Senior$afe Act of 2016
This bill provides that: (1) a supervisor, compliance officer, or legal advisor for a covered financial institution who has received training regarding the identification and reporting of the suspected exploitation of a senior citizen (at least 65 years old) shall not be liable for disclosing such exploitation to a covered agency if such individual made the disclosure in good faith and with reasonable care; and (2) a covered financial institution shall not be liable for such a disclosure by such an individual if such individual was employed by the institution at the time of the disclosure and the institution had provided such training.
A "covered financial institution" means a bank, a credit union, an investment adviser, or a broker-dealer. A "covered agency" means each of the federal financial institutions regulatory agencies or a state financial regulatory agency, law enforcement agency, or adult protective services agency.
A covered financial institution may provide such training to each of its supervisors, compliance officers, or legal advisors who: (1) may come into contact with a senior citizen as a regular part of such employee's duties; or (2) may review or approve the financial documents, records, or transactions of a senior citizen in connection with providing him or her financial services.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-07-06 | IntroReferral | Received in the Senate. | Senate |
| 2016-07-05 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2016-07-05 | Floor | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4249) | House floor actions |
| 2016-07-05 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 4538. | House floor actions |
| 2016-07-05 | Floor | Considered under suspension of the rules. (consideration: CR H4248-4251) | House floor actions |
| 2016-07-05 | Floor | Mr. Garrett moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2016-07-05 | Calendars | Placed on the Union Calendar, Calendar No. 510. | House floor actions |
| 2016-07-05 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 114-659. | House floor actions |
| 2016-06-16 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 0. | House committee actions |
| 2016-06-16 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2016-06-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2016-02-11 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2016-02-11 | IntroReferral | Introduced in House | Library of Congress |