Support legislation to protect seniors by removing liability for financial institutions and professionals who report suspected senior financial fraud to authorities.

It also protects seniors by removing liability for financial services institutions and professionals reporting suspected fraud of senior citizens to the authorities.

Rounds supported a bill provision providing liability protection for financial professionals and institutions that report suspected fraud against seniors.

Rounds: Economic Growth, Regulatory Reli... | U.S. Senator Mike Rounds
secondary · other · model gpt-5.5

The Senate roll call lists S. 2155 as passing 67-31 on March 14, 2018, and records Rounds (R-SD) as Yea.

Rounds voted for the Senate-passed Economic Growth, Regulatory Relief, and Consumer Protection Act, the vehicle that later became Public Law 115-174 and included the senior financial-exploitation immunity provision.

delivered same_term A for effort

U.S. Senate Roll Call Vote 115th Congress, 2nd Session, Vote 54
secondary · model gpt-5.5 · confidence 98%

Public Law 115-174 is dated May 24, 2018. Its table of contents includes Section 303 on immunity for senior-citizen financial-exploitation disclosures.

The legislation Rounds supported became law during his first Senate term and included a section directly addressing immunity from suit for reporting suspected financial exploitation of seniors.

delivered same_term

Public Law 115-174, Economic Growth, Regulatory Relief, and Consumer Protection Act
secondary · model gpt-5.5 · confidence 98%

Section 303 says trained individuals and covered financial institutions are not liable for good-faith disclosures of suspected senior-citizen exploitation to covered agencies.

The enacted bill provides the liability protection described in the promise for covered financial institutions and specified financial professionals who report suspected exploitation to regulators, law enforcement, or adult protective services.

delivered same_term

Public Law 115-174, Economic Growth, Regulatory Relief, and Consumer Protection Act
secondary · model gpt-5.5 · confidence 97%

The U.S. Code section remains in force and includes immunity for individuals and covered financial institutions making qualifying disclosures about senior exploitation.

Current codified federal law confirms that the senior financial-fraud reporting immunity enacted in 2018 remains part of federal law as of the available U.S. Code text.

delivered same_term

12 U.S.C. 3423: Immunity from suit for disclosure of financial exploitation of senior citizens
secondary · model gpt-5.5 · confidence 96%