FINANCIAL INST-ELDER ABUSE House SponsorsRep. Jerry F. Costello, II-Michelle Mussman-Lawrence M. Walsh, Jr.-Keith Farnham-Daniel Biss, Fred Crespo, Jehan A. Gordon and Carol A. Sente 1/8/2013HouseSession Sine Die New Act Creates the Financial Institutions Elder Abuse Reporting Act. Provides that a financial institution shall make an abuse report if an employee of the financial institution (i) has direct contact with an elder adult or reviews or approves an elder adult's financial documents, records, or transactions in connection with financial services provided by the financial institution to or for the elder adult, and (ii) observes or obtains knowledge of behavior, unusual circumstances, or transactions that leads the employee to know or have reasonable cause to suspect that the elder adult is the victim of financial abuse. Provides that an abuse report made under the Act is confidential. Provides that a financial institution shall establish and implement a training program to (i) assist employees in recognizing signs of potential financial abuse of an elder adult and (ii) inform employees about the requirement to file abuse reports provided by the Act. Provides for civil penalties for failure to file an abuse report. 5/23/2012HouseFiled with the Clerk by Rep. Jerry F. Costello, II 5/23/2012HouseAdded Chief Co-Sponsor Rep. Michelle Mussman 5/23/2012HouseAdded Chief Co-Sponsor Rep. Lawrence M. Walsh, Jr. 5/23/2012HouseAdded Chief Co-Sponsor Rep. Keith Farnham 5/23/2012HouseAdded Chief Co-Sponsor Rep. Daniel Biss 5/23/2012HouseAdded Co-Sponsor Rep. Fred Crespo 5/23/2012HouseAdded Co-Sponsor Rep. Jehan A. Gordon 5/23/2012HouseAdded Co-Sponsor Rep. Carol A. Sente 5/23/2012HouseFirst Reading 5/23/2012HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die