Medicare Hearing Aid Coverage Act of 2025

House Bill

H.R. 500

119th Congress

Medicare Hearing Aid Coverage Act of 2025

In Committee

Introduced:Nov 4, 2025

Primary Sponsor

Debbie Dingell

Representative

Democratic

MI-6

Cosponsors

13

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Financial Exploitation Prevention Act of 2023 allows investment companies to temporarily delay the withdrawal of funds from someone's account if they suspect the person is being taken advantage of financially, especially older adults or those who cannot protect their own interests. The goal is to prevent financial exploitation and give authorities time to investigate.

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

The Financial Exploitation Prevention Act of 2023 allows investment companies to temporarily delay the withdrawal of funds from someone's account if they suspect the person is being taken advantage of financially, especially older adults or those who cannot protect their own interests. The goal is to prevent financial exploitation and give authorities time to investigate.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Financial Exploitation Prevention Act of 2023 This bill addresses the redemption of securities involving the potential financial exploitation of an adult by allowing an open-end investment company to elect to comply with certain procedures. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.) Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company reasonably believes the redemption involves the financial exploitation of an individual age 65 or older or an individual age 18 or older who is unable to protect his or her own interests. The company may initially delay the redemption for up to 15 days and, upon making a determination of exploitation, may delay the redemption an additional 10 days. In the event of delay, the company must hold the amounts related to the redemption in a demand deposit account. Additionally, the Securities and Exchange Commission must make legislative and regulatory recommendations to address the financial exploitation of these adults.

Key Points

Main provisions of the bill

Allows investment companies to delay the withdrawal of funds for up to 25 days if they believe the person is being financially exploited
Applies to adults aged 65 and older, as well as those 18 and older who cannot protect their own interests
Requires the Securities and Exchange Commission to recommend ways to further address financial exploitation of these vulnerable adults

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily impact older adults and those with diminished capacity, protecting them from having their savings taken advantage of. It could also help investment companies identify and report suspected cases of financial exploitation. Overall, the goal is to safeguard vulnerable populations from fraud and abuse.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Administrative law and regulatory procedures

Congressional oversight

Crime victims

Fraud offenses and financial crimes

Government information and archives

Government studies and investigations

Securities

Securities and Exchange Commission (SEC)

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

500, 119th Congress (2025). "Medicare Hearing Aid Coverage Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-500