Senate Aging Committee Chairman Rick Scott and Ranking Member Kirsten Gillibrand announced on April 14 that they will hold a hearing titled "Empowering Older Adults Through Financial Literacy: Tools to Protect Savings, Prevent Fraud, and Promote Independence" on April 15. The hearing will focus on the importance of financial literacy in ensuring retirement security for Americans and its role in protecting older adults from scams.
The committee said the event aims to highlight how education can help prevent financial exploitation among seniors, which is a growing concern nationwide. According to the official website, the Senate Aging Committee provides resources such as a fraud hotline to help protect older Americans from fraud and financial exploitation according to the official website.
Scott and Gillibrand have previously led bipartisan efforts against scams targeting seniors. These include producing the 2025 Fraud Report, maintaining a free fraud hotline for direct support, backing legislation like the National Strategy to Combat Scams Act, GUARD Act, STOP Scammers Act introduced by Scott, resolutions marking National "End Scams" Day in both 2025 and 2026, and holding field hearings in Florida about rising threats of scams against older adults.
The hearing will feature testimony from Christine Kieffer of FINRA; Sam Kunjukunju of the American Bankers Association Foundation; Carly Roszkowski of AARP; and Scott Kahan of Financial Asset Management Corporation. The session is scheduled for Wednesday at 3:30 PM Eastern Time at SH-216 in the Hart Senate Office Building.
The Senate Aging Committee maintains offices in both Dirksen (majority) and Hart (minority) Senate Office Buildings according to the official website. Its oversight extends nationwide across all federal aging-related programs according to the official website, with regular hearings examining issues such as Social Security, Medicare, long-term care, retirement security according to the official website, elder abuse prevention according to the official website, and more.
Rick Scott serves as chair while Kirsten Gillibrand is ranking member of this committee according to the official website. The committee's ongoing work includes policy recommendations intended to strengthen protections for seniors.
