1. Short title This Act may be cited as the National Senior Investor Initiative Act of 2018 or the Senior Security Act of 2018 . 2. Senior Investor Taskforce Section 4 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d ) is amended by adding at the end the following: (k) Senior Investor Taskforce (1) Establishment There is established within the Commission the Senior Investor Taskforce (in this subsection referred to as the Taskforce ). (2) Director of the Taskforce The head of the Taskforce shall be the Director, who shall— (A) report directly to the Chairman; and (B) be appointed by the Chairman, in consultation with the Commission, from among individuals— (i) currently employed by the Commission or from outside of the Commission; and (ii) having experience in advocating for the interests of senior investors. (3) Staffing The Chairman shall ensure that— (A) the Taskforce is staffed sufficiently to carry out fully the requirements of this subsection; and (B) such staff shall include individuals from the Division of Enforcement, Office of Compliance Inspections and Examinations, and Office of Investor Education and Advocacy. (4) Minimizing duplication of efforts In organizing and staffing the Taskforce, the Chairman shall take such actions as may be necessary to minimize the duplication of efforts within the divisions and offices described under paragraph (3)(B) and any other divisions, offices, or taskforces of the Commission. (5) Functions of the Taskforce The Taskforce shall— (A) identify challenges that senior investors encounter, including problems associated with financial exploitation and cognitive decline; (B) identify areas in which senior investors would benefit from changes in the regulations of the Commission or the rules of self-regulatory organizations; (C) coordinate, as appropriate, with other offices within the Commission, other taskforces that may be established within the Commission, self-regulatory organizations, and the Elder Justice Coordinating Council