# Illinois SB1551: AGING-FINANCIAL EXPLOITATION Illinois SB1551, AGING-FINANCIAL EXPLOITATION, is a 104th General Assembly (2025–2026) Senate bill sponsored by Steve Stadelman (Democratic); status passed senate, last action 2025-05-09 (Rule 19(a) / Re-referred to Rules Committee) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-SB1551-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois SB1551 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: AGING-FINANCIAL EXPLOITATION - Status: passed senate - Chamber: Senate - Introduced: 2025-02-04 - Last action: 2025-05-09, Rule 19(a) / Re-referred to Rules Committee - Sponsor: Steve Stadelman (Democratic) - Cosponsors: 3 - Subjects: assignments, judiciary, judiciary - civil - Touches household money: no - Roll calls: 3 (52 yes, 20 no in all) - Economic provisions PRIA read: 0 ## 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. ## Bill overview No economic impacts identified for this bill. ## Sponsors and cosponsors - Sponsor: Steve Stadelman (Democratic), Senate - Cosponsor: Dave Vella (Democratic), House - Cosponsor: Lakesia Collins (Democratic), Senate - Cosponsor: Mike Simmons (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-10 | Senate | Third Reading - Passed; | pass | 38 | 17 | 1 | | 2025-04-09 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; | pass | 5 | 3 | | | 2025-03-19 | Senate | Do Pass as Amended Judiciary; | pass | 9 | 0 | | ## Actions (30) - 2025-05-09: Rule 19(a) / Re-referred to Rules Committee (House) - 2025-04-17: Assigned to Judiciary - Civil Committee (House) - 2025-04-11: Referred to Rules Committee (House) - 2025-04-11: First Reading (House) - 2025-04-10: Chief House Sponsor Rep. Dave Vella (House) - 2025-04-10: Arrived in House (House) - 2025-04-10: Added as Chief Co-Sponsor Sen. Lakesia Collins (Senate) - 2025-04-10: Third Reading - Passed; 038-017-001 (Senate) - 2025-04-10: Placed on Calendar Order of 3rd Reading (Senate) - 2025-04-10: Senate Floor Amendment No. 2 Adopted; Stadelman (Senate) - 2025-04-10: Recalled to Second Reading (Senate) - 2025-04-10: Added as Chief Co-Sponsor Sen. Mike Simmons (Senate) - 2025-04-09: Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 005-003-000 (Senate) - 2025-04-08: Placed on Calendar Order of 3rd Reading April 9, 2025 (Senate) - 2025-04-08: Second Reading (Senate) - 2025-04-08: Senate Floor Amendment No. 2 Assignments Refers to Judiciary (Senate) - 2025-04-04: Senate Floor Amendment No. 2 Referred to Assignments (Senate) - 2025-04-04: Senate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman (Senate) - 2025-03-19: Placed on Calendar Order of 2nd Reading March 20, 2025 (Senate) - 2025-03-19: Do Pass as Amended Judiciary; 009-000-000 (Senate) - 2025-03-19: Senate Committee Amendment No. 1 Adopted (Senate) - 2025-03-06: Postponed - Judiciary (Senate) - 2025-02-25: Senate Committee Amendment No. 1 Assignments Refers to Judiciary (Senate) - 2025-02-20: Senate Committee Amendment No. 1 Referred to Assignments (Senate) - 2025-02-20: Senate Committee Amendment No. 1 Filed with Secretary by Sen. Steve Stadelman (Senate) - 2025-02-20: Postponed - Judiciary (Senate) - 2025-02-11: Assigned to Judiciary (Senate) - 2025-02-04: Referred to Assignments (Senate) - 2025-02-04: First Reading (Senate) - 2025-02-04: Filed with Secretary by Sen. Steve Stadelman (Senate) ## Bill text - Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551eng.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551sam001.pdf) - Senate Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551sam002.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551eng.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551sam001.pdf) - [Senate Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1551sam002.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-SB1551-2025-2026 (as of 2026-11-01).