[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-2478":4},null,{"bill":5,"summaries":73,"cosponsors":79,"cosponsorSlugs":138,"actions":150,"amendments":253,"amendmentSponsorSlugs":254,"linkages":255,"sponsorSlug":281},{"sponsor":6,"cboCostEstimates":14,"originChamber":20,"congress":21,"isByRequest":22,"title":23,"createdAt":24,"cosponsorCount":25,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":26,"popularTitle":3,"laws":3,"billType":27,"introducedDate":28,"congressGovUrl":29,"constitutionalAuthority":30,"policyArea":31,"deletedAt":3,"billNumber":32,"cosponsorCountIncludingWithdrawn":25,"subjects":33,"policyAreaLower":42,"committeeReports":43,"committees":47,"committeeCodes":63,"statusDate":64,"actionCount":65,"latestAction":66,"shortTitle":3,"officialTitle":3,"status":69,"keyMilestoneCount":70,"updateDate":71,"updatedAt":72},{"firstName":7,"lastName":8,"district":9,"fullName":10,"state":11,"party":12,"bioguideId":13},"Ann","Wagner","2","Rep. Wagner, Ann [R-MO-2]","MO","R","W000812",[15],{"description":16,"pubDate":17,"title":18,"url":19},"As reported by the House Committee on Financial Services on November 4, 2025","2026-04-08T18:23:00Z","H.R. 2478, Financial Exploitation Prevention Act of 2025","https:\u002F\u002Fwww.cbo.gov\u002Fpublication\u002F62311","House",119,false,"Financial Exploitation Prevention Act of 2025","2026-05-11T18:14:10.579Z",11,0,"hr","2025-03-27","https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F2478","\u003Cpre>\n[Congressional Record Volume 171, Number 56 (Thursday, March 27, 2025)]\n[House]\n[Pages H1339-H1340]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mrs. WAGNER:\nH.R. 2478.\nCongress has the power to enact this legislation pursuant\nto the following:\n[[Page H1340]]\nArticle 1, Section 8, Clause 18\n\u003C\u002Fpre>","Finance and Financial Sector",2478,[34,35,36,37,38,39,40,41],"Administrative law and regulatory procedures","Congressional oversight","Crime victims","Fraud offenses and financial crimes","Government information and archives","Government studies and investigations","Securities","Securities and Exchange Commission (SEC)","finance and financial sector",[44],{"citation":45,"url":46},"H. Rept. 119-361","https:\u002F\u002Fwww.congress.gov\u002Fcongressional-report\u002F119th-congress\u002Fhouse-report\u002F361",[48],{"name":49,"systemCode":50,"chamber":20,"activities":51,"subcommittees":61,"type":62},"Financial Services Committee","hsba00",[52,55,58],{"name":53,"date":54},"Referred To","2025-03-27T13:03:35Z",{"name":56,"date":57},"Markup By","2025-09-16T14:35:39Z",{"name":59,"date":60},"Reported By","2025-11-04T18:45:29Z",[],"Standing",[50],"2026-06-25",16,{"date":67,"text":68},"2026-06-25T13:30:25","Motion to reconsider laid on the table Agreed to without objection.","introduced",5,"2026-06-27T08:06:10Z","2026-06-27T13:45:27.480Z",[74],{"versionCode":75,"actionDate":28,"actionDesc":76,"text":77,"updateDate":78},"00","Introduced in House","\u003Cp>\u003Cstrong>Financial Exploitation Prevention Act of 2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill establishes procedures for delaying the redemption of certain securities if an investment company or agent believes that an older individual or an individual with certain impairments has been financially exploited.\u003C\u002Fp>\u003Cp>Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company and serviced by a transfer agent if the company or agent reasonably believes the redemption involves the financial exploitation of an individual (1) age 65 or older, or (2) age 18 or older who is unable to protect his or her own interests due to a mental or physical impairment. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds. Transfer agents facilitate certain transactions for corporations and investment companies, including dividend distribution and change of securities ownership.)\u003C\u002Fp>\u003Cp>The company may initially delay the redemption for up to 15 days and, upon making a determination of exploitation, may delay the redemption an additional 10 days. A state regulator, appropriate administrative agency, or court may extend this period. In the event of delay, the company must hold the amounts related to the redemption in a demand deposit account. The bill also establishes notification requirements. \u003C\u002Fp>\u003Cp>The bill requires the registered open-end investment company and transfer agent to notify the Securities and Exchange Commission (SEC) if they elect to comply with the procedures established under this bill. \u003C\u002Fp>\u003Cp>Additionally, the SEC must make recommendations to address the financial exploitation of these adults.\u003C\u002Fp>","2025-11-24T20:14:55Z",[80,86,92,99,105,111,117,121,126,130,135],{"bioguideId":81,"fullName":82,"party":12,"state":83,"district":84,"sponsorshipDate":85,"isOriginalCosponsor":22,"withdrawn":22,"sponsorshipWithdrawnDate":3},"N000193","Rep. Nunn, Zachary [R-IA-3]","IA","3","2025-09-16",{"bioguideId":87,"fullName":88,"party":12,"state":89,"district":90,"sponsorshipDate":91,"isOriginalCosponsor":22,"withdrawn":22,"sponsorshipWithdrawnDate":3},"S000250","Rep. Sessions, Pete [R-TX-17]","TX","17","2025-09-15",{"bioguideId":93,"fullName":94,"party":95,"state":96,"district":97,"sponsorshipDate":98,"isOriginalCosponsor":22,"withdrawn":22,"sponsorshipWithdrawnDate":3},"F000110","Rep. Fields, Cleo [D-LA-6]","D","LA","6","2025-06-04",{"bioguideId":100,"fullName":101,"party":95,"state":102,"district":103,"sponsorshipDate":104,"isOriginalCosponsor":22,"withdrawn":22,"sponsorshipWithdrawnDate":3},"V000138","Rep. Vindman, Eugene Simon [D-VA-7]","VA","7","2025-06-03",{"bioguideId":106,"fullName":107,"party":12,"state":108,"district":109,"sponsorshipDate":110,"isOriginalCosponsor":22,"withdrawn":22,"sponsorshipWithdrawnDate":3},"H001058","Rep. Huizenga, Bill [R-MI-4]","MI","4","2025-04-07",{"bioguideId":112,"fullName":113,"party":12,"state":114,"district":115,"sponsorshipDate":28,"isOriginalCosponsor":116,"withdrawn":22,"sponsorshipWithdrawnDate":3},"K000397","Rep. Kim, Young [R-CA-40]","CA","40",true,{"bioguideId":118,"fullName":119,"party":12,"state":120,"district":90,"sponsorshipDate":28,"isOriginalCosponsor":116,"withdrawn":22,"sponsorshipWithdrawnDate":3},"L000599","Rep. Lawler, Michael [R-NY-17]","NY",{"bioguideId":122,"fullName":123,"party":12,"state":124,"district":125,"sponsorshipDate":28,"isOriginalCosponsor":116,"withdrawn":22,"sponsorshipWithdrawnDate":3},"S001213","Rep. Steil, Bryan [R-WI-1]","WI","1",{"bioguideId":127,"fullName":128,"party":95,"state":129,"district":84,"sponsorshipDate":28,"isOriginalCosponsor":116,"withdrawn":22,"sponsorshipWithdrawnDate":3},"G000600","Rep. Perez, Marie Gluesenkamp [D-WA-3]","WA",{"bioguideId":131,"fullName":132,"party":95,"state":133,"district":134,"sponsorshipDate":28,"isOriginalCosponsor":116,"withdrawn":22,"sponsorshipWithdrawnDate":3},"G000583","Rep. Gottheimer, Josh [D-NJ-5]","NJ","5",{"bioguideId":136,"fullName":137,"party":12,"state":120,"district":9,"sponsorshipDate":28,"isOriginalCosponsor":116,"withdrawn":22,"sponsorshipWithdrawnDate":3},"G000597","Rep. Garbarino, Andrew R. [R-NY-2]",{"N000193":139,"S000250":140,"F000110":141,"V000138":142,"H001058":143,"K000397":144,"L000599":145,"S001213":146,"G000600":147,"G000583":148,"G000597":149},"zachary-nunn","pete-sessions","cleo-fields","eugene-simon-vindman","bill-huizenga","young-kim","michael-lawler","bryan-steil","marie-gluesenkamp-perez","josh-gottheimer","andrew-r-garbarino",[151,160,171,174,182,187,192,195,200,202,207,210,213,221,225,232,235,239,245,249],{"actionDate":64,"actionDateTime":152,"text":153,"type":154,"actionCode":155,"sourceSystem":156,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":159,"isKeyMilestone":22},"2026-06-25T13:01:49","Considered as unfinished business.","Floor","H30000",{"code":157,"name":158},2,"House floor actions",3,{"actionDate":64,"actionDateTime":161,"text":162,"type":154,"actionCode":163,"sourceSystem":164,"committees":3,"recordedVotes":165,"calendarNumber":3,"sequenceIndex":170,"isKeyMilestone":116},"2026-06-25T13:30:23","On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2\u002F3 required): 414 - 2 (Roll no. 227).","H37300",{"code":157,"name":158},[166],{"rollNumber":167,"url":168,"chamber":20,"date":169,"sessionNumber":157},227,"https:\u002F\u002Fclerk.house.gov\u002Fevs\u002F2026\u002Froll227.xml","2026-06-25T17:30:23Z",1,{"actionDate":64,"actionDateTime":67,"text":68,"type":154,"actionCode":172,"sourceSystem":173,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":26,"isKeyMilestone":116},"H38310",{"code":157,"name":158},{"actionDate":64,"actionDateTime":161,"text":175,"type":154,"actionCode":176,"sourceSystem":177,"committees":3,"recordedVotes":180,"calendarNumber":3,"sequenceIndex":157,"isKeyMilestone":116},"Passed\u002Fagreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2\u002F3 required): 414 - 2 (Roll no. 227).","8000",{"code":178,"name":179},9,"Library of Congress",[181],{"rollNumber":167,"url":168,"chamber":20,"date":169,"sessionNumber":157},{"actionDate":183,"actionDateTime":184,"text":185,"type":154,"actionCode":155,"sourceSystem":186,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":157,"isKeyMilestone":22},"2026-06-24","2026-06-24T12:15:38","Considered under suspension of the rules.",{"code":157,"name":158},{"actionDate":183,"actionDateTime":188,"text":189,"type":154,"actionCode":190,"sourceSystem":191,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":26,"isKeyMilestone":22},"2026-06-24T12:39:18","At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Hill (AR) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.","H37210",{"code":157,"name":158},{"actionDate":183,"actionDateTime":188,"text":189,"type":154,"actionCode":190,"sourceSystem":193,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":194,"isKeyMilestone":22},{"code":157,"name":158},4,{"actionDate":183,"actionDateTime":196,"text":197,"type":154,"actionCode":198,"sourceSystem":199,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":70,"isKeyMilestone":22},"2026-06-24T12:15:39","DEBATE - The House proceeded with forty minutes of debate on H.R. 2478.","H8D000",{"code":157,"name":158},{"actionDate":183,"actionDateTime":196,"text":197,"type":154,"actionCode":198,"sourceSystem":201,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":170,"isKeyMilestone":22},{"code":157,"name":158},{"actionDate":183,"actionDateTime":203,"text":204,"type":154,"actionCode":205,"sourceSystem":206,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":159,"isKeyMilestone":22},"2026-06-24T12:15:26","Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.","H30300",{"code":157,"name":158},{"actionDate":183,"actionDateTime":203,"text":204,"type":154,"actionCode":205,"sourceSystem":208,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":209,"isKeyMilestone":22},{"code":157,"name":158},7,{"actionDate":183,"actionDateTime":184,"text":185,"type":154,"actionCode":155,"sourceSystem":211,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":212,"isKeyMilestone":22},{"code":157,"name":158},6,{"actionDate":214,"actionDateTime":3,"text":215,"type":216,"actionCode":217,"sourceSystem":218,"committees":219,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":170,"isKeyMilestone":22},"2025-11-04","Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.","Committee","H12200",{"code":157,"name":158},[220],{"name":49,"systemCode":50},{"actionDate":214,"actionDateTime":3,"text":215,"type":216,"actionCode":217,"sourceSystem":222,"committees":223,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":178,"isKeyMilestone":22},{"code":157,"name":158},[224],{"name":49,"systemCode":50},{"actionDate":214,"actionDateTime":3,"text":226,"type":227,"actionCode":228,"sourceSystem":229,"committees":3,"recordedVotes":3,"calendarNumber":230,"sequenceIndex":26,"isKeyMilestone":22},"Placed on the Union Calendar, Calendar No. 313.","Calendars","H12410",{"code":157,"name":158},{"calendar":231},"U00313",{"actionDate":214,"actionDateTime":3,"text":226,"type":227,"actionCode":228,"sourceSystem":233,"committees":3,"recordedVotes":3,"calendarNumber":234,"sequenceIndex":194,"isKeyMilestone":22},{"code":157,"name":158},{"calendar":231},{"actionDate":214,"actionDateTime":3,"text":226,"type":227,"actionCode":228,"sourceSystem":236,"committees":3,"recordedVotes":3,"calendarNumber":237,"sequenceIndex":238,"isKeyMilestone":22},{"code":157,"name":158},{"calendar":231},8,{"actionDate":214,"actionDateTime":3,"text":215,"type":216,"actionCode":240,"sourceSystem":241,"committees":242,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":244,"isKeyMilestone":22},"5000",{"code":178,"name":179},[243],{"name":49,"systemCode":50},10,{"actionDate":214,"actionDateTime":3,"text":215,"type":216,"actionCode":240,"sourceSystem":246,"committees":247,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":212,"isKeyMilestone":22},{"code":178,"name":179},[248],{"name":49,"systemCode":50},{"actionDate":214,"actionDateTime":3,"text":215,"type":216,"actionCode":240,"sourceSystem":250,"committees":251,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":157,"isKeyMilestone":22},{"code":178,"name":179},[252],{"name":49,"systemCode":50},[],{},[256],{"sectors":257,"tickers":261,"mechanism":270,"confidence":271,"rationale":272,"keyProvisions":273,"textSource":277,"model":278,"reviewStatus":279,"adminReview":3,"analysedAt":280},[258],{"name":259,"direction":260},"Finance","negative",[262,264,266,268],{"symbol":263,"direction":260},"BLK",{"symbol":265,"direction":260},"STT",{"symbol":267,"direction":260},"BK",{"symbol":269,"direction":260},"NTRS","regulation",0.9,"The bill amends the Investment Company Act of 1940, imposing new compliance requirements and operational procedures on registered open-end investment companies and their transfer agents. These requirements, such as requesting trusted contact information, establishing internal review processes for suspected financial exploitation of 'specified adults,' delaying redemptions, and extensive record-keeping, will increase operational costs and regulatory burden for these financial institutions. Companies like BlackRock (BLK) manage numerous open-end funds, while State Street (STT), Bank of New York Mellon (BK), and Northern Trust (NTRS) are major providers of transfer agency and asset servicing functions to investment companies.",[274,275,276],"SEC. 2. REDEMPTION OF CERTAIN SECURITIES POSTPONED.","SEC. 2(h) Requirements With Respect to Non-institutional Direct At-fund Accounts.","SEC. 2(i) Redemption of Certain Securities Postponed.","bill_text","gemini-2.5-flash","auto","2026-06-27T11:06:22.776Z","ann-wagner"]