# 119-s-2840: Financial Exploitation Prevention Act of 2025

119-s-2840, Financial Exploitation Prevention Act of 2025, is a 119th Congress bill sponsored by Sen. Hagerty, Bill [R-TN] (R-TN); status introduced; PRIA reads it as touching household money (as of 2026-09-26).

- Canonical: https://policyrisk.com/legislation/119-s-2840
- As of: 2026-09-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2840
- Congress: 119
- Title: Financial Exploitation Prevention Act of 2025
- Status: introduced
- Introduced: 2025-09-17
- Sponsor: Sen. Hagerty, Bill [R-TN] (R-TN)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-26

## Summary

**Protecting older and vulnerable investors from financial exploitation.** This bill would let registered open-end funds and their transfer agents opt into a framework that can postpone redemption payments for direct-at-fund accounts when they reasonably suspect a "specified adult" is being financially exploited. - Specified adults and families: A "specified adult" is defined as someone 65 or older or an adult with a mental or physical impairment. Funds could delay redemption payments up to 15 business days with an extension of up to 10 more business days, and a state regulator, administrative agency, or court may further extend the delay. - Funds and transfer agents: Would have to collect and retain at least one adult contact for each direct-at-fund account and disclose that the contact may be notified about suspected exploitation. They must create internal procedures, document postponements and reviews, hold delayed proceeds in a demand deposit account during an extension, and notify designated contacts not later than 2 days after deciding to extend. - Regulators and Congress: The SEC would have to submit a report to Congress within one year with recommendations on regulatory and legislative changes, consulting a statutory list of agencies including the CFTC, the CFPB, FINRA, NASAA, the Federal Reserve Board, the OCC, and the FDIC.

## Cosponsors (9)

- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2025-09-17T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-09-18T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2025-12-16T00:00:00.000Z
- Sen. Duckworth, Tammy [D-IL] (D-IL), 2026-01-15T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2026-01-28T00:00:00.000Z
- Sen. Collins, Susan M. [R-ME] (R-ME), 2026-03-10T00:00:00.000Z
- Sen. Baldwin, Tammy [D-WI] (D-WI), 2026-03-10T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-07-27T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2026-09-23T00:00:00.000Z

## Provisions PRIA read

- Who qualifies for senior protections: benefit, medium. If enacted, the bill would define who counts as a "specified adult" for fund safeguards. You would qualify if you are age 65 or older. You would also qualify if you are age 18 or older and the fund reasonably believes you have a mental or physical impairment. The impairment must make it hard for yo…
- Funds can delay redemptions for seniors: mixed, low. If enacted, a registered open‑end fund and its transfer agent could opt in by notifying the SEC. For direct‑at‑fund accounts, firms must collect at least one adult contact and give written disclosure. If the firm reasonably believes a specified adult is being or was targeted, it could postpone payi…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.

## Sources
- [119-s-2840 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2840)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-s-1289)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2840 (as of 2026-09-26).