,i #aai? ,,congress #b;d ,session ,h4 ,r4 #ajcej ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #aj1 #bjbf,mr4 ,:itesides 7= himself1 ,ms4 ,salaz>1 & ,mr4 ,davis ( ,nor? ,c>ol9a7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to protect eld]s f wire fraud by impos+ requirem5ts on cov]$ f9ancial in/itutions1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,eld]s f ,wire ,fraud ,act4 #b4 ,duties ( cov]$ f9ancial in/itutions 7a7 ,9 g5]al ,section #cjc ( ! ,economic ,gr[?1 ,regulatory ,relief1 & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #cdbc7 is am5d$-- 7#a7 9 subsection 7a77#a7-- 7,a7 9 subp>agraph 7,q71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,r71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7,s7 ! t]m cov]$ individual means a p]son :o is immune f suit "u p>agraph 7#b74 4 7#b7 9 subsection 7b7-- 7,a7 9 p>agraph 7#a71 by /rik+ a cov]$ f9ancial in/itution may & ins]t+ a cov]$ f9ancial in/itution %all2 & 7,b7 9 p>agraph 7#b77;,a71 by /rik+ ! cov]$ f9ancial in/itution may & ins]t+ ! cov]$ f9ancial in/itution %all2 7#c7 by r$esignat+ subsection 7c7 z subsection 7f72 & 7#d7 by ins]t+ aft] subsection 7b7 ! foll[+3 7c7 ,duties ( cov]$ f9ancial in/itutions 7#a7 ,9 g5]al ,if a cov]$ individual suspects exploitation ( a s5ior citiz51 su* cov]$ individual %all report su* suspect$ exploitation to a cov]$ ag5cy n lat] ?an #e days aft] su* individual initially suspects su* exploitation4 7#b7 ,report cont5ts ,:5 a cov]$ individual reports suspect$ exploitation "u p>agraph 7#b71 su* cov]$ individual %all include ! foll[+ in=mation3 7,a7 ,! "n1 age1 & address ( ! s5ior citiz5 to :i* ! suspect$ exploitation relates2 7,b7 ,! "n & address1 if kn[n1 ( any gu>dian or next ( k9 ( su* s5ior citiz52 7,c7 ,! "n & address ( ! cov]$ f9ancial in/itution1 regi/]$ repres5tative1 inve/m5t advis] repres5tative1 or insurance produc] t employs ! individual2 7,d7 ,contact in=mation = ! cov]$ individual2 7,e7 ,! nature ( ! suspect$ f9ancial exploitation2 & 7,f7 ,any specific comm5ts1 obs]vations1 or o!r in=mation t directly relate to ! suspect$ f9ancial exploitation t ! individuals believes w assi/ ! cov]$ ag5cy 9 inve/igat+ ! suspect$ exploitation4 7#c7 ,hold on transaction 7,a7 ,9 g5]al ,if a cov]$ individual suspects exploitation ( a s5ior citiz51 ! cov]$ f9ancial in/itution = :i* su* cov]$ p]son works %all place a hold on a propos$ transaction = n m ?an #cj bus9ess days to det]m9e ! legitimacy ( ! propos$ transaction4 7,b7 ,report requir$ ,if a cov]$ f9ancial in/itution places a hold a propos$ transaction "u subp>agraph 7,a71 ! cov]$ p]son :o suspect$ exploitation %all report su* suspect$ exploitation to a cov]$ ag5cy1 z requir$ "u p>agraph 7#b71 n lat] ?an #a bus9ess day aft] ! cov]$ f9ancial in/itution places a hold on su* propos$ transaction4 7,c7 ,tru/$ contact ,if a cov]$ f9ancial in/itution places a hold on a propos$ transaction "u subp>agraph 7,a71 su* cov]$ f9ancial in/itution %all1 n lat] ?an #a day aft] plac+ su* hold1 notify a tru/$ contact id5tifi$ by ! own] ( ! acc\nt or a ?ird p>ty su* cov]$ f9ancial in/itution has det]m9$ is reasonably associat$ ) ! hold] ( ! acc\nt1 if available & appropriate & n suspect$ ( ! fraud1 z det]m9$ by su* cov]$ f9ancial in/itution ! foll[+ in=mation3 7i7 ,an id5tification ( ! acc\nt & transaction to :i* ! hold relates4 7ii7 ,! reason ! cov]$ f9ancial in/itution plac$ a hold on ! propos$ transaction4 7iii7 ,contact in=mation = ! cov]$ f9ancial in/itution4 7,d7 ,exception ,a cov]$ f9ancial in/itution may ext5d ! hold plac$ on a transaction "u subp>agraph 7,a7 = #b subsequ5t #cj-;day p]iods aft] ! end ( ! p]iod describ$ 9 subp>agraph 7,a7 if ! legitimacy ( ! transaction has n be5 det]m9$ by su* cov]$ f9ancial in/itution4 7#d7 ,access to records ,a cov]$ f9ancial in/itution t receives a reque/ = records relat+ to suspect$ exploitation f a cov]$ ag5cy %all provide su* records to su* cov]$ ag5cy n lat] ?an #b bus9ess days aft] ! date on :i* su* reque/ 0 receiv$4 7d7 ,p]mitt$ %>+ ( in=mation ) reasonably associat$ p]sons 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law a cov]$ individual may provide in=mation to a p]son t su* cov]$ individual det]m9es is reasonably associat$ ) a s5ior citiz5 ) respect to :om ! cov]$ individual suspects exploitation unless ! cov]$ individual has reason to believe t ! p]son reasonably associat$ ) ! s5ior citiz5 is kn[+ly engag$ 9 or facilitat+ ! suspect$ exploitation4 7#b7 ,p]mitt$ disclosure ,unless ! p]son det]m9$ to be reasonably associat$ ) a s5ior citiz5 "u p>agraph 7#a7 is an au?oriz$ ag5t or fiduci>y ( ! s5ior citiz51 ! cov]$ p]son may only %>e ! foll[+ in=mation ) ! p]son t !re is reasonable cause to suspect t ! s5ior citiz5 may be a victim or t>get ( exploitation & ! nature ( su* suspect$ exploitation4 7e7 ,safe h>bor ,a cov]$ f9ancial in/itution %all n be liable to any p]son-- 7#a7 = refus+ or delay+ a disbursem5t or transaction 9 good fai? & 9 compliance ) ?is section2 or 7#b7 = disclos+ in=mation to a tru/$ contact1 adult protective s]vices1 or an appropriate law en=cem5t au?ority 9 compliance ) ?is section4 7f7 ,non-,preemption ,subsections 7c71 7d71 & 7e7 d n annul1 alt]1 or affect1 or exempt any p]son subject to ! provisions ( su* subsection f comply+ ) ! laws ( any ,/ate ) respect to consum] protection1 except to ! ext5t t ^? laws are inconsi/5t ) any provision ( ?is sub*apt]1 & !n only to ! ext5t ( ! inconsi/5cy4 ,= purposes ( ?is section1 a ,/ate law is n inconsi/5t ) ?is sub*apt] if ! protection su* law af=ds any consum] is great] ?an ! protection provid$ by ?is sub*apt]4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all take effect #ahj days aft] ! date ( ! enactm5t ( ?is section4