IL SB3804 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-05-15 - Added as Chief Co-Sponsor Sen. Michael E. Hastings
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-05-15 - Added as Chief Co-Sponsor Sen. Michael E. Hastings
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Adult Protective Services Act. Expands the list of mandated reporters under the Act to include broker-dealers and officers and employees of financial institutions. Provides that financial exploitation of an adult with disabilities or a person aged 60 or older occurs when a person or entity (i) takes, secretes, appropriates, obtains, or retains real or personal property of an eligible adult for a wrongful use or with intent to defraud, or both; (ii) assists in taking, secreting, appropriating, obtaining, or retaining real or personal property of an eligible adult for a wrongful use or with intent to defraud, or both; (iii) knowingly aids and abets in the taking, secreting, appropriating, obtaining, or retaining of real or personal property of an eligible adult for a wrongful use or with intent to defraud, or both; or (iv) takes, secretes, appropriates, obtains, or retains, or assists in taking, secreting, appropriating, obtaining, or retaining, real or personal property of an eligible adult by undue influence. Sets forth when a financial institution, the officers and employees of a financial institution, a broker-dealer, or an investment adviser is deemed to have assisted in taking, secreting, appropriating, obtaining, or retaining real or personal property of an eligible adult. Sets forth when all other mandated reporters are deemed to have assisted in taking, secreting, appropriating, obtaining, or retaining real or personal property of an eligible adult. Exempts from liability nonsupervisory employees of a financial institution. Contains other provisions.
Title
AGING-FINANCIAL EXPLOITATION
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-15 | Senate | Added as Chief Co-Sponsor Sen. Michael E. Hastings |
| 2024-05-03 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
| 2024-04-19 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |
| 2024-04-19 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-04-19 | Senate | Added as Co-Sponsor Sen. Javier L. Cervantes |
| 2024-04-16 | Senate | Added as Co-Sponsor Sen. Karina Villa |
| 2024-04-12 | Senate | Rule 2-10 Third Reading Deadline Established As May 3, 2024 |
| 2024-04-09 | Senate | Added as Co-Sponsor Sen. Mary Edly-Allen |
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As April 19, 2024 |
| 2024-03-22 | Senate | Added as Chief Co-Sponsor Sen. Mattie Hunter |
| 2024-03-22 | Senate | Added as Co-Sponsor Sen. Rachel Ventura |
| 2024-03-22 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2024-03-22 | Senate | Added as Co-Sponsor Sen. Laura Fine |
| 2024-03-20 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Judiciary |
| 2024-03-18 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-03-18 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mike Simmons |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-02-28 | Senate | Assigned to Judiciary |
| 2024-02-09 | Senate | Referred to Assignments |
| 2024-02-09 | Senate | First Reading |
| 2024-02-09 | Senate | Filed with Secretary by Sen. Mike Simmons |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 320 | 20 | 2 | Amended Code | Citation Text |
| 320 | 20 | 2.5 | New Code | See Bill Text |
