H.R. 2478, known as the "Financial Exploitation Prevention Act of 2025," amends the Investment Company Act of 1940 to allow investment companies and their agents to delay the payment or satisfaction of redeemable securities if they suspect financial exploitation of older adults or adults with...
Simple Explanation
This bill is like a rule that lets companies pause giving back money to older people if they think someone is tricking them out of their money. It also tells these companies to make rules to stop such tricks and keep reports about them.