VA HB692 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0530)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0530)
Text: Latest bill text (Chaptered) [HTML]
Summary
Financial institutions; reporting financial exploitation of elderly or vulnerable adults. Permits a financial institution to allow an elderly or vulnerable adult, as defined in the bill, to submit and periodically update a list of trusted persons whom such financial institution or financial institution staff, as defined in the bill, may contact in the case of the suspected financial exploitation of such adult. The bill also permits a financial institution to conduct a training to instruct its staff on how to identify and report the suspected financial exploitation of an elderly or vulnerable adult internally at such financial institution, to a designated trusted contact, and to various other authorities. The bill directs the Bureau of Financial Institutions of the State Corporation Commission to develop and publish guidelines for such training by January 1, 2026. The bill provides that no financial institution staff that have received such training shall be liable in any civil or administrative proceeding for disclosing the suspected financial exploitation of an elderly or vulnerable adult pursuant to the bill's provisions if such disclosure was made in good faith and with reasonable care. The bill provides that no financial institution that has provided such training shall be liable for any such disclosure by financial institution staff.
Title
Financial institutions; reporting financial exploitation of elderly or vulnerable adults.
Sponsors
| Del. Michelle Maldonado [D] | Del. Irene Shin [D] | Del. Rozia Henson [D] | Del. Karen Keys-Gamarra [D] |
| Del. Adele McClure [D] | Del. Marcia Price [D] | Del. Vivian Watts [D] |
Roll Calls
2024-02-26 - House - House: VOTE: Adoption (96-Y 0-N) (Y: 96 N: 0 NV: 0 Abs: 4) [PASS]
2024-02-22 - Senate - Senate: Passed Senate with amendments (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-21 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-19 - Senate - Senate: Reported from Commerce and Labor with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-31 - House - House: VOTE: Block Vote Passage (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - House - House: Reported from Labor and Commerce with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-23 - House - House: Subcommittee recommends reporting with substitute (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-22 - Senate - Senate: Passed Senate with amendments (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-21 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-19 - Senate - Senate: Reported from Commerce and Labor with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-31 - House - House: VOTE: Block Vote Passage (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - House - House: Reported from Labor and Commerce with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-23 - House - House: Subcommittee recommends reporting with substitute (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | Governor: Acts of Assembly Chapter text (CHAP0530) | |
| 2024-04-05 | Governor: Approved by Governor-Chapter 530 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | House | Enrolled Bill communicated to Governor on March 11, 2024 |
| 2024-03-03 | Senate | Signed by President |
| 2024-02-29 | House | Signed by Speaker |
| 2024-02-29 | House | Bill text as passed House and Senate reprinted (HB692ER) |
| 2024-02-29 | House | Bill text as passed House and Senate (HB692ER) |
| 2024-02-29 | House | Enrolled |
| 2024-02-26 | House | VOTE: Adoption (96-Y 0-N) |
| 2024-02-26 | House | Senate amendments agreed to by House (96-Y 0-N) |
| 2024-02-22 | Senate | Passed Senate with amendments (40-Y 0-N) |
| 2024-02-22 | Senate | Engrossed by Senate as amended |
| 2024-02-22 | Senate | Amendment by Senator Favola agreed to |
| 2024-02-22 | Senate | Reading of amendment waived |
| 2024-02-22 | Senate | Committee amendment agreed to |
| 2024-02-22 | Senate | Reading of amendment waived |
| 2024-02-22 | Senate | Read third time |
| 2024-02-21 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-19 | Senate | Reported from Commerce and Labor with amendment (15-Y 0-N) |
| 2024-02-01 | Senate | Referred to Committee on Commerce and Labor |
| 2024-02-01 | Senate | Constitutional reading dispensed |
| 2024-01-31 | House | VOTE: Block Vote Passage (100-Y 0-N) |
| 2024-01-31 | House | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
| 2024-01-30 | House | Engrossed by House - committee substitute HB692H1 |
| 2024-01-30 | House | Committee substitute agreed to 24105750D-H1 |
| 2024-01-30 | House | Read second time |
| 2024-01-29 | House | Read first time |
| 2024-01-25 | House | Committee substitute printed 24105750D-H1 |
| 2024-01-25 | House | Reported from Labor and Commerce with substitute (21-Y 0-N) |
| 2024-01-23 | House | Subcommittee recommends reporting with substitute (7-Y 0-N) |
| 2024-01-16 | House | Assigned L & C sub: Subcommittee #1 |
| 2024-01-09 | House | Referred to Committee on Labor and Commerce |
| 2024-01-09 | House | Prefiled and ordered printed; offered 01/10/24 24104983D |
Same As/Similar To
HB373 (Similar To) 2024-02-01 - Continued to 2025 in Labor and Commerce by voice vote
SB174 (Similar To) 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0578)
SB174 (Similar To) 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0578)
