Financial Exploitation Prevention Act of 2025

Where it stands

1. Introduced Done · Mar 27, 2025
2. Committee Done · Mar 27, 2025
3. Passed House Done · Jun 25, 2026
4. Passed Senate Not yet
5. President Not yet
6. Law Not yet

From the official actions on Congress.gov.

Key points

What it changes

A plain-language summary isn't ready yet. The official summary below describes the bill.

Who it affects

A plain-language summary isn't ready yet. The official summary below describes the bill.

What it costs

The Congressional Budget Office published a cost estimate on Apr 8, 2026 (as reported by the House Committee on Financial Services on November 4, 2025): H.R. 2478, Financial Exploitation Prevention Act of 2025 ↗

Where it stands

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Jul 13, 2026)

What happens next

The Senate would need to pass it next.

Official summary

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.

Summary by the Congressional Research Service (Introduced in House version), via Congress.gov. These are proposed provisions, not enacted law.

Recorded votes

1. HOUSEFinal passageJun 25, 2026 · roll call 227

   On Motion to Suspend the Rules and Pass, as Amended: Passed (414–2)

   This vote decided whether the bill passes this chamber.
   Votes by party

   How each party voted on roll call 227

   Party	Yes	No	Present	Did not vote	Share voting Yes
   Democratic	207	0	0	5
   Republican	206	2	0	9
   Independent	1	0	0	0

   Party totals from the official roll call.

   Map: how each state voted

   All voted YesSplitAll voted NoNo Yes or No votes

   Each state is shaded by the share of its U.S. House members who voted Yes, out of those who voted Yes or No. Colors show the vote, not party.

   Office of the Clerk, U.S. House ↗ — includes how every member voted

Vote types come from the official question text. How we label votes

Legislative history

1. Jul 13, 2026Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2. Jun 25, 2026Motion to reconsider laid on the table Agreed to without objection.
3. Jun 25, 2026On 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).
4. Jun 25, 2026Passed/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).
5. Jun 25, 2026Considered as unfinished business. (consideration: CR H4251-4252)
6. Jun 24, 2026At 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.
7. Jun 24, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 2478.
8. Jun 24, 2026Considered under suspension of the rules. (consideration: CR H4222-4226; text: CR H4222-4223)
9. Jun 24, 2026Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
10. Nov 4, 2025Placed on the Union Calendar, Calendar No. 313.
11. Nov 4, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
12. Nov 4, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.
13. Sep 16, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
14. Sep 16, 2025Committee Consideration and Mark-up Session Held
15. Mar 27, 2025Referred to the House Committee on Financial Services.
16. Mar 27, 2025Introduced in House
17. Mar 27, 2025Introduced in House