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Key Votes

SB 3267 - Elder Financial Exploitation - Key Vote

Illinois Key Votes

Randy Hultgren voted Yea (Concurrence Vote) on this Legislation.

Read statements Randy Hultgren made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Elder Financial Exploitation

Signed by Governor Pat Quinn
Legislation - Concurrence Vote Passed (Senate) (47-9) - (Key vote)

Title: Elder Financial Exploitation

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that requires increased reporting of the financial exploitation of elders.

Highlights:
-Requires the Department to develop by joint rulemaking with the Department of Financial and Professional Regulation minimum training standards that shall be used by financial institutions for their current and new employees with direct customer contact (Sec. 3.5). -Requires the Department of Financial and Professional Regulation to provide bi-annual reports to the Department setting forth aggregate statistics on the training programs required (Sec. 3.5).
Legislation - Bill Passed With Amendment (House) (117-0) -
Note:

NOTE: THIS BILL WAS AMENDED BY STRIKING THE ENTIRETY OF THE ORIGINAL TEXT AND REPLACING IT WITH THE TEXT OF THE AMENDMENT. THE DEGREE TO WHICH THE SUBSTITUTE AMENDMENT TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed (Senate) (33-14) - (Key vote)

Title: Elder Financial Exploitation

Vote Smart's Synopsis:

Vote to pass a bill that establishes policies regarding the financial exploitation of elders.

Highlights:
-Requires the Department to provide financial institutions with training materials and information concerning financial exploitation of the elderly and related financial fraud or abuse materials to be used by a financial institution for its personnel who have direct customer contact with this information available to the general public (Sec. 3.5). -Requires the information to contain relevant toll-free telephone numbers for reporting fraud or abuse (Sec. 3.5). -Requires the Department to develop and make available an online training program for use by financial institution employees with direct customer contact (Sec. 3.5).
Note:

NOTE: THIS BILL WAS AMENDED BY STRIKING THE ENTIRETY OF THE ORIGINAL TEXT AND REPLACING IT WITH THE TEXT OF THE AMENDMENT. THE DEGREE TO WHICH THE SUBSTITUTE AMENDMENT TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Introduced (Senate) -

Title: Elder Financial Exploitation

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