IllinoisSB1389104th General Assembly (2025–2026)Senate

AGING-FINANCIAL EXPLOITATION

Sponsored By: Mike Simmons (Democratic)

In Committee

Summary

Amends the Adult Protective Services Act. Expands the list of mandated reporters under the Act to include broker-dealers and officers, managers, 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 or an officer, manager, or employee 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mike Simmons

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    4/11/2025Senate
  2. Rule 2-10 Committee Deadline Established As April 11, 2025

    4/4/2025Senate
  3. Rule 2-10 Committee Deadline Established As April 4, 2025

    3/21/2025Senate
  4. To Special Issues

    3/5/2025Senate
  5. Assigned to Judiciary

    2/4/2025Senate
  6. Referred to Assignments

    1/29/2025Senate
  7. First Reading

    1/29/2025Senate
  8. Filed with Secretary by Sen. Mike Simmons

    1/29/2025Senate

Bill Text

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