Senior Security Act of 2025

The Senior Security Act of 2025 would create a new Senior Investor Taskforce inside the Securities and Exchange Commission (SEC). Led by a Director appointed by the SEC Chair and staffed largely by existing SEC divisions (including Enforcement, Examinations, and Investor Education), the Taskforce would focus on the challenges facing investors over age 65. Its duties include identifying issues such as financial exploitation and cognitive decline, evaluating regulatory changes that could better protect senior investors, coordinating with other SEC offices, self-regulatory organizations, and certain state and federal partners, and issuing a biennial report to Congress on trends, best practices, and recommended improvements. The bill also requires a separate Government Accountability Office (GAO) study within two years on the financial exploitation of seniors, covering costs, frequency, contributing factors, and policy/or reporting gaps. The Taskforce would operate for up to 10 years and would use existing SEC funds, with no additional compensation for its members beyond their normal government pay.