Senior Security Act of 2026

The Senior Security Act of 2026 aims to protect older Americans from financial predators by establishing a dedicated Senior Investor Taskforce within the Securities and Exchange Commission (SEC). This task force would be responsible for identifying the unique challenges faced by investors aged 65 and older, including issues related to cognitive decline and targeted financial exploitation. It would also be tasked with recommending new regulations or legislative changes to better safeguard the retirement savings of seniors.

If enacted, the bill would require the task force to coordinate with state and federal regulators to close gaps in current consumer protections. Every two years, the group would submit a report to Congress detailing investment trends, common scams, and the effectiveness of existing enforcement actions. Additionally, the bill proposes a comprehensive study by the Government Accountability Office (GAO) to analyze the economic impact of senior financial exploitation and identify why many of these crimes go unreported.