Financial Exploitation Prevention Act of 2025

Key Provisions

• Lets investment companies temporarily delay payments for certain investors if they suspect financial exploitation.
• Requires participating companies to ask customers for a trusted adult contact for their investment accounts.
• Makes companies tell customers that their designated contact might be reached if financial exploitation is suspected.
• Allows initial payment delays of up to 15 business days. This can be extended by 10 more business days if exploitation is still suspected and an internal review begins.
• Defines a "specified adult" as someone age 65 or older. It also includes an adult age 18 or older with a mental or physical impairment that prevents them from protecting their own interests.