releases: https://sinema.house.gov/latest-news/house-financial-services-committee-passes-sinema-legislation-to-protect-arizona-seniors-from-financial-fraud1/
Data license: MIT · Data source: dwillis/congress-press
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| https://sinema.house.gov/latest-news/house-financial-services-committee-passes-sinema-legislation-to-protect-arizona-seniors-from-financial-fraud1/ | House Financial Services Committee Passes Sinema Legislation to Protect Arizona Seniors from Financial Fraud | 2016-06-16 | 2016 | 2016-06 | Democrat | House | AZ | Kyrsten Sinema | S001191 | sinema.house.gov | legacy | Washington, D.C. – Today, the House Financial Services Committee passed Congresswoman Kyrsten Sinema’s bipartisan legislation, the Senior$afe Act, to help law enforcement track down financial criminals who target seniors. “Seniors deserve to retire with dignity, and they shouldn’t have to worry that their hard earned savings are at risk of fraud,” said Congresswoman Sinema. “Our commonsense legislation ensures that financial institutions can identify fraud, report it, and stop financial abuse of the elderly. We’ll keep working to protect seniors and strengthen consumer protections for hardworking Arizonans.” Recent studies estimate nearly 1 in 5 American seniors may be a target of financial fraud or abuse. Even when financial institutions suspect abuse, the abuse may go unpunished. Current laws lack the necessary flexibility to allow financial institutions to report suspected abuse to authorities. The Senior$afe Act, introduced with Congressman Bruce Poliquin (ME-02), Congressman Patrick E. Murphy (FL-18), and Congressman Mick Mulvaney (SC-05), will help individuals and financial institutions communicate with the appropriate agencies when they suspect financial abuse of seniors. It also encourages firms to train employees to identify and stop financial fraud. ### | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |