H.R. 8478 aims to amend the Investor Protection and Securities Reform Act of 2010 to support states in protecting senior citizens from financial fraud and exploitation. The bill proposes providing grants to state securities and insurance offices, which can use these funds to...
Simple Explanation
H.R. 8478 is like helping states buy better tools and teach people how to protect grandma and grandpa from being tricked out of their money. It gives states money to hire people and buy stuff to stop bad guys, but they can't spend it on things like rent or electricity.