IllinoisSB1551104th General Assembly (2025–2026)Senate

AGING-FINANCIAL EXPLOITATION

Sponsored By: Steve Stadelman (Democratic)

Passed Senate

Summary

Amends the Adult Protective Services Act. Expands the list of mandated reporters under the Act to include a broker-dealer and any qualified individual who serves in a supervisory, compliance, or legal capacity for a broker-dealer or investment advisor. Permits a broker-dealer or investment advisor to delay a disbursement from an account of an eligible adult or an account on which an eligible adult is a beneficiary in cases of suspected financial exploitation. Sets forth certain actions a broker-dealer or investment advisor must take, including notifying the Department on Aging, of the requested disbursement and suspected financial exploitation. Contains provisions setting forth conditions upon which a delay of a disbursement shall expire; immunity for delaying disbursements; and financial records access. Makes conforming changes throughout the Act. Expands the definition of "financial exploitation" to include (1) the wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of an eligible adult; or (2) any act or omission taken by a person, including through the use of a power of attorney, guardianship, or conservatorship of an eligible adult, to: (A) obtain control over the eligible adult's money, assets, or property; or (B) convert money, assets, or property of the eligible adult to deprive such eligible adult of the ownership, use, benefit, or possession of his or her money, assets, or property.

assignmentsjudiciaryjudiciary - civil

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Steve Stadelman

    Democratic • Senate

Cosponsors

  • Dave Vella

    Democratic • House

  • Lakesia Collins

    Democratic • Senate

  • Mike Simmons

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 52 • No: 20

Senate vote • 4/10/2025

Third Reading - Passed;

Yes: 38 • No: 17 • Other: 1

Senate vote • 4/9/2025

Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary;

Yes: 5 • No: 3

Senate vote • 3/19/2025

Do Pass as Amended Judiciary;

Yes: 9 • No: 0

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    5/9/2025House
  2. Assigned to Judiciary - Civil Committee

    4/17/2025House
  3. Referred to Rules Committee

    4/11/2025House
  4. First Reading

    4/11/2025House
  5. Chief House Sponsor Rep. Dave Vella

    4/10/2025House
  6. Arrived in House

    4/10/2025House
  7. Added as Chief Co-Sponsor Sen. Lakesia Collins

    4/10/2025Senate
  8. Third Reading - Passed; 038-017-001

    4/10/2025Senate
  9. Placed on Calendar Order of 3rd Reading

    4/10/2025Senate
  10. Senate Floor Amendment No. 2 Adopted; Stadelman

    4/10/2025Senate
  11. Recalled to Second Reading

    4/10/2025Senate
  12. Added as Chief Co-Sponsor Sen. Mike Simmons

    4/10/2025Senate
  13. Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 005-003-000

    4/9/2025Senate
  14. Placed on Calendar Order of 3rd Reading April 9, 2025

    4/8/2025Senate
  15. Second Reading

    4/8/2025Senate
  16. Senate Floor Amendment No. 2 Assignments Refers to Judiciary

    4/8/2025Senate
  17. Senate Floor Amendment No. 2 Referred to Assignments

    4/4/2025Senate
  18. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman

    4/4/2025Senate
  19. Placed on Calendar Order of 2nd Reading March 20, 2025

    3/19/2025Senate
  20. Do Pass as Amended Judiciary; 009-000-000

    3/19/2025Senate
  21. Senate Committee Amendment No. 1 Adopted

    3/19/2025Senate
  22. Postponed - Judiciary

    3/6/2025Senate
  23. Senate Committee Amendment No. 1 Assignments Refers to Judiciary

    2/25/2025Senate
  24. Senate Committee Amendment No. 1 Referred to Assignments

    2/20/2025Senate
  25. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Steve Stadelman

    2/20/2025Senate

Bill Text

  • Engrossed

  • Introduced

  • Senate Amendment 1

  • Senate Amendment 2

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