HB93
WWW Version
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HB 93 (BR 281) - D. Elliott
AN ACT relating to prevention of exploitation in brokerage-financial accounts.
Create a new section of KRS Chapter 292 to require qualified individuals to report exploitation to the Cabinet for Health and Family Services and to the commissioner of the Department of Financial Institutions, to allow account disbursements to be delayed under certain circumstances if there is a reasonable belief that the disbursement may result in exploitation, to provide immunity from administrative, civil, or criminal liability for compliance with the Act, to require broker-dealers and investment advisors to provide access to or copies of certain records, and to provide an exemption from the Kentucky Open Records Act for certain records; amend KRS 209.020 to add the Department of Financial Institutions as an authorized agency; and amend KRS 209.030 to avoid duplicative reporting requirement.
AMENDMENTS
HCS1 - Create a new section of KRS Chapter 365 to allow qualified persons to report financial exploitation to certain state agencies and third parties; allow qualified persons to put a temporary hold on account transactions and disbursements under certain circumstances if there is a reasonable belief that the transaction or disbursement may result in financial exploitation; require qualified persons to provide access to or copies of certain records; provide an exemption from the Kentucky Open Records Act for certain records; allow authorized agencies to disclose the status or final dispostion of an investigation to notifying qualified persons; provide immunity from administrative or civil liability for good faith compliance with the Act; title the Act "Protection from Financial Exploitation Act."
HCA1( D. Elliott ) - Make title amendment.
HCA1( D. Elliott ) - Make title amendment.
Jan 02, 2018 - introduced in House
Jan 04, 2018 - to Health and Family Services (H)
Feb 16, 2018 - posted in committee
Feb 27, 2018 - posted in committee
Mar 01, 2018 - reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) and committee amendment (1-title)
Mar 02, 2018 - 2nd reading, to Rules
Mar 06, 2018 - posted for passage in the Consent Orders of the Day for Wednesday, March 7, 2018
Mar 07, 2018 - 3rd reading, passed 95-0 with Committee Substitute (1) and committee amendment (1-title)
Mar 08, 2018 - received in Senate
Mar 09, 2018 - to Health & Welfare (S)
Mar 21, 2018 - reported favorably, 1st reading, to Consent Calendar
Mar 22, 2018 - 2nd reading, to Rules
Mar 27, 2018 - posted for passage in the Consent Orders of the Day for Thursday, March 29, 2018
Mar 29, 2018 - 3rd reading, passed 37-0; received in House; enrolled, signed by Speaker of the House; enrolled, signed by President of the Senate; delivered to Governor
Apr 10, 2018 - signed by Governor (Acts, ch. 127)