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House bill · H.R. 2478 (119th Congress)

Financial Exploitation Prevention Act of 2025

U.S. House of Representatives

Latest action Jul 13, 2026

Sponsor: Ann Wagner (U.S. Representative, MO-2, Republican)

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From Congress.gov and official rosters. This record was last updated Aug 3, 2026. About our data

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 from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

11

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican7
  • Democratic4

This bill has cosponsors from more than one party.

Shown in neutral colors by design; Agora is non-partisan.

Recorded votes

  • Vote: On Motion to Suspend the Rules and Pass, as Amended

    U.S. HouseJun 25, 2026Result: Passed

    (414) (2) (0) (14)

Related bills

As identified by Congress.gov.

Full history

  1. Jul 13, 2026

    Sent to the executive

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    U.S. Senate

  2. Jun 25, 2026

    Considered as Unfinished business. (consideration: cr H4251-4252)

    Considered as unfinished business. (consideration: CR H4251-4252)

  3. Jun 25, 2026

    Considered as Unfinished business. (consideration: cr H4251-4252)

    Considered as unfinished business. (consideration: CR H4251-4252)

  4. Jun 25, 2026

    Considered as Unfinished business. (consideration: cr H4251-4252)

    Considered as unfinished business. (consideration: CR H4251-4252)

  5. Jun 25, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

Show full history (23 earlier events)
  1. Jun 25, 2026

    Introduced

    Motion to reconsider laid on the table Agreed to without objection.

    U.S. House

  2. Jun 25, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jun 25, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  4. Jun 25, 2026

    Passed a chamber

    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).

    U.S. House of Representatives

  5. Jun 24, 2026

    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.

    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.

  6. Jun 24, 2026

    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.

    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.

  7. Jun 24, 2026

    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.

    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.

  8. Jun 24, 2026

    Debate - the House Proceeded With Forty Minutes of Debate on H.R. 2478.

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2478.

    U.S. House of Representatives

  9. Nov 4, 2025

    Placed on the Union Calendar, Calendar No. 313.

  10. Nov 4, 2025

    Placed on the Union Calendar, Calendar No. 313.

  11. Nov 4, 2025

    Placed on the Union Calendar, Calendar No. 313.

  12. Nov 4, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.

  13. Nov 4, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.

  14. Nov 4, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-361.

  15. Sep 16, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  16. Sep 16, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  17. Sep 16, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  18. Sep 16, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

  19. Sep 16, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

  20. Sep 16, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

  21. Mar 27, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  22. Mar 27, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  23. Mar 27, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

Read the record