text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Senior$afe Act of 2015''.
  
  SEC. 2. IMMUNITY.
  
      (a) Definitions.--In this Act--
              (1) the term ``bank'' has the meaning given the term in 
          section 202(a) of the Investment Advisers Act of 1940 (15 
          U.S.C. 80b-2(a));
              (2) the term ``broker-dealer'' means--
                      (A) a broker, as defined in section 3(a) of the 
                  Securities Exchange Act of 1934 (15 U.S.C. 78c(a)); or
                      (B) a dealer, as defined in section 3(a) of the 
                  Securities Exchange Act of 1934 (15 U.S.C. 78c(a));
              (3) the term ``covered agency'' means--
                      (A) a State financial regulatory agency;
                      (B) each of the Federal financial institutions 
                  regulatory agencies;
                      (C) a law enforcement agency; and
                      (D) the adult protective services agency of a 
                  State;
              (4) the term ``covered financial institution'' means--
                      (A) a bank;
                      (B) a credit union;
                      (C) an investment adviser; and
                      (D) a broker-dealer;
              (5) the term ``credit union'' has the meaning given the 
          term in section 2 of the Dodd-Frank Wall Street Reform and 
          Consumer Protection Act (12 U.S.C. 5301);
              (6) the term ``exploitation'' has the meaning given the 
          term in section 2011 of the Social Security Act (42 U.S.C. 
          1397j);
              (7) the term ``Federal financial institutions regulatory 
          agencies'' has the meaning given the term in section 1003 of 
          the Federal Financial Institutions Examination Council Act of 
          1978 (12 U.S.C. 3302);
              (8) the term ``investment adviser'' has the meaning given 
          the term in section 202 of the Investment Advisers Act of 1940 
          (15 U.S.C. 80b-2); and
              (9) the term ``senior citizen'' means an individual who is 
          not less than 65 years of age.
      (b) Immunity From Suit.--
              (1) Immunity for individuals.--Notwithstanding section 502 
          of the Gramm-Leach-Bliley Act (15 U.S.C. 6802), including any 
          regulations adopted thereunder, an individual who has received 
          the training described in section 3 shall not be liable, 
          including in any civil or administrative proceeding, for 
          disclosing the possible exploitation of a senior citizen to a 
          covered agency if the individual, at the time of the 
          disclosure--
                      (A) served as a supervisor, compliance officer, or 
                  legal advisor for a covered financial institution; and
                      (B) made the disclosure--
                              (i) in good faith; and
                              (ii) with reasonable care.
              (2) Immunity for covered financial institutions.--
          Notwithstanding section 502 of the Gramm-Leach-Bliley Act (15 
          U.S.C. 6802), including any regulations adopted thereunder, a 
          covered financial institution shall not be liable, including in 
          any civil or administrative proceeding, for a disclosure made 
          by an individual described in paragraph (1) if--
                      (A) the individual was employed by the covered 
                  financial institution at the time of the disclosure; 
                  and
                      (B) before the time of the disclosure, the covered 
                  financial institution provided the training described 
                  in section 3 to each officer or employee of the covered 
                  financial institution described in section 3(a).
  
  SEC. 3. TRAINING REQUIRED.
  
      (a) In General.--A covered financial institution may provide 
  training regarding the identification and reporting of the suspected 
  exploitation of a senior citizen to each officer or employee of the 
  covered financial institution who--
              (1) is described in section 2(b)(1)(A);
              (2) may come into contact with a senior citizen as a 
          regular part of the duties of the officer or employee; or
              (3) may review or approve the financial documents, records, 
          or transactions of a senior citizen in connection with 
          providing financial services to a senior citizen.
      (b) Training.--The training required under subsection (a) shall be 
  provided as soon as reasonably practicable but not more than 12 months 
  after the date on which an officer or employee begins employment with 
  the covered financial institution.
  
  SEC. 4. PREEMPTION.
  
      Nothing in this Act shall be construed to preempt or limit any 
  provision of State law, to the extent that any provision of State law 
  provides a similar or greater level of protection against liability to 
  an individual described in section 2(b)(1) or a covered financial 
  institution described in section 2(b)(2) than is provided under those 
  sections.
target: Senior$afe Act of 2015 This bill provides that: (1) a supervisor, compliance officer, or legal advisor for a covered financial institution who has received training regarding the identification and reporting of the suspected exploitation of a senior citizen (at least 65 years old) shall not be liable for disclosing such exploitation to a covered agency if such individual made the disclosure in good faith and with reasonable care; and (2) a covered financial institution shall not be liable for such a disclosure by such an individual if such individual was employed by the institution at the time of the disclosure and the institution had provided such training. A &quot;covered financial institution&quot; means a bank, a credit union, an investment adviser, or a broker-dealer. A &quot;covered agency&quot; means each of the federal financial institutions regulatory agencies or a state financial regulatory agency, law enforcement agency, or adult protective services agency. A covered financial institution may provide such training to each of its supervisors, compliance officers, or legal advisors who: (1) may come into contact with a senior citizen as a regular part of such employee's duties; or (2) may review or approve the financial documents, records, or transactions of a senior citizen in connection with providing him or her financial services.
feat_title: Senior$afe Act of 2015