VA SB174 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0578)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0578)
Text: Latest bill text (Chaptered) [HTML]
Summary
Financial institutions; reporting financial exploitation of elderly or vulnerable adults. Permits a financial institution to allow an elderly or vulnerable adult, as defined in the bill, to submit and periodically update a list of trusted persons whom such financial institution or financial institution staff, as defined in the bill, may contact in the case of the suspected financial exploitation of such adult. The bill also permits a financial institution to conduct a training to instruct its staff on how to identify and report the suspected financial exploitation of an elderly or vulnerable adult internally at such financial institution, to a designated trusted contact, and to various other authorities. The bill directs the Bureau of Financial Institutions of the State Corporation Commission to develop and publish guidelines for such training by January 1, 2026. The bill provides that no financial institution staff that have received such training shall be liable in any civil or administrative proceeding for disclosing the suspected financial exploitation of an elderly or vulnerable adult pursuant to the bill's provisions if such disclosure was made in good faith and with reasonable care. The bill provides that no financial institution that has provided such training shall be liable for any such disclosure by financial institution staff.
Title
Financial institutions; reporting financial exploitation of elderly or vulnerable adults.
Sponsors
Roll Calls
2024-02-27 - Senate - Senate: House substitute with amendment agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-23 - House - House: VOTE: Passage (96-Y 0-N) (Y: 96 N: 0 NV: 0 Abs: 4) [PASS]
2024-02-20 - House - House: Reported from Labor and Commerce with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-26 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2024-01-24 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-22 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-23 - House - House: VOTE: Passage (96-Y 0-N) (Y: 96 N: 0 NV: 0 Abs: 4) [PASS]
2024-02-20 - House - House: Reported from Labor and Commerce with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-26 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2024-01-24 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-22 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2024-04-05 | Governor: Acts of Assembly Chapter text (CHAP0578) | |
2024-04-05 | Governor: Approved by Governor-Chapter 578 (effective 7/1/24) | |
2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
2024-03-11 | Senate | Enrolled Bill Communicated to Governor on March 11, 2024 |
2024-03-07 | Senate | Signed by President |
2024-03-04 | House | Signed by Speaker |
2024-03-04 | Senate | Bill text as passed Senate and House (SB174ER) |
2024-03-04 | Senate | Enrolled |
2024-02-27 | Senate | Title replaced 24107880D-H1 |
2024-02-27 | Senate | House substitute with amendment agreed to by Senate (39-Y 0-N) |
2024-02-23 | House | VOTE: Passage (96-Y 0-N) |
2024-02-23 | House | Passed House with substitute with amendment (96-Y 0-N) |
2024-02-23 | House | Engrossed by House - committee substitute with amendment SB174H1 |
2024-02-23 | House | Amendment by Delegate Maldonado agreed to |
2024-02-23 | House | Committee substitute agreed to 24107880D-H1 |
2024-02-23 | House | Read third time |
2024-02-22 | House | Read second time |
2024-02-20 | House | Committee substitute printed 24107880D-H1 |
2024-02-20 | House | Reported from Labor and Commerce with substitute (22-Y 0-N) |
2024-02-13 | House | Referred to Committee on Labor and Commerce |
2024-02-13 | House | Read first time |
2024-02-13 | House | Placed on Calendar |
2024-01-26 | Senate | Read third time and passed Senate (38-Y 0-N) |
2024-01-25 | Senate | Engrossed by Senate - committee substitute SB174S1 |
2024-01-25 | Senate | Committee substitute agreed to 24106027D-S1 |
2024-01-25 | Senate | Reading of substitute waived |
2024-01-25 | Senate | Read second time |
2024-01-24 | Senate | Constitutional reading dispensed (40-Y 0-N) |
2024-01-22 | Senate | Committee substitute printed 24106027D-S1 |
2024-01-22 | Senate | Reported from Commerce and Labor with substitute (15-Y 0-N) |
2024-01-08 | Senate | Referred to Committee on Commerce and Labor |
2024-01-08 | Senate | Prefiled and ordered printed; offered 01/10/24 24101504D |
Same As/Similar To
HB373 (Similar To) 2024-02-01 - Continued to 2025 in Labor and Commerce by voice vote
HB692 (Similar To) 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0530)
HB692 (Similar To) 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0530)