119th Congress · introduced in the House · Mar 27, 2025
Financial Exploitation Prevention Act of 2025
Official title from Congress.gov
Latest action (Jul 13, 2026): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Introduced in House (Mar 27, 2025)
Financial Exploitation Prevention Act of 2025
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.
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.)
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.
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.
Additionally, the SEC must make recommendations to address the financial exploitation of these adults.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
House · Jun 25, 2026 · Roll call 227 · Passed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 2 (Roll no. 227). Roll call details
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 2 (Roll no. 227). Roll call details
Considered as unfinished business. (consideration: CR H4251-4252)
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.
DEBATE - The House proceeded with forty minutes of debate on H.R. 2478.
Considered under suspension of the rules. (consideration: CR H4222-4226; text: CR H4222-4223)
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 313.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
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)
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCommittee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Coverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
22 citations.
INVESTMENT COMPANY INSTITUTE · lobbying firm or registrant: INVESTMENT COMPANY INSTITUTE
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Financial Institutions/Investments/Securities
$1,511,303
Spent on own lobbying
…ncial Exploitation Prevention Act of 2025 S. 3578, Financial Stability Oversight Council Improvement Act of 2025 S. 3671, Increasing Investor Opportunities Act H.R. 2478, Financial Exploitation Prevention Act of 2025 H.R. 3383, INVEST Act (Sections 202, 205, 206, 302) H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 368…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. · lobbying firm or registrant: MINDSET ADVOCACY, LLC
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Banking
$50,000
Paid to lobbying firm
HR 2478
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Financial Institutions/Investments/Securities
$328,297
Spent on own lobbying
…ulation Best Interest; payments of commissions to ensemble practices and the Clarity for Compensation Act (HR 7187); the Financial Exploitation Prevention Act (HR 2478, S2228); the GROWTH Act (HR 2089, S 1839); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INVESTMENT COMPANY INSTITUTE · lobbying firm or registrant: INVESTMENT COMPANY INSTITUTE
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Financial Institutions/Investments/Securities
$1,190,000
Spent on own lobbying
…ncial Exploitation Prevention Act of 2025 S. 3578, Financial Stability Oversight Council Improvement Act of 2025 S. 3671, Increasing Investor Opportunities Act H.R. 2478, Financial Exploitation Prevention Act of 2025 H.R. 3383, INVEST Act (Sections 202, 205, 206, 302) H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 368…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 17, 2026 · issue area: Financial Institutions/Investments/Securities
$320,562
Spent on own lobbying
…ulation Best Interest; payments of commissions to ensemble practices and the Clarity for Compensation Act (HR 7187); the Financial Exploitation Prevention Act (HR 2478, S2228); the GROWTH Act (HR 2089, S 1839); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINSECA · lobbying firm or registrant: FINSECA
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 22, 2026 · issue area: Financial Institutions/Investments/Securities
$850,000
Spent on own lobbying
…quest for Meeting re: SEC overreach on Fixed Indexed Annuities Coalition letter to House re: H.R. 3682 / FSOC Improvement Act Joint Trades Letter to Senate re: H.R. 2478 / S. 2840: Financial Exploitation Prevention Act of 2025
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AARP · lobbying firm or registrant: AARP
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Financial Institutions/Investments/Securities
$3,830,000
Spent on own lobbying
…Security Act. S.4092, the No Crypto in Social Security Act. H.R. 6644, the ROAD to Housing Act. S. 2117/H.R. 1734, the Preventing Deep Fake Scams Act. S. 2840/H.R. 2478, the Financial Exploitation Prevention Act. S. 1467/H.R. 2808, the Homebuyers Privacy Protection Act. H.R. 2978, the GUARD Act. S. 4144/H.R. 306, the Ending Sc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AARP · lobbying firm or registrant: AARP
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Telecommunications
$3,830,000
Spent on own lobbying
S. 3354 /H.R. 1027, the QUIET Act. S. 2840/H.R. 2478, Financial Exploitation Prevention Act. No bill number. Discussed AI-powered robocalls, robotexts, and fraud. No bill number. Discussed robocall mitigation and…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INVESTMENT COMPANY INSTITUTE · lobbying firm or registrant: INVESTMENT COMPANY INSTITUTE
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Financial Institutions/Investments/Securities
$1,290,000
Spent on own lobbying
…3578, Financial Stability Oversight Council Improvement Act of 2025 S 3671, Increasing Investor Opportunities Act S 4064, Digital Commodity Intermediaries Act HR 2478, Financial Exploitation Prevention Act of 2025 HR 3383, INVEST Act (Sections 202, 205, 206, 302) HR 3682, Financial Stability Oversight Council Improvement Act…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 14, 2026 · issue area: Financial Institutions/Investments/Securities
$320,562
Spent on own lobbying
…ulation Best Interest; payments of commissions to ensemble practices and the Clarity for Compensation Act (HR 7187); the Financial Exploitation Prevention Act (HR 2478, S2228); the GROWTH Act (HR 2089, S 1839); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INVESTMENT COMPANY INSTITUTE · lobbying firm or registrant: INVESTMENT COMPANY INSTITUTE
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Financial Institutions/Investments/Securities
$916,510
Spent on own lobbying
…arities and Educational Institutions Act of 2025 HR 2225, Access to Small Business Investor Capital Act HR 2441, Improving Disclosure for Investors Act of 2025 HR 2478, Financial Exploitation Prevention Act of 2025 HR 3383, Increasing Investor Opportunities Act HR 3383, INVEST Act (Sections 202, 205, 206, 302) HR 3633, Digita…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINSECA · lobbying firm or registrant: FINSECA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Government Issues
$590,000
Spent on own lobbying
…equest for Meeting re: SEC overreach on Fixed Indexed Annuities Coaliton letter to House re: H.R. 3682 / FSOC Improvement Act Joint Trades Letter to Senate re: H.R. 2478 / S. 2840: Financial Exploitation Prevention Act of 2025
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINSECA · lobbying firm or registrant: FINSECA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Financial Institutions/Investments/Securities
$590,000
Spent on own lobbying
…equest for Meeting re: SEC overreach on Fixed Indexed Annuities Coaliton letter to House re: H.R. 3682 / FSOC Improvement Act Joint Trades Letter to Senate re: H.R. 2478 / S. 2840: Financial Exploitation Prevention Act of 2025
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AARP · lobbying firm or registrant: AARP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Financial Institutions/Investments/Securities
$5,300,000
Spent on own lobbying
…nt of Retirement Savings Act of 2025. H.R.2441, the Improving Disclosure for Investors Act of 2025. S.1877, the Improving Disclosure for Investors Act of 2025. H.R. 2478, the Financial Exploitation Prevention Act of 2025. H.R. 1734, the Preventing Deep Fake Scams Act of 2025. H.R. 4936/ S. 2019, the TRAPS Act of 2025. H.R. 2978…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 9, 2026 · issue area: Financial Institutions/Investments/Securities
$303,300
Spent on own lobbying
…ontractor Classification under the FLSA;SEC Regulation Best Interest; payments of commissions to ensemble practices; the Financial Exploitation Prevention Act (HR 2478, S2228); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A pass through deduction and restor…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Financial Institutions/Investments/Securities
$259,934
Spent on own lobbying
…ontractor Classification under the FLSA;SEC Regulation Best Interest; payments of commissions to ensemble practices; the Financial Exploitation Prevention Act (HR 2478); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A pass through deduction and restoring the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INVESTMENT COMPANY INSTITUTE · lobbying firm or registrant: INVESTMENT COMPANY INSTITUTE
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 17, 2025 · issue area: Financial Institutions/Investments/Securities
$1,450,000
Spent on own lobbying
…ies and Educational Institutions Act of 2025 H.R. 2225, Access to Small Business Investor Capital Act H.R. 2441, Improving Disclosure for Investors Act of 2025 H.R. 2478, Financial Exploitation Prevention Act of 2025 H.R. 3383, Increasing Investor Opportunities Act H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 3682,…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AARP · lobbying firm or registrant: AARP
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 17, 2025 · issue area: Financial Institutions/Investments/Securities
$3,810,000
Spent on own lobbying
…4/H.R. 2978, the Guarding Unprotected Aging Retirees from Deception Act. H.R. 3523, the STOP Scammers Act. H.R. 306, the Ending Scam Credit Repair (ESCRA) Act. H.R. 2478/ S.2840, the Financial Exploitation Prevention Act of 2025. S. 1467/H.R. 2808, the Homebuyers Privacy Protection Act of 2025. S. 2117/H.R. 1734, the Preventing…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CENTER FOR RESPONSIBLE LENDING A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP · lobbying firm or registrant: CENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Banking
$80,000
Spent on own lobbying
…parency in CFPB Cost-Benefit Analysis Act; H.R. 2392, opposing the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025; H.R. 2478, opposing the Financial Exploitation Prevention Act of 2025 H.R. 2513, opposing the CFPB-IG Reform Act of 2025; H.R. 3445, opposing the Consumer Financial Prot…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Financial Institutions/Investments/Securities
$259,934
Spent on own lobbying
…ontractor Classification under the FLSA;SEC Regulation Best Interest; payments of commissions to ensemble practices; the Financial Exploitation Prevention Act (HR 2478); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A pass through deduction and restoring the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FINANCIAL SERVICES INSTITUTE · lobbying firm or registrant: FINANCIAL SERVICES INSTITUTE
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Financial Institutions/Investments/Securities
$259,934
Spent on own lobbying
…ontractor Classification under the FLSA;SEC Regulation Best Interest; payments of commissions to ensemble practices; the Financial Exploitation Prevention Act (HR 2478); regulation by enforcement; tax provisions, including extension of the Tax Cuts and Jobs Act of 2017 such as the 199A pass through deduction and restoring the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
INVESTMENT COMPANY INSTITUTE · lobbying firm or registrant: INVESTMENT COMPANY INSTITUTE
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 18, 2025 · issue area: Financial Institutions/Investments/Securities
$1,270,000
Spent on own lobbying
…nstitutions Act of 2025 H.R. 1013, Retirement Fairness for Charities and Educational Institutions Act of 2025 H.R. 2441, Improving Disclosure for Investors Act H.R. 2478, Financial Exploitation Prevention Act Financial Stability Oversight Council Improvement Act Increasing Investor Opportunities Act Investment Company Act of 19…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing