H.R.9668

Authorizes financial institutions to delay or refuse transactions suspected of exploiting older adults and vulnerable persons.

The bill allows financial institutions to temporarily hold or refuse transactions if they suspect financial exploitation of older adults or vulnerable persons. It requires institutions to notify relevant parties and report suspected exploitation to authorities. Institutions can extend holds up to 85 days if they conduct a review. The bill also mandates employee training on identifying and handling such transactions and provides safe harbor from liability for actions taken in good faith.