# 119-s-4055: Senior Security Act of 2026

119-s-4055, Senior Security Act of 2026, is a 119th Congress bill sponsored by Sen. Kim, Andy [D-NJ] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4055
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4055
- Congress: 119
- Title: Senior Security Act of 2026
- Status: introduced
- Introduced: 2026-03-11
- Sponsor: Sen. Kim, Andy [D-NJ] (D-NJ)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Protecting senior investors** is the main goal of this bill. It would create an SEC Senior Investor Taskforce to identify financial exploitation and cognitive‑decline risks, recommend regulatory and industry changes, and report findings to Congress every two years. - Seniors: Investors over age 65 would get a dedicated federal effort to spot scams, analyze problems with financial products, and surface trends that harm older investors. - Market participants: Brokers, dealers, and investment advisers would be reviewed for their policies toward senior clients and could be the focus of recommended changes to SEC rules and self‑regulatory organization standards. - SEC operations and Congress: The taskforce would be led by a Director chosen by the SEC Chair, staffed from Enforcement, Examinations, and Investor Education offices without extra pay, coordinate with state and federal partners, and provide biennial reports to key Senate and House committees. The taskforce would end after 10 years. *The SEC would carry out the Taskforce using existing funds and the bill does not authorize new spending.*

## Cosponsors (3)

- Sen. Collins, Susan M. [R-ME] (R-ME), 2026-03-11T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-03-11T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-03-11T00:00:00.000Z

## Provisions PRIA read

- New SEC taskforce for seniors: benefit, medium. If enacted, the SEC would create a Senior Investor Taskforce to protect investors age 65 and older. The SEC Chairman would appoint a Director who would report directly to the Chairman. The Chairman would staff the taskforce using existing SEC employees and resources. Staff would include people from…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-237: Honoring Our Fallen Heroes Act of 2025
- 119-s-3302: Mikaela Naylon Give Kids a Chance Act of 2025
- 119-s-2398: Kay Hagan Tick Reauthorization Act

## Sources
- [119-s-4055 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4055)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-237: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-s-237)
- [119-s-3302: Mikaela Naylon Give Kids a Chance Act of 2025](https://policyrisk.com/legislation/119-s-3302)
- [119-s-2398: Kay Hagan Tick Reauthorization Act](https://policyrisk.com/legislation/119-s-2398)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4055 (as of 2026-04-21).