Representative George Whitesides introduces H.R. 10350: Protecting Elders from Wire Fraud Act

We have received text from H.R. 10350: Protecting Elders from Wire Fraud Act. This bill was received on 2026-09-10, and currently has 2 cosponsors.

Here is a short summary of the bill:

This bill would require certain financial professionals and institutions to take specific steps when they suspect an older adult is being financially exploited, especially through wire transfers or similar transactions.

What it changes

It amends an existing federal law to make the protections stronger and more specific. In practical terms, it would require covered financial institutions and certain employees or representatives to:

Report suspected elder financial exploitation quickly to the appropriate government agency within 5 days of first suspecting it.
Include key details in the report , such as the older person’s identity and address, information about a guardian or next of kin if known, details about the financial worker and institution involved, contact information, and a description of the suspected exploitation.
Temporarily freeze or delay suspicious transactions for up to 30 business days so the institution can check whether the transaction is legitimate.
Allow the hold to be extended for up to two additional 30-day periods if the issue still has not been resolved.
Notify a trusted contact associated with the account, if one exists and it appears appropriate, within 1 day of placing a hold. The notice would identify the account and transaction, explain why the hold was placed, and provide the institution’s contact information.
Provide records promptly to the relevant agency within 2 business days if requested for an investigation.

Sharing information with family or other associated people

The bill would let the financial professional share limited information with someone reasonably associated with the older adult, unless that person is suspected of being involved in the exploitation. If the person is not an authorized agent or fiduciary, the information shared would be limited to the fact that there is reason to suspect exploitation and the general nature of it.

Liability protections

It would give financial institutions legal protection if they, in good faith, delay or refuse a transaction under the bill’s rules, or if they share information with a trusted contact, adult protective services, or law enforcement as allowed by the bill.

Effect on state laws

The bill says it would not override stronger state consumer-protection laws unless those laws conflict with the federal requirements. If a state law gives consumers more protection, it would still apply.

When it would take effect

The new rules would start 180 days after the bill is enacted.

Relevant Companies

None found

Representative George Whitesides Bill Proposals

Here are some bills which have recently been proposed by Representative George Whitesides:

H.R.10350: Protecting Elders from Wire Fraud Act
H.R.10181: Stop Predator Dumping Act
H.R.10180: Self-Improving AI Monitoring Act
H.R.10137: No Insider Trading on National Security Act of 2026
H.R.10069: Military Readiness Through Resilient Lands Act
H.R.10042: Understanding AI in the Classroom Act

You can track bills proposed by Representative George Whitesides on Quiver Quantitative's politician page for Whitesides.

Representative George Whitesides Net Worth

Quiver Quantitative estimates that Representative George Whitesides is worth $36.3M, as of September 15th, 2026. This is the 39th highest net worth in Congress, per our live estimates.

Whitesides has approximately $10.3M invested in publicly traded assets which Quiver is able to track live.

You can track Representative George Whitesides's net worth on Quiver Quantitative's politician page for Whitesides.

Representative George Whitesides Stock Trading

We have data on up to $5.5M of trades from Representative George Whitesides, which we parsed from STOCK Act filings. Some of the largest trades include:

A March 24th, 2025 sale of up to $500K of $MSFT. The stock has risen 28.58% since then.
A March 25th, 2025 sale of up to $500K of $INVA. The stock has risen 20.25% since then.
A March 27th, 2025 sale of up to $250K of $NFLX. The stock has fallen 17.77% since then.
A March 24th, 2025 sale of up to $250K of $HD. The stock has fallen 14.54% since then.
A March 24th, 2025 sale of up to $250K of $KO. The stock has risen 29.59% since then.

You can track Representative George Whitesides's stock trading on Quiver Quantitative's politician page for Whitesides.

2026 California's 27th Congressional District Election

There has been approximately $54,372,912 of spending in California's 27th congressional district elections over the last two years, per our estimates.

Approximately $43,041,867 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

HMP ($18,212,730)
CONGRESSIONAL LEADERSHIP FUND ($9,127,519)
NRCC ($4,570,449)
GIFFORDS PAC ($2,336,303)
LCV VICTORY FUND ($2,111,600)

The rating for this race is currently "Solid D".

You can track this election on our matchup page for the 2026 California's 27th congressional district election.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.