US Congress House Bill 4538 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 11-4-1)
Status: Engrossed on July 6 2016 - 50% progression, died in chamber
Action: 2016-07-06 - Received in the Senate.
Text: Latest bill text (Engrossed) [PDF]

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.

Senior Safe Act of 2016

Sen. Kyrsten Sinema [I-AZ]	Rep. Bruce Poliquin [R-ME]	Rep. Mick Mulvaney [R-SC]	Rep. Patrick Murphy [D-FL]
Sen. Martha McSally [R-AZ]	Rep. Peter King [R-NY]	Rep. Chellie Pingree [D-ME]	Rep. Randy Hultgren [R-IL]
Rep. Don Beyer [D-VA]	Rep. Stevan Pearce [R-NM]	Rep. Carlos Curbelo [R-FL]	Rep. Ann Wagner [R-MO]
Rep. Bill Posey [R-FL]	Rep. David Young [R-IA]	Rep. James Renacci [R-OH]	Rep. Debbie Wasserman Schultz [D-FL]

Date	Chamber	Action
2016-07-06	Senate	Received in the Senate.
2016-07-05	House	Motion to reconsider laid on the table Agreed to without objection.
2016-07-05	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4249)
2016-07-05	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 4538.
2016-07-05	House	Considered under suspension of the rules. (consideration: CR H4248-4251)
2016-07-05	House	Mr. Garrett moved to suspend the rules and pass the bill, as amended.
2016-07-05	House	Placed on the Union Calendar, Calendar No. 510.
2016-07-05	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 114-659.
2016-06-16	House	Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0.
2016-06-16	House	Committee Consideration and Mark-up Session Held.
2016-06-15	House	Committee Consideration and Mark-up Session Held.
2016-02-11	House	Referred to the House Committee on Financial Services.
2016-02-11	House	Introduced in House

SB2216 (Related) 2015-10-28 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S7595-7596)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4538/all-info
Text	https://www.congress.gov/114/bills/hr4538/BILLS-114hr4538ih.pdf
Text	https://www.congress.gov/114/bills/hr4538/BILLS-114hr4538rh.pdf
Text	https://www.congress.gov/114/bills/hr4538/BILLS-114hr4538eh.pdf