Josh Gottheimer: “My amendment is straightforward. It simply requires the SEC to specifically consider the unique challenges senior…”

“My amendment is straightforward. It simply requires the SEC to specifically consider the unique challenges senior investors face as part of its overall investor testing. Since I took office, I have been committed to helping seniors save their hard-earned money for retirement so they can afford to stay in New Jersey and enjoy their lives with their kids and grandkids. Unfortunately, there are millions of senior investors across the country who have been the victims of financial scammers, hucksters, and snake oil salesmen who have cheated them out of their rightful retirement. That is why, earlier this year, I introduced the Senior Security Act, bipartisan legislation that overwhelmingly passed out of the House to help the SEC protect vulnerable seniors from predatory scams and financial abuse. This amendment is another critical step in making sure that the SEC continues to do right by our seniors, by making sure there is explicit consideration of senior investors as they proceed with investor testing. New Jersey seniors have given us so much. I will always have their backs to ensure they have the help they need to stay in Jersey and to protect them from those who would seek to take advantage of them. I thank my colleague and friend, Mr. Casten, for introducing this bill and for his commitment to protecting seniors. I thank the chairwoman also for her excellent leadership. And I urge my colleagues to support this commonsense amendment. Mr.…”