Senior Safe Act of 2016
Latest action · Jul 6, 2016 Received in the Senate.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 11, 2016
- Passed HouseJul 5, 2016
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Senior Safe Act of 2016
This bill provides immunity from liability of: (1) a supervisor, compliance officer (including a Bank Secrecy Act Officer), or registered representative for a covered financial institution who has received training in the identification and reporting of suspected exploitation of a senior citizen (at least 65 years old) and the protection of customer privacy that is appropriate to job responsibilities for disclosing such exploitation to a covered agency if the individual made the disclosure with reasonable care, including reasonable efforts to avoid disclosure other than to a covered agency; and (2) the financial institution for such a disclosure if the individual was employed by or, in the case of a registered representative, affiliated or associated with, the institution at the time of the disclosure and the institution had provided such training.
A "covered financial institution" is a credit union, depository institution, investment advisor, broker-dealer, insurance company, or state attorney general. A "covered agency" is a state financial regulatory agency, each of the federal financial institutions regulatory agencies, the Securities and Exchange Commission, a law enforcement agency, a state or local agency responsible for administering adult protective service laws, or a state attorney general.
A covered financial institution may provide such training to each of its supervisors, compliance officers (including a Bank Secrecy Act Officer), or registered representatives who: (1) may come into contact with a senior citizen as a regular part of duties; or (2) may review or approve the financial documents, records, or transactions of a senior citizen in connection with providing financial services.
Cosponsors 15
Members who signed on, in the order they did. Signatures ran from Feb 11, 2016 to Jul 5, 2016; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ME | Bruce Poliquin | Original | Feb 11, 2016 |
| R-SC | Mick Mulvaney | Original | Feb 11, 2016 |
| D-FL | Patrick Murphy | Original | Feb 11, 2016 |
| R-AZ | Martha McSally | Mar 22, 2016 | |
| R-NY | Peter T. King | Mar 22, 2016 | |
| D-ME | Chellie Pingree | Mar 23, 2016 | |
| D-VA | Donald S. Beyer, Jr. | Apr 13, 2016 | |
| R-IL | Randy Hultgren | Apr 13, 2016 | |
| R-NM | Stevan Pearce | Jun 7, 2016 | |
| R-FL | Carlos Curbelo | Jun 10, 2016 | |
| R-MO | Ann Wagner | Jun 14, 2016 | |
| R-FL | Bill Posey | Jun 15, 2016 | |
| R-IA | David Young | Jun 28, 2016 | |
| R-OH | James B. Renacci | Jun 28, 2016 | |
| D-FL | Debbie Wasserman Schultz | Jul 5, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 11, 2016Markup Jun 16, 2016Reported Jul 5, 2016 |
Actions 13
Everything that happened, newest first.
- Jul 6, 2016Received in the Senate.
- Jul 5, 2016Reported (Amended) by the Committee on Financial Services. H. Rept. 114-659.
- Jul 5, 2016Placed on the Union Calendar, Calendar No. 510.
- Jul 5, 2016Mr. Garrett moved to suspend the rules and pass the bill, as amended.
- Jul 5, 2016Considered under suspension of the rules. (consideration: CR H4248-4251)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H4248–H4251Text printed H4249 | Bruce Poliquin R-ME, Kyrsten Sinema I-AZ, Maxine Waters D-CA, Scott Garrett R-NJ | Jul 5, 2016 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jul 1, 2016H.R. 4538, Senior$afe Act of 2016As ordered reported by the House Committee on Financial Services on June 16, 2016
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 162, no. 25, February 11, 2016, page H775.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2216 | Senior$afe Act of 2015 | Related bill | Oct 28, 2015 |
| HR 5983 | Financial CHOICE Act of 2016 | Related bill | Dec 20, 2016 |
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens, and for other purposes.
- Short Titles as Introduced
- Senior$afe Act of 2016
- Short Titles as Reported to House
- Senior$afe Act of 2016
- Short Titles as Passed House
- Senior Safe Act of 2016
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jul 6, 2016Received in Senate
- Jul 5, 2016Reported in House
- Jul 5, 2016Engrossed in House
- Feb 11, 2016Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
