Increases fines for failing to report suspected abuse or exploitation of institutionalized elderly person.

This bill increases penalties for failing to report suspected abuse or exploitation of elderly people in care facilities. It raises fines for required reporters (like healthcare workers, social workers, and facility staff) from $500 to $1,500 per violation, and for the employing facility from $2,500 to $5,000 per violation. The law requires immediate reporting (within 2 hours) for serious injury cases or within 24 hours for other suspected abuse, with immunity provided for good-faith reports. The policy directly affects professionals working in nursing homes and similar facilities who have a duty to report. The changes take effect immediately upon enactment.