S 8854 New York Senate · 2021 Regular Session

Prevents the financial exploitation of older and vulnerable adults

Summary
Allows for investment advisers and firms to disclose potential financial exploitation of elderly and vulnerable adults to the commissioner of the department of financial services and to halt disbursements from an account if an adviser or firm believes that financial exploitation is occurring.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2022
Committee Review
Floor Vote
Governor
Introduced Apr 25, 2022 Last action Apr 25, 2022
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Full legislative history

Actions timeline

Total actions
1
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0
Committee
1
Apr 25, 2022
Committee
REFERRED TO CONSUMER PROTECTION
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of George Borrello
George Borrello
RRepublican/Conservative
NY
57