Introduced
by
To allow brokers and investment advisors who suspect that financial exploitation is being committed to delay the disbursement of funds from the account of an individual age 65 or older or who may have cognitive impairments. The bill would require notice be given to any others on the account. The delay would expire in 15 days unless the broker or advisor determines the disbursement is legitimate.
Referred to the Committee on Financial Services
Reported without amendment
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-2) be adopted.
Referred to the Committee on Ways and Means
