,,ii #aad? ,,congress #b;d ,session ,h4 ,r4 #dech ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #f1 #bjaf,receiv$ ,,an ,,act ,to provide immunity f suit = c]ta9 individuals :o disclose pot5tial examples ( f9ancial exploitation ( s5ior citiz5s1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,s5ior ,safe ,act ( #bjaf4 #b4 ,immunity 7a7 ,def9itions ,9 ?is ,act-- 7#a7 ! t]m ,bank ,secrecy ,act ,(fic] means an individual responsible = ensur+ compliance ) ! requirem5ts m&at$ by sub*apt] ,,ii ( *apt] #ec ( title #ca1 ,unit$ ,/ates ,code2 7#b7 ! t]m brok]-deal] means a brok] or deal]1 z ^? t]ms are def9$1 respectively1 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a772 7#c7 ! t]m cov]$ ag5cy means-- 7,a7 a ,/ate f9ancial regulatory ag5cy1 includ+ a ,/ate securities or law en=cem5t au?ority & a ,/ate insurance regulator2 7,b7 ea* ( ! ,f$]al f9ancial in/itutions regulatory ag5cies2 7,c7 ! ,securities & ,ex*ange ,commission2 7,d7 a law en=cem5t ag5cy2 7,e7 & ,/ate or local ag5cy responsible = adm9i/]+ adult protective s]vice laws2 & 7,f7 a ,/ate attorney g5]al4 7#d7 ! t]m cov]$ f9ancial in/itution means-- 7,a7 a cr$it union2 7,b7 a depository in/itution2 7,c7 an inve/m5t advisor2 7,d7 a brok]-deal]2 7,e7 an insurance company2 & 7,f7 a ,/ate attorney g5]al4 7#e7 ! t]m cr$it union means a ,f$]al cr$it union1 ,/ate cr$it union1 or ,/ate-*>t]$ cr$it union1 z ^? t]ms are def9$ 9 section #aja ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageb72 7#f7 ! t]m depository in/itution has ! mean+ giv5 ! t]m 9 section #c7;c7 ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac7;c772 7#g7 ! t]m exploitation means ! fraudul5t or o!rwise illegal1 unau?oriz$1 or improp] act or process ( an individual1 includ+ a c>egiv] or fiduci>y1 t-- 7,a7 uses ! res\rces ( a s5ior citiz5 = monet>y p]sonal b5efit1 pr(it1 or ga92 or 7,b7 results 9 depriv+ a s5ior citiz5 ( rightful access to or use ( b5efits1 res\rces1 belong+s or assets2 7#h7 ! t]m ,f$]al f9ancial in/itutions regulatory ag5cies has ! mean+ giv5 ! t]m 9 section #ajjc ( ! ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4 #ccjb72 7#i7 ! t]m inve/m5t advis] has ! mean+ giv5 ! t]m 9 section #bjb ( ! ,inve/m5t ,advis]s ,act ( #aidj 7#ae ,u4,s4,c4 #hj;b-#b72 7#aj7 ! t]m insurance company has ! mean+ giv5 ! t]m 9 section #b7;a7 ( ! ,inve/m5t ,company ,act ( #aidj 7#ae ,u4,s4,c4 #hj;a-#b7;a772 7#aa7 ! t]m regi/]$ repres5tative means an individual :o repres5ts a brok]-deal] 9 effect+ or attempt+ to affect a pur*ase or sale ( securities2 7#ab7 ! t]m s5ior citiz5 means an individual :o is n less ?an #fe ye>s ( age2 7#ac7 ! t]m ,/ate insurance regulator has ! mean+ giv5 su* t]m 9 section #cae ( ! ,gramm-,lea*-,bliley ,act 7#ae ,u4,s4,c4 #fgce72 & 7#ad7 ! t]m ,/ate securities or law en=cem5t au?ority has ! mean+ giv5 ! t]m 9 section #bd7;f77#d7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #ghx7f77#d774 7b7 ,immunity f suit 7#a7 ,immunity = individuals ,an individual :o has receiv$ ! tra9+ describ$ 9 section #c %all n be liable1 includ+ 9 any civil or adm9i/rative proce$+1 = disclos+ ! possible exploitation ( a s5ior citiz5 to a cov]$ ag5cy if ! individual1 at ! "t ( ! disclosure-- 7,a7 s]v$ z a sup]visor1 compliance (fic] 7includ+ a ,bank ,secrecy ,act ,(fic]71 or regi/]$ repres5tative = a cov]$ f9ancial in/itution2 & 7,b7 made ! disclosure ) reasonable c>e includ+ reasonable ef=ts to avoid disclosure o!r ?an to a cov]$ ag5cy4 7#b7 ,immunity = cov]$ f9ancial in/itutions ,a cov]$ f9ancial in/itution %all n be liable1 includ+ 9 any civil or adm9i/rative proce$+1 = a disclosure made by an individual describ$ 9 p>agraph 7#a7 if-- 7,a7 ! individual 0 employ$ by1 or1 9 ! case ( a regi/]$ repres5tative1 affiliat$ or associat$ )1 ! cov]$ f9ancial in/itution at ! "t ( ! disclosure2 & 7,b7 be=e ! "t ( ! disclosure1 ! cov]$ f9ancial in/itution provid$ ! tra9+ describ$ 9 section #c to ea* individual describ$ 9 section #c7;a74 #c4 ,tra9+ requir$ 7a7 ,9 g5]al ,a cov]$ f9ancial in/itution may provide tra9+ describ$ 9 subsection 7b77#a7 to ea* (fic] or employee (1 or regi/]$ repres5tative affiliat$ or associat$ )1 ! cov]$ f9ancial in/itution :o-- 7#a7 is describ$ 9 section #b7;b77#a77;,a72 7#b7 may come into contact ) a s5ior citiz5 z a regul> "p ( ! duties ( ! (fic]1 employee1 or regi/]$ repres5tative2 or 7#c7 may review or approve ! f9ancial docum5ts1 records1 or transactions ( a s5ior citiz5 9 connection ) provid+ f9ancial s]vices to a s5ior citiz54 7b7 ,tra9+ 7#a7 ,9 g5]al ,! tra9+ describ$ 9 ?is p>agraph %all-- 7,a7 in/ruct any individual att5d+ ! tra9+ on h[ to id5tify & report ! suspect$ exploitation ( a s5ior citiz52 7,b7 discuss ! ne$ to protect ! privacy & respect ! integrity ( ea* individual cu/om] ( a cov]$ f9ancial in/itution2 & 7,c7 be appropriate to ! job responsibilities ( ! individual att5d+ ! tra9+4 7#b7 ,tim+ ,! tra9+ requir$ "u subsection 7a7 %all be provid$ z soon z reasonably practicable b n lat] ?an #a ye> aft] ! date on :i* an (fic]1 employee1 or regi/]$ repres5tative beg9s employm5t ) or becomes affiliat$ or associat$ ) ! cov]$ f9ancial in/itution4 7#c7 ,bank ,secrecy ,act ,(fic] ,an individual :o is designat$ z a compliance (fic] "u an anti-money laund]+ program e/abli%$ pursuant to section #ecah7;h7 ( title #ca1 ,unit$ ,/ates ,code1 %all be deem$ to h receiv$ ! tra9+ describ$ "u ?is subsection4 #d4 ,relation%ip to ,/ate law ,no?+ 9 ?is ,act %all be con/ru$ to preempt or limit any provision ( ,/ate law1 except only to ! ext5t t section #b provides a great] level ( protection aga9/ liability to an individual describ$ 9 section #b7;b77#a7 or to a cov]$ f9ancial in/itution describ$ 9 section #b7;b77#b7 ?an is provid$ "u ,/ate law4 ,pass$ ! ,h\se ( ,repres5tatives ,july #e1 #bjaf4,k>5 ,l4 ,haas1,cl]k4