Senior Security Act of 2023

This bill creates a Senior Investor Taskforce within the Securities and Exchange Commission (SEC) to address challenges faced by investors aged 65 and older. The Taskforce will identify issues like financial exploitation and cognitive decline impacts, coordinate with agencies, and produce biennial reports analyzing trends, regulatory gaps, and best practices for senior investors. It also mandates a GAO study within two years to assess the economic costs and frequency of financial exploitation targeting seniors, including factors like isolation and income. The bill does not create new regulations but establishes a mechanism for ongoing analysis and reporting to inform future policy.