AGING-FINANCIAL EXPLOITATION Senate SponsorsSen. Mike Simmons, Laura Fine, Adriane Johnson, Rachel Ventura-Mattie Hunter, Mary Edly-Allen, Karina Villa, Javier L. Cervantes and Mike Porfirio-Michael E. Hastings 1/7/2025SenateSession Sine Die 320 ILCS 20/2from Ch. 23, par. 6602320 ILCS 20/2.5 newAmends the Adult Protective Services Act. Expands the list of mandated reporters under the Act to include broker-dealers and officers and employees of financial institutions. Provides that financial exploitation of an adult with disabilities or a person aged 60 or older occurs when a person or entity (i) takes, secretes, appropriates, obtains, or retains real or personal property of an eligible adult for a wrongful use or with intent to defraud, or both; (ii) assists in taking, secreting, appropriating, obtaining, or retaining real or personal property of an eligible adult for a wrongful use or with intent to defraud, or both; (iii) knowingly aids and abets in the taking, secreting, appropriating, obtaining, or retaining of real or personal property of an eligible adult for a wrongful use or with intent to defraud, or both; or (iv) takes, secretes, appropriates, obtains, or retains, or assists in taking, secreting, appropriating, obtaining, or retaining, real or personal property of an eligible adult by undue influence. Sets forth when a financial institution, the officers and employees of a financial institution, a broker-dealer, or an investment adviser is deemed to have assisted in taking, secreting, appropriating, obtaining, or retaining real or personal property of an eligible adult. Sets forth when all other mandated reporters are deemed to have assisted in taking, secreting, appropriating, obtaining, or retaining real or personal property of an eligible adult. Exempts from liability nonsupervisory employees of a financial institution. Contains other provisions. 2/9/2024SenateFiled with Secretary by Sen. Mike Simmons 2/9/2024SenateFirst Reading 2/9/2024SenateReferred to Assignments 2/28/2024SenateAssigned to Judiciary 3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024 3/18/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Mike Simmons 3/18/2024SenateSenate Committee Amendment No. 1 Referred to Assignments 3/20/2024SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary 3/22/2024SenateAdded as Co-Sponsor Sen. Laura Fine 3/22/2024SenateAdded as Co-Sponsor Sen. Adriane Johnson 3/22/2024SenateAdded as Co-Sponsor Sen. Rachel Ventura 3/22/2024SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 4/5/2024SenateRule 2-10 Committee Deadline Established As April 19, 2024 4/9/2024SenateAdded as Co-Sponsor Sen. Mary Edly-Allen 4/12/2024SenateRule 2-10 Third Reading Deadline Established As May 3, 2024 4/16/2024SenateAdded as Co-Sponsor Sen. Karina Villa 4/19/2024SenateAdded as Co-Sponsor Sen. Javier L. Cervantes 4/19/2024SenateRule 3-9(a) / Re-referred to Assignments 4/19/2024SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 5/3/2024SenateAdded as Co-Sponsor Sen. Mike Porfirio 5/15/2024SenateAdded as Chief Co-Sponsor Sen. Michael E. Hastings 1/7/2025SenateSession Sine Die