The record

LegislationLegislation· Jul 2025
HR 1469 Passed House — in Senate

Sponsored by Josh Gottheimer (D)

Senior Security Act of 2025

Creates an SEC task force to study financial exploitation of senior investors and recommend protections.

Tradeoff

Establishes a new task force within the Securities and Exchange Commission to identify problems senior investors face. Uses existing SEC funding with no new .

What's in it

See official bill text

Adds negligible net cost to federal spending over 2025-2030; SEC administrative costs of $8 million offset by fee authority.

The $8 million federal cost is just the administrative overhead to establish and run an SEC task force — the policy's real burden falls on securities firms through increased SEC fees to cover the costs.

H.R. 1469, Senior Security Act of 2025 · Jul 2025

Passed the House by on July 21, 2025 — sitting in the Senate.

  1. House

    Introduced

    (Feb 21, 2025)

  2. House

    Committee on Financial Services(Feb 21, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 51 - 0(May 20, 2025)

    Committee report H. Rept. 119-124.

  4. House

    Passage of the bill

    Passed by (Jul 21, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 22, 2025)