025 by a 414 to 2 vote. The bill would let financial institutions temporarily delay certain transactions when they reasonably suspect financial exploitation of older Americans or people with mental or physical disabilities. Committee leaders said the measure is designed to give firms clearer authority to intervene while preserving customer rights and oversight.