Senior Security Act of 2026

This bill establishes a new interdivisional taskforce within the Securities and Exchange Commission to address the needs and challenges faced by senior investors, defined as individuals over the age of 65. The taskforce will be led by a director appointed by the SEC Chairman and will include staff from enforcement, compliance, and investor education divisions to identify problems senior investors face, such as financial exploitation and cognitive decline. The group will produce biennial reports to Congress analyzing trends, regulatory gaps, and recommendations for policy improvements while coordinating with state regulators and other federal agencies. Additionally, the bill requires the Government Accountability Office to conduct a study within two years of enactment to assess the economic costs and frequency of financial exploitation of senior citizens. The taskforce will operate for ten years using existing funds without additional compensation for its members.