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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.
Introduced
Apr 10, 2025
Last Action
May 9, 2025
Session
IL 104th
Sponsors
2 primary · 2 co
Rule 19(a) / Re-referred to Rules Committee
Assigned to Judiciary - Civil Committee
First Reading
Referred to Rules Committee
Third Reading - Passed; 038-017-001
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 2 Adopted; Stadelman
Recalled to Second Reading
Added as Chief Co-Sponsor Sen. Mike Simmons
Chief House Sponsor Rep. Dave Vella
Arrived in House
Added as Chief Co-Sponsor Sen. Lakesia Collins
Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 005-003-000
Second Reading
Senate Floor Amendment No. 2 Assignments Refers to Judiciary
Placed on Calendar Order of 3rd Reading April 9, 2025
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman
Senate Floor Amendment No. 2 Referred to Assignments
Placed on Calendar Order of 2nd Reading March 20, 2025
Do Pass as Amended Judiciary; 009-000-000
Senate Committee Amendment No. 1 Adopted
Postponed - Judiciary
Senate Committee Amendment No. 1 Assignments Refers to Judiciary
Postponed - Judiciary
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Steve Stadelman
Assigned to Judiciary
Filed with Secretary by Sen. Steve Stadelman
Referred to Assignments
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee
Mike Simmons