,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cgeh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #ac1        
#bjag,ms4 ,s9ema 7= h]self & ,mr4       
,poliqu97 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,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 ( #bjag4 
#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 ,code 7commonly kn[n 
z ! ,bank ,secrecy ,act72  7#b7 ! t]m   
brok]-deal] means a brok] & a deal]1 z  
^? t]ms are def9$ 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* ( !
 entities repres5t$ 9 ! memb]%ip ( !    
,f$]al ,f9ancial ,in/itutions           
,exam9ation ,c\ncil e/abli%$ "u section 
#ajjd ( ! ,f$]al ,f9ancial ,in/itutions 
,exam9ation ,c\ncil ,act ( #aigh 7#ab   
,u4,s4,c4 #ccjc72  7,c7 ! ,securities & 
,ex*ange ,commission2  7,d7 a securities
 association regi/]$ "u section #ae;,a (
 ! ,securities ,ex*ange ,act ( #aicd    
7#ae ,u4,s4,c4 #gho-#c72  7,e7 a law    
en=cem5t ag5cy2 &  7,f7 a ,/ate or local
 ag5cy responsible = adm9i/]+ adult     
protective s]vice laws2  7#d7 ! t]m     
cov]$ f9ancial in/itution means-- 7,a7 a
 cr$it union2  7,b7 a depository        
in/itution2  7,c7 an inve/m5t advis]2   
7,d7 a brok]-deal]2  7,e7 an insurance  
company2  7,f7 an insurance ag5cy2 &    
7,g7 a transf] ag5t2  7#e7 ! t]m cr$it  
union has ! mean+ giv5 ! t]m 9 section  
#b ( ! ,dodd-,frank ,wall ,/reet ,re=m &
 ,consum] ,protection ,act 7#ab         
,u4,s4,c4 #ecja72  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$1 or improp] act or process ( 
an individual1 includ+ a c>egiv] or a   
fiduci>y1 t--  7,a7 uses ! res\rces ( a 
s5ior citiz5 = monet>y or p]sonal       
b5efit1 pr(it1 or ga92 or  7,b7 results 
9 depriv+ a s5ior citiz5 ( rightful     
access to or use ( b5efits1 res\rces1   
belong+s1 or assets2  7#h7 ! t]m        
insurance ag5cy means any bus9ess entity
 t sells1 solicits1 or negotiates       
insurance cov]age2  7#i7 ! t]m insurance
 company has ! mean+ giv5 ! t]m 9       
section #b7;a7 ( ! ,inve/m5t ,company   
,act ( #aidj 7#ae ,u4,s4,c4             
#hj;a-#b7;a772  7#aj7 ! t]m insurance   
produc] means an individual :o is       
requir$ "u ,/ate law to be lic5s$ 9 ord]
 to sell1 solicit1 or negotiate         
insurance cov]age2  7#aa7 ! t]m inve/m5t
 advis] has ! mean+ giv5 ! t]m 9 section

 #bjb7;a7 ( ! ,inve/m5t ,advis]s ,act ( 
#aidj 7#ae ,u4,s4,c4 #hj;b-#b7;a772     
7#ab7 ! t]m inve/m5t advis]             
repres5tative means an individual :o--  
7,a7 is employ$ by or associat$ ) an    
inve/m5t advis]2 &  7,b7 does n p]=m    
solely cl]ical or m9i/]ial acts2  7#ac7 
! t]m regi/]$ repres5tative means an    
individual :o repres5ts a brok]-deal] 9 
effect+ or attempt+ to effect a pur*ase 
or sale ( securities2  7#ad7 ! t]m s5ior
 citiz5 means an individual :o is n     
y\ng] ?an #fe ye>s ( age2  7#ae7 ! t]m  
,/ate means ea* ( ! sev]al ,/ates1 !    
,di/rict ( ,columbia1 & any t]ritory or 
possession ( ! ,unit$ ,/ates2  7#af7 !  
t]m ,/ate insurance regulator has !     
mean+ giv5 ! t]m 9 section #cae ( !     
,gramm-,lea*-,bliley ,act 7#ae ,u4,s4,c4
 #fgce72  7#ag7 ! 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#d772 &  7#ah7 ! t]m  
transf] ag5t has ! mean+ giv5 ! t]m 9   

section #c7;a7 ( ! ,securities ,ex*ange 
,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a774  
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$+1 = disclos+ !     
suspect$ exploitation ( a s5ior citiz5  
to a cov]$ ag5cy if ! individual1 at !  
"t ( ! disclosure--  7,a7 s]v$ z a      
sup]visor or compliance (fic] 7includ+ z
 a ,bank ,secrecy ,act (fic]7 =1 or1 9 !
 case ( a regi/]$ repres5tative1        
inve/m5t advis] repres5tative1 or       
insurance produc]1 0 affiliat$ or       
associat$ )1 a cov]$ f9ancial           
in/itution2 &  7,b7 made ! disclosure-- 
7i7 9 good fai?2 &  7ii7 ) reasonable   
c>e4  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 insurance produc]1 or    
inve/m5t advis] repres5tative1 affiliat$
 or associat$ )1 ! cov]$ f9ancial       
in/itution at ! "t ( ! disclosure2 &    
7,b7 be=e ! "t ( ! disclosure1 ea*      
individual describ$ 9 section #c7;a7    
receiv$ ! tra9+ describ$ 9 section #c4  
7#c7 ,rule ( con/ruction ,no?+ 9        
p>agraph 7#a7 or 7#b7 %all be con/ru$ to
 limit ! liability ( an individual or a 
cov]$ f9ancial in/itution 9 a civil     
action = any act1 omission1 or fraud t  
is n a disclosure describ$ 9 p>agraph   
7#a74  #c4 ,tra9+  7a7 ,9 g5]al ,a cov]$
 f9ancial in/itution or a ?ird p>ty     
select$ by a cov]$ f9ancial in/itution  
may provide ! tra9+ describ$ 9          
subsection 7b77#a7 to ea* (fic] or      
employee (1 or regi/]$ repres5tative1   
insurance produc]1 or inve/m5t advis]   
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 ( ! pr(essional    

duties ( ! individual2 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 ,cont5t 
7#a7 ,9 g5]al ,! cont5t ( ! tra9+ t a   
cov]$ f9ancial in/itution or a ?ird p>ty
 select$ by ! cov]$ f9ancial in/itution 
may provide "u subsection 7a7 %all--    
7,a7 be ma9ta9$ by ! cov]$ f9ancial     
in/itution & made available to a cov]$  
ag5cy ) exam9ation au?ority ov] ! cov]$ 
f9ancial in/itution1 ^u reque/1 except t
 a cov]$ f9ancial in/itution %all n be  
requir$ to ma9ta9 or make available su* 
cont5t ) respect to any individual :o is
 no long] employ$ by or affiliat$ or    
associat$ ) ! cov]$ f9ancial in/itution2
  7,b7 in/ruct any individual att5d+ !  
tra9+ on h[ to id5tify & report !       
suspect$ exploitation ( a s5ior citiz5  
int]nally &1 z appropriate1 to gov]nm5t 
(ficials or law en=cem5t au?orities1    
includ+ common signs t indicate !       
f9ancial exploitation ( a s5ior citiz52 

7,c7 discuss ! ne$ to protect ! privacy 
& respect ! integrity ( ea* individual  
cu/om] ( ! cov]$ f9ancial in/itution2 & 
7,d7 be appropriate to ! job            
responsibilities ( ! individual att5d+ !
 tra9+4  7#b7 ,tim+ ,! tra9+ "u         
subsection 7a7 %all be provid$--  7,a7 z
 soon z reasonably practicable2 &  7,b7 
) respect to an individual :o beg9s     
employm5t ) or becomes affiliat$ or     
associat$ ) a cov]$ f9ancial in/itution 
aft] ! date ( enactm5t ( ?is ,act1 n    
lat] ?an #a ye> aft] ! individual       
becomes employ$ by or affiliat$ or      
associat$ ) ! cov]$ f9ancial in/itution 
9 a position describ$ 9 p>agraph 7#a71  
7#b71 or 7#c7 ( subsection 7a74  7#c7   
,records ,a cov]$ f9ancial in/itution   
%all-- 7,a7 ma9ta9 a record ( ea*       
individual :o--  7i7 is employ$ by or   
affiliat$ or associat$ ) ! cov]$        
f9ancial in/itution 9 a position        
describ$ 9 p>agraph 7#a71 7#b71 or 7#c7 
( subsection 7a72 &  7ii7 has complet$ !
 tra9+ "u subsection 7a71 reg>dless (   

:e!r ! tra9+ 0-- 7,i7 provid$ by ! cov]$
 f9ancial in/itution or a ?ird p>ty     
select$ by ! cov]$ f9ancial in/itution2 
7,,ii7 complet$ be=e ! individual 0     
employ$ by or affiliat$ or associat$ ) !
 cov]$ f9ancial in/itution2 &  7,,iii7  
complet$ be=e1 on1 or aft] ! date (     
enactm5t ( ?is ,act2 &  7,b7 ^u reque/1 
provide a record describ$ 9 subp>agraph 
7,a7 to a cov]$ ag5cy ) exam9ation      
au?ority ov] ! cov]$ f9ancial           
in/itution4  #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