Janie Wynn Protecting Elders from Financial Exploitation Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10242 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10242 To require the Director of the Bureau of Consumer Financial Protection to issue a final rule requiring any card issuer that issues a pre- approved credit card to a senior citizen to provide fraud alerts to certain individuals, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 3, 2026 Mr. Higgins of Louisiana introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To require the Director of the Bureau of Consumer Financial Protection to issue a final rule requiring any card issuer that issues a pre- approved credit card to a senior citizen to provide fraud alerts to certain individuals, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Janie Wynn Protecting Elders from Financial Exploitation Act''. SEC. 2. PREVENTION OF SENIOR CITIZEN FINANCIAL EXPLOITATION. (a) In General.--Not later than 180 days after the date of the enactment of this Act, the Director of the Bureau of Consumer Financial Protection, in consultation with the Secretary of the Treasury and the Director of the Financial Crimes Enforcement Network, shall issue a final rule requiring-- (1) any card issuer that issues a pre-approved credit card to a senior citizen to provide fraud alerts for such credit card upon activation to-- (A) the cardholder; and (B) except as provided in subsection (b), an individual selected by the cardholder who is at least 25 years old and-- (i) is a relative or spouse of the cardholder; or (ii) has provided a description to the card issuer of the nature of their relationship with t