Reps. Whitesides, Salazar, Davis Introduce Bipartisan Bill To Protect Seniors From Wire Fraud img:is([sizes="auto" i], [sizes^="auto," i]) { contain-intrinsic-size: 3000px 1500px } Reps. Whitesides, Salazar, Davis Introduce Bipartisan
Reps. Whitesides, Salazar, Davis Introduce Bipartisan Bill To Protect Seniors From Wire Fraud
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Reps. Whitesides, Salazar, Davis Introduce Bipartisan
Source: KHTS Hometown Station
Date: 09/11/2026 9:16am
Article Summary:
Bipartisan Bill Introduced to Protect Seniors From Wire Fraud With 90-Day Transaction Holds
Reps. George Whitesides, Maria Salazar and Don Davis have introduced the bipartisan Protecting Elders from Wire Fraud Act, which would allow financial institutions to temporarily hold suspicious wire transfers from seniors’ accounts for up to 90 days. The bill would also require banks to contact designated trusted individuals, provide legal protections for institutions acting in good faith and report suspected exploitation; it is backed by AARP and the National Elder Fraud Coordination Center.
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Date: 09/11/2026 9:16am
Article Summary:
Bipartisan Bill Introduced to Protect Seniors From Wire Fraud With 90-Day Transaction Holds
Reps. George Whitesides, Maria Salazar and Don Davis have introduced the bipartisan Protecting Elders from Wire Fraud Act, which would allow financial institutions to temporarily hold suspicious wire transfers from seniors’ accounts for up to 90 days. The bill would also require banks to contact designated trusted individuals, provide legal protections for institutions acting in good faith and report suspected exploitation; it is backed by AARP and the National Elder Fraud Coordination Center.
Read article here »