Empowering States to Protect Seniors from Bad Actors Act
The source supplies the latest action, but no lifecycle stage.
Latest action (17 Aug 2026): Referred to the House Committee on Financial Services.
What this bill does
H.R. 10112, the Empowering States to Protect Seniors from Bad Actors Act, would amend the Investor Protection and Securities Reform Act of 2010 to authorize the Securities and Exchange Commission to make competitive grants to state securities regulators and state insurance departments. Grant funds could be used to hire investigative and enforcement staff, provide technology and training, develop educational materials for seniors, create anti-fraud plans, and strengthen state laws addressing "senior financial fraud," a term the bill defines broadly to cover exploitation of individuals age 62 and older. Funds could not be used for indirect costs like rent or utilities. Grants would be capped at $500,000 per year, or $1,000,000 for entities that serve as both a state's securities and insurance regulator, and the bill authorizes $10,000,000 annually for fiscal years 2025 through 2030.
The bill primarily affects state regulatory agencies, which would become eligible grant recipients, and indirectly affects senior investors and policyholders, who are the intended beneficiaries of enhanced fraud detection, enforcement, and education efforts. The SEC would administer the program, set application and reporting requirements, conduct annual audits, and report to Congress on grant recipients and program effectiveness two and five years after enactment.
The bill was introduced in the House on August 17, 2026, by Rep. Josh Gottheimer, with Rep. Nunn of Iowa as a cosponsor, and referred to the House Committee on Financial Services. It has not yet been voted on; further committee action or a floor vote would be required before it could advance.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
17 Aug 2026
Referred to the House Committee on Financial Services.
Common questions
- What does H.R. 10112 do?
- H.R. 10112, the Empowering States to Protect Seniors from Bad Actors Act, would amend the Investor Protection and Securities Reform Act of 2010 to authorize the Securities and Exchange Commission to make competitive grants to state securities regulators and state insurance departments. Grant funds could be used to hire investigative and enforcement staff, provide technology and training, develop educational materials for seniors, create anti-fraud plans, and strengthen state laws addressing "senior financial fraud," a term the bill defines broadly to cover exploitation of individuals age 62 and older. Funds could not be used for indirect costs like rent or utilities. Grants would be capped at $500,000 per year, or $1,000,000 for entities that serve as both a state's securities and insurance regulator, and the bill authorizes $10,000,000 annually for fiscal years 2025 through 2030. The bill primarily affects state regulatory agencies, which would become eligible grant recipients, and indirectly affects senior investors and policyholders, who are the intended beneficiaries of enhanced fraud detection, enforcement, and education efforts. The SEC would administer the program, set application and reporting requirements, conduct annual audits, and report to Congress on grant recipients and program effectiveness two and five years after enactment. The bill was introduced in the House on August 17, 2026, by Rep. Josh Gottheimer, with Rep. Nunn of Iowa as a cosponsor, and referred to the House Committee on Financial Services. It has not yet been voted on; further committee action or a floor vote would be required before it could advance.
- Has H.R. 10112 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10112. Check the latest action and official source below.
- Who sponsored H.R. 10112?
- H.R. 10112 was sponsored by Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), with 2 cosponsors.
- What's the latest action on H.R. 10112?
- Referred to the House Committee on Financial Services. (17 Aug 2026).
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