S. 4371, titled the “Empowering States to Protect Seniors from Bad Actors Act,” aims to modify the Investor Protection and Securities Reform Act of 2010. The bill proposes providing grants to state securities commissions and insurance departments to enhance the protection of...
Simple Explanation
The bill is like a safety net for grandmas and grandpas to protect them from money tricksters by giving extra money to states so they can hire people and use technology to stop these sneaky people. It's like giving states superhero money to keep seniors' money safe, but they need to make sure it's spent the right way.