Bills · 119th Congress · Finance and Financial Sector

Financial Exploitation Prevention Act of 2025

Set your address to see how your representatives voted.

Roll calls on this bill

Votes on passage
HouseOn Motion to Suspend the Rules and Pass, as Amended · 6/25/26Suspension of the rulesA fast-track House procedure, usually for measures expected to have broad support. Debate is limited to 40 minutes, no amendments can be offered, and it needs a two-thirds vote of members voting — not a simple majority. A yes vote passes the bill. “As amended” means changes written into the motion itself are included.Rules of the House, Rule XV, clause 1 ↗
Passed
  • Democratic207 Yea · 0 Nay · 5 Not voting
  • Republican206 Yea · 2 Nay · 9 Not voting
  • Independent / Other1 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

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.)

Full text on congress.gov ↗
Sponsor
Rep. Ann Wagner ( Republican · MO-2)
Cosponsors
11
Introduced
3/27/25
Policy area
Finance and Financial Sector
Status
3/27/25Referred to the House Committee on Financial Services.
3/27/25Introduced in House
9/16/25Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
9/16/25Committee Consideration and Mark-up Session Held
11/4/25Placed on the Union Calendar, Calendar No. 313.
11/4/25Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
6/24/26At 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.
6/24/26DEBATE - The House proceeded with forty minutes of debate on H.R. 2478.
6/24/26Considered under suspension of the rules. (consideration: CR H4222-4226; text: CR H4222-4223)
6/24/26Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
6/25/26Motion to reconsider laid on the table Agreed to without objection.
6/25/26On 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).
6/25/26Passed/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).
6/25/26Considered as unfinished business. (consideration: CR H4251-4252)
7/13/26Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.