Bill Text: CA AB83 | 2025-2026 | Regular Session | Introduced

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Bill Title: Department of Financial Protection and Innovation: elder abuse prevention plan.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-12-20 - Introduced. To print. [AB83 Detail]

Download: California-2025-AB83-Introduced.html

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CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION

Assembly Bill

No. 83

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Introduced by Assembly Member Pacheco

December 20, 2024

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An act to add Division 27 (commencing with Section 120000) to the Financial Code, relating to business.

LEGISLATIVE COUNSEL'S DIGEST

AB 83, as introduced, Pacheco. Department of Financial Protection and Innovation: elder abuse prevention plan.

Existing law establishes in the Business, Consumer Services, and Housing Agency a Department of Financial Protection and Innovation under the direction of the Commissioner of Financial Protection and Innovation. Under existing law, the department has charge of the execution of specified laws relating to various financial institutions and financial products and services.

This bill would direct the department to require companies to submit to the department an elder abuse prevention plan.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Division 27 (commencing with Section 120000) is added to the Financial Code, to read:

DIVISION 27. Elder Abuse Prevention

120000.

 The Department of Financial Protection and Innovation shall require companies to submit to the department an elder abuse prevention plan.