,,ii  #aah? ,,congress  #b;d ,session   
,s4 #dcga  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ba1 #bjbd,mr4    
,van ,holl5 7= himself & ,mr4 ,w>nock7  
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,inve/or ,protection 
& ,securities ,re=m ,act ( #bjaj to     
provide grants to ,/ates = enhanc$      
protection ( s5ior inve/ors & s5ior     
policyhold]s1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,emp[]+ ,/ates to ,protect ,s5iors f    
,bad ,actors ,act4  #b4 ,f9d+s ,congress
 f9ds ! foll[+3 7#a7 ,data f ! ,f$]al   
,trade ,commission %[s t consum]s       
report$ los+-- 7,a7 m ?an               
#aj1jjj1jjj1jjj to fraud 9 #bjbc1 m>k+--
 7i7 ! fir/ "t t fraud losses h exce$$ t
 am\nt2 &  7ii7 a #ad p]c5t increase ov]
 ^? report$ losses 9 #bjbb2 &  7,b7 m   
money to inve/m5t scams 7specifically1 m
 ?an #d1fjj1jjj1jjj7 ?an any o!r        
category 9 #bjbc1 :i* repres5ts a #ba   

p]c5t increase ov] ^? report$ losses 9  
#bjbb4  7#b7 ,data f ,,a>p1 publi%$ 9   
#bjbc1 %[s t #i out ( #aj adults 9 !    
,unit$ ,/ates enc\nt]$ a fraud attempt 9
 ! pa/ ye>4  7#c7 ,9 #bjba1 ,,a>p f\nd t
 s]vicememb]s are ne>ly #dj p]c5t m     
likely to lose money to scams & fraud   
?an civilians4  7#d7 ,= decades1 ,/ate  
securities & insurance regulators h be5 
lead]s 9 ! ef=t to protect old] &       
sometimes vuln]able adults1 includ+     
vet]ans1 f f9ancial exploitation4  #c4  
,grants to eligible entities = enhanc$  
protection ( s5ior inve/ors & s5ior     
policyhold]s  7a7 ,9 g5]al ,section     
#ihi;,a ( ! ,inve/or ,protection &      
,securities ,re=m ,act ( #bjaj 7#ab     
,u4,s4,c4 #eecg7 is am5d$ to read z     
foll[s3  #ihi;,a4 ,grants to eligible   
entities = enhanc$ protection ( s5ior   
inve/ors & s5ior policyhold]s  7a7      
,def9itions ,9 ?is section3 7#a7        
,eligible entity ,! t]m eligible entity 
means-- 7,a7 ! securities commission 7or
 any ag5cy or (fice p]=m+ l functions7 (

 any ,/ate2 &  7,b7 ! insurance dep>tm5t
 7or any ag5cy or (fice p]=m+ l         
functions7 ( any ,/ate4  7#b7 ,s5ior ,! 
t]m s5ior means any individual :o has   
atta9$ ! age ( #fb ye>s or old]4  7#c7  
,s5ior f9ancial fraud ,! t]m s5ior      
f9ancial fraud means a fraudul5t or     
o!rwise illegal1 unau?oriz$1 or improp] 
act or process ( an individual1 includ+ 
a c>egiv] or a fiduci>y1 t-- 7,a7 uses !
 res\rces ( a s5ior = monet>y or p]sonal
 b5efit1 pr(it1 or ga92  7,b7 results 9 
depriv+ a s5ior ( rightful access to or 
use ( b5efits1 res\rces1 belong+s1 or   
assets2 or  7,c7 is an action describ$ 9
 section #acdh ( title #ah1 ,unit$      
,/ates ,code1 t is tak5 aga9/ a s5ior4  
7b7 ,grant program  7#a7 ,9 g5]al ,!    
,commission %all c>ry out a program "u  
:i* ! ,commission %all make grants1 on a
 competitive basis1 to eligible         
entities1 :i*-- 7,a7 may use ! grant    
funds-- 7i7 to hire /aff to id5tify1    
inve/igate1 & prosecute 7?r\gh civil1   
adm9i/rative1 or crim9al en=cem5t       

actions7 cases involv+ s5ior f9ancial   
fraud2  7ii7 to fund te*nology1         
equipm5t1 & tra9+ = regulators1         
prosecutors1 & law en=cem5t (fic]s1 9   
ord] to id5tify1 inve/igate1 & prosecute
 cases involv+ s5ior f9ancial fraud2    
7iii7 to provide educational mat]ials & 
tra9+ to s5iors to increase aw>5ess &   
und]/&+ ( s5ior f9ancial fraud2  7iv7 to
 develop compreh5sive plans to combat   
s5ior f9ancial fraud2 &  7v7 to enhance 
provisions ( ,/ate law to provide       
protection f s5ior f9ancial fraud2 &    
7,b7 may n use ! grant funds = any      
indirect exp5se1 su* z r5t1 utilities1  
or any o!r g5]al adm9i/rative co/ t is n
 directly relat$ to ! purpose ( ! grant 
program4  7#b7 ,au?ority ( ,commission  
7,a7 ,public in=mation ,9 c>ry+ out     
p>agraph 7#a71 ! ,commission %all make  
public relevant actions ( ! ,commission 
relat+ to c>ry+ out t p>agraph4  7,b7   
,s5se ( ,congress ,x is ! s5se (        
,congress t1 9 c>ry+ out p>agraph 7#a71 
! ,commission %\ld use ! au?ority ( !   

,commission "u section #d;,a ( !        
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;d-#a7 to delegate !       
functions ( ! ,commission "u p>agraph   
7#a7 to an employee or employee bo>d t  
has exp]i5ce work+ ) or = ,/ate         
regulators on issues relat+ to !        
protection ( s5ior inve/ors1 includ+ su*
 inve/ors :o are vuln]able4  7c7        
,applications ,an eligible entity desir+
 a grant "u ?is section %all submit an  
application to ! ,commission1 9 su* =m &
 9 su* a mann] z ! ,commission may      
det]m9e1 t includes-- 7#a7 a proposal = 
activities to protect s5iors f s5ior    
f9ancial fraud t are propos$ to be fund$
 us+ a grant "u ?is section1 includ+--  
7,a7 an id5tification ( ! scope ( !     
problem ( s5ior f9ancial fraud 9 !      
applicable ,/ate2  7,b7 a description ( 
h[ ! propos$ activities w\ld-- 7i7      
protect s5iors f s5ior f9ancial fraud1  
includ+ by proactively id5tify+ victims 
( s5ior f9ancial fraud2  7ii7 assi/ 9 ! 
inve/igation & prosecution ( ^? committ+

 s5ior f9ancial fraud2 &  7iii7         
disc\rage & r$uce cases ( s5ior f9ancial
 fraud2 &  7,c7 a description ( h[ !    
propos$ activities w\ld be coord9at$ )  
o!r ,/ate ef=ts2 &  7#b7 any o!r        
in=mation t ! ,commission det]m9es      
appropriate4  7d7 ,p]=mance objectives2 
report+ requirem5ts2 audits  7#a7 ,9    
g5]al ,! ,commission-- 7,a7 may e/abli% 
su* p]=mance objectives & report+       
requirem5ts = eligible entities receiv+ 
a grant "u ?is section z ! ,commission  
det]m9es are necess>y to c>ry out &     
assess ! effectiv5ess ( ! program "u ?is
 section2 &  7,b7 %all require ea*      
eligible entity t receives a grant "u   
?is section to submit to ! ,commission a
 detail$ acc\nt+ ( ! use ( grant funds1 
:i* %all be submitt$ at su* "t1 9 su*   
=m1 & conta9+ su* in=mation z !         
,commission may require4  7#b7 ,report  
,n lat] ?an #b ye>s1 & aga9 n lat] ?an  
#e ye>s1 aft] ! date ( enactm5t ( !     
,emp[]+ ,/ates to ,protect ,s5iors f    
,bad ,actors ,act1 ! ,commission %all   

submit to ! ,committee on ,bank+1 ,h\s+1
 & ,urban ,affairs ( ! ,s5ate & !       
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives a report t--    
7,a7 specifies ea* recipi5t ( a grant "u
 ?is section2  7,b7 includes a          
description ( ! programs t are support$ 
by ea* su* grant2 &  7,c7 includes an   
evaluation by ! ,commission ( !         
effectiv5ess ( su* grants4  7#c7 ,audits
 ,! ,commission %all annually conduct an
 audit ( ! program "u ?is section to    
ensure t eligible entities to :i* grants
 are made "u t program are1 = ! ye>     
cov]$ by ! audit1 us+ grant funds = !   
int5d$ purposes ( ^? funds4  7e7 ,am\nt 
( grants ,! am\nt ( a grant to an       
eligible entity "u ?is section may n    
exce$ #ejj1jjj ea* ye>1 unless !        
eligible entity s]ves z bo? ! securities
 commission 7or any ag5cy or (fice p]=m+
 l functions71 or ! insurance dep>tm5t  
7or any ag5cy or (fice p]=m+ l          
functions71 ( a ,/ate1 9 :i* case !     
maximum am\nt ( ! grant may n exce$     

#a1jjj1jjj ea* ye>4  7f7 ,subgrants ,an 
eligible entity t receives a grant "u   
?is section may1 9 consultation ) !     
,commission1 make a subgrant1 z !       
eligible entity det]m9es is necess>y or 
appropriate-- 7#a7 to c>ry out !        
activities describ$ 9 subsection        
7b77#a77;,a72 &  7#b7 :i* may n be us$ =
 any activity describ$ 9 subsection     
7b77#a77;,b74  7g7 ,au?orization (      
appropriations ,!re are au?oriz$ to be  
appropriat$ to c>ry out ?is section     
#aj1jjj1jjj = ea* ( fiscal ye>s #bjbe   
?r\gh #bjcj4  4  7b7 ,con=m+ am5dm5t ,! 
table ( cont5ts 9 section #a7;b7 ( !    
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act 7,public ,law 
#aaa-bjc7 is am5d$ by /rik+ ! item      
relat+ to section #ihi;,a & ins]t+ !    
foll[+3  ,sec4 #ihi;,a4 ,grants to      
eligible entities = enhanc$ protection (
 s5ior inve/ors & s5ior policyhold]s4  4