S. 223

Referred to Committee

Senior$afe Act of 2017

Introduced 1/24/2017•115th Congress•Senate

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S449-450)

1/24/2017 • Senate

Summary

Senior$afe Act of 2017

This bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing financial institution shall not be liable with respect to disclosures made by such employees.

Introduced in Senate • 1/24/2017

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Topics & Subjects

Policy Area: Finance and Financial Sector

AgingBanking and financial institutions regulationCivil actions and liabilityEmployment discrimination and employee rightsFinancial services and investmentsFraud offenses and financial crimesInsurance industry and regulation