S. 4055: Senior Security Act of 2026

119th Congress · introduced 2026-03-11 · Finance and Financial Sector · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

What does this mean?

Official title

Senior Security Act of 2026

Plain summary

National Senior Investor Initiative Act of 2026 or the Senior Security Act of 2026 This bill establishes the Senior Investor Taskforce within the Securities and Exchange Commission. The taskforce must report on topics relating to investors over the age of 65, including industry trends and serious issues impacting such investors, and make recommendations for legislative or regulatory actions to address problems encountered by senior investors. The Government Accountability Office must report on the financial exploitation of senior citizens.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Senior Security Act of 2026

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Sen. Kim, Andy [D-NJ] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Susan M. Collins (R-ME), Kirsten E. Gillibrand (D-NY), David McCormick (R-PA)

Sponsor's campaign money: Sen. Kim, Andy [D-NJ] reported raising $1.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (3)

Ballot initiative: A proposed law or constitutional amendment that citizens place on the ballot by gathering enough voter signatures, so voters decide it directly. About half the states allow some form of it.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s4055.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>

Record fed-us-cong119-s4055 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills