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LouisianaHB 5552026 Regular SessionHouseWALLET

BANKS/BANKING: Provides relative to elderly financial exploitation

Sponsored By: Kim Carver (Republican)

Signed by Governor

Commerce, Consumer Protection and International AffairsCommerce

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Stronger financial scam protections for seniors

Louisiana expands financial-exploitation protections for eligible adults to cover scams, deceptive schemes, enticement, extortion, and impersonation of government officials. These acts must cause a transaction or payment to a stranger or imposter for promised goods or benefits never received. The law also covers transactions involving fraud, false claims, or misleading statements for personal gain at the adult’s expense. Covered financial institutions may alert someone reasonably connected to the adult, including an authorized trusted contact age 18 or older. Alerts about suspected or attempted exploitation are allowed, not required. Beginning January 1, 2027, covered institutions must train appropriate staff who handle eligible adults’ financial transactions to spot and respond to exploitation.

Longer fraud holds can delay seniors’ transactions

For eligible adults, Louisiana extends the legal deadline for exploitation-related transaction holds from 15 to 45 business days. At a covered agency’s request, covered financial institutions can extend holds to 60 business days, up from 25. Both deadlines run from the date the hold begins. The law also preserves institutions’ separate contractual rights to delay transactions. Longer holds can help stop exploitation, but they also delay access to the affected transaction.

Sponsors & Cosponsors

Sponsor

  • Kim Carver

    Republican • House

Cosponsors

  • Candace N. Newell

    Democratic • House

  • Delisha Boyd

    Democratic • House

  • Dixon Wallace McMakin

    Republican • House

  • Edmond Jordan

    Democratic • House

  • Jacob Jules Landry

    Republican • House

  • Jessica Domangue

    Republican • House

  • Neil Riser

    Republican • House

  • Shaun Raphael Mena

    Democratic • House

  • Tehmi Jahi Chassion

    Democratic • House

  • Terry Landry Jr.

    Democratic • House

  • Vincent E. Cox III

    Republican • House

  • Vincent "Vinney" St. Blanc III

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 244 • No: 0

House vote • 5/27/2026

Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.

Yes: 97 • No: 0

Senate vote • 5/21/2026

Rules suspended. The amended bill was read by title, passed by a vote of 35 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 35 • No: 0

House vote • 3/24/2026

Read third time by title, roll called on final passage, yeas 98, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 98 • No: 0

House vote • 3/17/2026

Reported with amendments

Yes: 14 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 654.

    6/1/2026House

  2. Effective date: 08/01/2026.

    6/1/2026House

  3. Sent to the Governor for executive approval.

    5/29/2026House

  4. Enrolled and signed by the Speaker of the House.

    5/28/2026House

  5. Signed by the President of the Senate.

    5/28/2026Senate

  6. Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.

    5/27/2026House

  7. Scheduled for concurrence on 05/27/2026.

    5/26/2026House

  8. Received from the Senate with amendments.

    5/25/2026House

  9. Rules suspended. The amended bill was read by title, passed by a vote of 35 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/21/2026Senate

  10. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/18/2026Senate

  11. Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.

    5/14/2026Senate

  12. Reported with amendments.

    5/13/2026Senate

  13. Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.

    3/25/2026Senate

  14. Read third time by title, roll called on final passage, yeas 98, nays 0. Finally passed, title adopted, ordered to the Senate.

    3/24/2026House

  15. Received in the Senate. Rules suspended. Read first time by title and placed on the Calendar for a second reading.

    3/24/2026Senate

  16. Scheduled for floor debate on 03/24/2026.

    3/23/2026House

  17. Read by title, amended, ordered engrossed, passed to 3rd reading.

    3/18/2026House

  18. Reported with amendments (14-0).

    3/17/2026House

  19. Read by title, under the rules, referred to the Committee on Commerce.

    3/9/2026House

  20. First appeared in the Interim Calendar on 2/27/2026.

    2/27/2026House

  21. Prefiled.

    2/26/2026House

  22. Under the rules, provisionally referred to the Committee on Commerce.

    2/26/2026House

Bill Text

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