IL HB4767 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 8)
Status: Introduced on February 2 2026 - 25% progression, died in committee
Action: 2026-04-17 - House Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 2 2026 - 25% progression, died in committee
Action: 2026-04-17 - House Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Adult Protective Services Act. Expands the list of mandated reporters to include investment advisers, investment adviser representatives, dealers and salespersons, and employees of financial institutions who have direct contact with eligible adults who are clients of the financial institution and have access to the financial information of the institution's clients. Permits a financial institution to place a transactional hold on an eligible adult's account if the institution's employees have a reasonable suspicion that a transaction or disbursement from the eligible adult's account may involve, facilitate, result in, or contribute to financial exploitation of the eligible adult. Provides that transactional holds must be followed by an internal review that satisfies the internal policies of the financial institution that issued the hold. Further provides that a financial institution that uses a transactional hold must create internal policies regarding identifying and reporting financial exploitation of eligible adults and transactional holds. Contains provisions on the duration of initial transactional holds and extended transactional holds; requirements on notification to law enforcement, especially in cases involving financial fraud that is outside the Act's scope; civil immunity for any financial institution and its employees who place a transactional hold on an eligible adult's account in good faith; mandated reporter training for specified employees of a financial institution; and other matters. Makes conforming changes to the Illinois Securities Law of 1953, the Illinois Banking Act, the Savings Bank Act, Illinois Credit Union Act, and the Criminal Code of 2012. Effective January 1, 2027.
Title
AGING-FINANCIAL FRAUD
Sponsors
| Rep. Katie Stuart [D] | Rep. Elizabeth Hernandez [D] | Rep. Nicolle Grasse [D] | Rep. Mary Canty [D] |
| Rep. Laura Faver Dias [D] | Rep. Martha Deuter [D] | Rep. Janet Yang Rohr [D] | Rep. Camille Lilly [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2026-04-17 | House | House Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee |
| 2026-04-17 | House | House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee |
| 2026-04-17 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2026-04-16 | House | House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee |
| 2026-04-16 | House | House Floor Amendment No. 2 Referred to Rules Committee |
| 2026-04-16 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Katie Stuart |
| 2026-04-15 | House | House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 2026-04-14 | House | Added Co-Sponsor Rep. Camille Y. Lilly |
| 2026-04-14 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 2026-04-14 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Katie Stuart |
| 2026-04-13 | House | Added Co-Sponsor Rep. Janet Yang Rohr |
| 2026-04-10 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2026-04-10 | House | Second Reading - Short Debate |
| 2026-04-06 | House | Added Co-Sponsor Rep. Martha Deuter |
| 2026-03-25 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2026-03-24 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000 |
| 2026-03-09 | House | Added Co-Sponsor Rep. Laura Faver Dias |
| 2026-03-02 | House | Added Co-Sponsor Rep. Mary Beth Canty |
| 2026-03-02 | House | Added Co-Sponsor Rep. Nicolle Grasse |
| 2026-02-18 | House | Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez |
| 2026-02-17 | House | Assigned to Financial Institutions and Licensing Committee |
| 2026-02-06 | House | Referred to Rules Committee |
| 2026-02-06 | House | First Reading |
| 2026-02-02 | House | Filed with the Clerk by Rep. Katie Stuart |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 205 | 4013 | Amended Code | Citation Text |
| 205 | 305 | 10 | Amended Code | Citation Text |
| 205 | 5 | 48.1 | Amended Code | Citation Text |
| 320 | 20 | 16 | New Code | See Bill Text |
| 320 | 20 | 2 | Amended Code | Citation Text |
| 320 | 20 | 8 | Amended Code | Citation Text |
| 720 | 5 | 17-56 | Amended Code | Citation Text |
| 815 | 5 | 18.5 | New Code | See Bill Text |
