SB 474 — AN ACT PROTECTING ELDERLY ADULTS FROM FINANCIAL EXPLOITATION.
Last action — FILE NO. 342
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
What changed in the latest version
4 added · 5 removedPlain-language change summary
The amendments to SB 474 include the addition of specific lines that reinforce the text of Section 1, establishing its definitions and context. Additionally, the previous phrasing about the section's effectiveness and context has been streamlined. These changes clarify how broker-dealers and investment advisers can report suspected financial exploitation of seniors and vulnerable adults and outline the conditions under which they may temporarily delay disbursements from related accounts.
2221 *02221_______BA_**_____SB00474BA____032118____* Referred to Committee on BANKING Introduced by:
(NEW) (Effective October 1, 2018):2018) (a) For purposes of this subsection, unless the context otherwise requires:
(a) For purposes of this subsection, unless the context otherwise requires:
Section 1 October 1, 2018 New section StatementBA ofJoint Purpose:Favorable
To (1) provide a mechanism by which broker-dealers and investment advisers may voluntarily report suspected cases of financial exploitation involving seniors and other vulnerable adults, and (2) authorize a temporary disbursement delay from securities-related accounts in suspected cases of financial exploitation.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
View plain text versions (2)
- R01 html
- R00 Current html
Action History
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FILE NO. 342
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SENATE CALENDAR NUMBER 215
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FAV. RPT., TAB. FOR CAL., SEN.
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RPTD. OUT OF LCO
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REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/09/18
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FILED WITH LCO
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Joint Favorable
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PUBLIC HEARING 0315
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REF. TO JOINT COMM. ON Banking
Sponsors
- Terry B. Gerratana · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 186 not signed on
Sponsors (1)
- Gerratana, Terry B.
Co-sponsors (0)
None.
Not signed on (186)
186 members have not signed on to this bill.
Show all 186 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 474?
- SB 474 is sponsored by Gerratana, Terry B..
- What is the current status of SB 474?
- This bill died with 2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 474?
- Track SB 474 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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