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House Bill 93

Actions | Amendments
Last Action 04/10/18: signed by Governor (Acts, ch. 127)
Title AN ACT relating to the prevention of financial exploitation in financial accounts.
Bill Documents Current/Final
Introduced
Bill Request Number 281
Sponsor D. Elliott
Summary of Original Version 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.
Index Headings of Original Version Aged Persons and Aging - Eligible adults, exploitation of, disbursement delays permitting
Aged Persons and Aging - Eligible adults, require reporting of exploitation of
Disabilities and the Disabled - Eligible adults, permit disbursement delays for accounts of exploited
Disabilities and the Disabled - Eligible adults, require reporting of exploitation
Securities - Broker-dealers, exploitation, permit disbursement delays
Securities - Broker-dealers, require reporting of exploitation by
Securities - Investment advisors, disbursement delays, by permitting
Securities - Investment advisors, require reporting of exploitation
State Agencies - Cabinet for Health and Family Services, reporting by broker-dealers, requiring
State Agencies - Cabinet for Health and Family Services, reporting by investment advisors, requiring
State Agencies - Department of Financial Institutions, require reporting of exploitation to
Jump to Proposed Amendments House Committee Substitute 1
House Committee Amendment 1
Votes Vote History

Actions

Top | Amendments
01/02/18
  • introduced in House
01/04/18
  • to Health and Family Services (H)
02/16/18
  • posted in committee
02/27/18
  • posted in committee
03/01/18
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) and committee amendment (1-title)
03/02/18
  • 2nd reading, to Rules
03/06/18
  • posted for passage in the Consent Orders of the Day for Wednesday, March 7, 2018
03/07/18
  • 3rd reading, passed 95-0 with Committee Substitute (1) and committee amendment (1-title)
03/08/18
  • received in Senate
03/09/18
  • to Health & Welfare (S)
03/21/18
  • reported favorably, 1st reading, to Consent Calendar
03/22/18
  • 2nd reading, to Rules
03/27/18
  • posted for passage in the Consent Orders of the Day for Thursday, March 29, 2018
03/29/18
  • 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
04/10/18
  • signed by Governor (Acts, ch. 127)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary 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."
Index Headings Aged Persons and Aging - Accounts of specified adults, permit temporary holds of
Aged Persons and Aging - Specified adults, financial exploitation, allow reporting of
Banks and Financial Institutions - Qualified persons, financial exploitation, allow reporting by
Banks and Financial Institutions - Qualified persons, financial exploitation, permit temporary holds by
Disabilities and the Disabled - Accounts of specified adults, permit temporary holds of
Disabilities and the Disabled - Specified adults, financial exploitation, allow reporting of
Securities - Qualified persons, financial exploitation, allow reporting by
Securities - Qualified persons, financial exploitation, permit temporary holds by
Short Titles and Popular Names - Protection from Financial Exploitation Act
State Agencies - Cabinet for Health and Family Services, financial exploitation, allow reporting to
State Agencies - Department of Financial Institutions, financial exploitation, allow reporting to

Amendment House Committee Amendment 1
Sponsor D. Elliott
Summary Make title amendment.
Index Headings Title Amendments - Title Amendment

Last updated: 9/1/2020 2:57 PM (EDT)
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