OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Financial Exploitation Prevention Act of 2023

Floor Speech

Date: Jan. 30, 2023
Location: Washington, DC

BREAK IN TRANSCRIPT

Mrs. HOUCHIN. Mr. Speaker, I rise today in support of the Financial Exploitation Prevention Act, a bill that I am proud to be a cosponsor of.

Every day, seniors and other vulnerable adults become targets of financial fraud. While not all the cases are known or discovered, about one in five senior investors in the United States are victims of financial scams. In 2021 alone, there were over 1,500 reported cases of financial fraud against Hoosier seniors. This is unacceptable.

As a member of the House Financial Services Committee, this is exactly the type of legislation my constituents sent me here to support. That is why, today, I will be voting ``yes'' on this important bill to keep our seniors' pocketbooks safe.

Mr. Speaker, I hope all of my colleagues will join me in doing the same.

BREAK IN TRANSCRIPT


Source
arrow_upward