US HB1469

Establishes a Senior Investor Taskforce within the SEC to identify challenges facing investors over age 65, including financial exploitation and cognitive decline issues

Taskforce Director appointed by SEC Chairman must have experience advocating for senior investors; staff drawn from Division of Enforcement, Office of Compliance Inspections and Examinations, and Office of Investor Education and Advocacy

Requires biennial reports to Congress covering trends affecting senior investors, regulatory initiatives, enforcement actions, serious issues encountered, and recommendations for regulatory or legislative changes

Taskforce will terminate after 10 years and must operate using existing SEC funds with no additional compensation for members

Mandates a GAO study within 2 years examining economic costs of senior financial exploitation, frequency and risk factors, and gaps in federal/state agency responses to elder financial abuse