Political Quotes

“Mr. Speaker, today, I rise to speak in support of H.R. 500, the Financial Exploitation Prevention Act of 2023. I thank my colleague, the gentlewoman from Missouri, for introducing this legislation. Too often, our offices receive desperate calls from seniors who have been exploited by scammers who coerced them into making bad or risky investments and cost them all or most of their life savings. These calls are especially heartbreaking as our seniors are the ones who have sacrificed so much to build our country into the incredible Nation that it is today. That is why the Financial Exploitation Prevention Act codifies a process by which seniors and vulnerable adults in our country are given a tool they can use to fight back: time. By delaying the transfer of funds and verifying that the true will of the accountholder is being exercised, we can, hopefully, prevent more of these tragic calls and circumstances from happening in the first place--as my colleague pointed out, $2.9 billion a year in fraud perpetrated upon our seniors. Mr. Speaker, I urge the Senate to join us in passing this commonsense legislation into law to protect our seniors and our most vulnerable residents across our country.”