,,iv  #aaf? ,,congress  #a/ ,session    
,h4 ,,res4 #cbh  ,,9 ,,! ,,h\se ,,(     
,,repres5tatives  ,april #be1 #bjai,mr4 
,ca/5 ( ,ill9ois 7= himself & ,mr4 ,john
 ,w4 ,rose ( ,t5nessee7 submitt$ !      
foll[+ resolution2 :i* 0 ref]r$ to !    
,committee on ,f9ancial ,s]vices        
,,resolution  ,support+ ! protection (  
eld]s ?r\gh f9ancial lit]acy4  ,:]eas 9 
! context ( ! f9ancial exploitation ( ! 
eld]ly1 ,f$]al /atute def9es            
exploitation z ! fraudul5t or o!rwise   
illegal1 unau?oriz$1 or improp] act or  
process ( an individual1 includ+ a      
c>egiv] or fiduci>y1 t uses ! res\rces (
 an eld] = monet>y or p]sonal b5efit1   
pr(it1 or ga91 or t results 9 depriv+ an
 eld] ( rightful access to1 or use (1   
b5efits1 res\rces1 belong+s1 or assets  
7#db ,u4,s4,c4 #acig;j7#h77 7,eld]      
,f9ancial ,exploitation72 ,:]eas !      
,national ,adult ,protective ,s]vices   
,association has /at$1 ,eld] abuse is   
va/ly "u-report$2 only "o 9 #dd cases ( 
f9ancial abuse is ev] report$2 ,:]eas   

,eld] ,f9ancial ,exploitation is expect$
 to increase 9 ! upcom+ ye>s z #aj1jjj  
baby boom]s are turn+ #fe ea* day2      
,:]eas e/imates by ! ,inve/or           
,protection ,tru/ sugge/ t z _m z "o (  
five citiz5s ov] ! age ( #fe are victims
 ( ! !ft ( money1 prop]ty1 id5tity or   
belong+s2 ,:]eas accord+ to ! ,national 
,c5t] on ,ag+1 ,up to #e million old]   
,am]icans are abus$ e ye>1 & ! annual   
loss by victims ( f9ancial abuse is     
e/imat$ to be at lea/ #cf4e billion42   
,:]eas old] adults are t>get$ = ,eld]   
,f9ancial ,exploitation ?r\gh s*emes su*
 z fraud by tru/$ family1 c>egiv]s1 &   
fiduci>ies1 & ?r\gh scams by /rang]s (t5
 committ$ by int]national crim9al       
networks2 ,:]eas common s*emes by       
fraud/]s & scamm]s include1 lott]y &    
sweep/akes scams1 telem>ket+ scams1     
home-repair scams1 comput]-repair scams1
 inve/m5t scams1 int]net phi%+ scams1   
abuse ( fiduci>y au?ority1 & id5tity    
!ft2 ,:]eas ,f9ancial ,lit]acy ,mon?    
aims to highlight = all ,am]icans !     

importance ( e/abli%+ & ma9ta9+ heal?y  
f9ancial habits2 ,:]eas education ab\t  
heal?y f9ancial habits includes !       
protection ( "o's f9ances f f9ancial    
exploitation1 especially = old] adults  
:o are vuln]able to t>get$ frauds &     
scams2 ,:]eas to combat ?is s]i\s       
f9ancial conc]n & to protect ! eld]     
community1 ?is education mu/ also ext5d 
to f9ancial in/itutions1 law en=cem5t1 &
 regulatory ag5cies s !y may "w toge!r  
to und]/& & detect ^! frauds & scams2   
,:]eas ^! p>tn]%ips include n only      
,f$]al ag5cies1 b also ,/ate1 local1 &  
,tribal au?orities su* z law en=cem5t & 
adult protective s]vices ag5cies2 ,:]eas
 ! ,f9ancial ,crimes ,en=cem5t ,network 
7,fin,c,e,n7 is vital to ! pursuit ( ^! 
bad actors1 collect+ suspici\s activity 
report 7,,s>7 in=mation & %>+1 z        
necess>y1 its data1 analysis1 & guidance
 ) appropriate public- & private-sector 
p>tn]s focus$ on detect+ & end+ ,eld]   
,f9ancial ,exploitation2 ,:]eas         
,fin,c,e,n1 work+ ) ,f$]al consum] & law

 en=cem5t p>tn]s engages ) f9ancial     
in/itutions & ,/ate & local au?orities  
to educate on ! signs ( ,eld] ,f9ancial 
,exploitation2 ,:]eas ,fin,c,e,n1 !     
,consum] ,f9ancial ,protection ,bureau1 
& ! ,dep>tm5t ( ,ju/ice issu$ 9 #bjag a 
jo9t memor&um to provide in=mation on ! 
use ( ,s,a,rs 9 ! inve/igation ( ,eld]  
,f9ancial ,exploitation1 build+ on a    
#bjaa ,advisory t id5tifi$ r$ flags =   
detection2 & ,:]eas despite ! broad     
ef=ts by law en=cem5t1 regulatory       
ag5cies1 f9ancial in/itutions1 & private
 sector organizations to educate & %>e  
in=mation1 ,eld] ,f9ancial ,exploitation
 p]si/s z a multi-billion doll> indu/ry1
 m c be done3 ,n[1 !re=e1 be x  ,t !    
,h\se ( ,repres5tatives-- 7#a7 supports 
! goals ( ,f9ancial ,lit]acy ,mon? to   
raise public aw>5ess ab\t--  7,a7 !     
importance ( p]sonal f9ancial education 
9 ! ,unit$ ,/ates2 &  7,b7 ! s]i\s      
consequ5ces t may result f a lack (     
und]/&+ ab\t p]sonal f9ances2  7#b7     
ackn[l$ges t rais+ aw>5ess ( ?reats to  

p]sonal f9ances1 especially = vuln]able1
 t>get$ populations l old] adults & _!  
relatives & c>egiv]s1 is only "o p>ty ( 
f9ancial lit]acy2  7#c7 und]/&s t to    
combat ,eld] ,f9ancial ,exploitation1 x 
is also necess>y to enc\rage cont9u$    
education & collaboration among law     
en=cem5t1 f9ancial in/itutions1         
regulatory ag5cies1 & private sector    
organizations all[+ detection1          
prev5tion1 report+1 & inve/igation ( ^! 
crimes2  7#d7 supports "w be+ done by   
,fin,c,e,n & its p>tn]s to educate !    
/akehold]s :i* s]ve & protect ,am]ica's 
eld] community2  7#e7 urges cont9u$     
public-private p>tn]%ip & appropriate   
in=mation %>+ to prev5t1 detect1 report1
 & inve/igate ,eld] ,f9ancial           
,exploitation2 &  7#f7 urges action to  
assi/ ) rem$iation & report+1 z well z  
prev5tion & detection to h be/ possible 
data1 fe$back1 & incid5t response4