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---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- THE ELDER ADULT FINANCIAL EXPLOITATION PREVENTION ACT (Requires employees of regulated financial institutions to report suspected financial exploitation of elder adults to the office of healthy aging and provide authority to the regulated financial institution to place a temporary hold on transactions.)"
description: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- THE ELDER ADULT FINANCIAL EXPLOITATION PREVENTION ACT (Requires employees of regulated financial institutions to report suspected financial exploitation of elder adults to the office of healthy aging and provide authority to the regulated financial institution to place a temporary hold on transactions.)"
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2021"
identifier: "SB 264"
citation: "Rhode Island SB 264 (2021)"
classification: ["bill"]
subjects: ["Courts", "Financial Institutions", "Health & Safety", "Seniors"]
status: "enacted"
primary_sponsors: ["Burke", "Coyne", "Euer", "Seveney", "Sosnowski", "Valverde"]
version_count: 1
action_count: 15
vote_count: 2
first_action: "2021-02-10"
last_action: "2021-06-23"
source: "openstates"
source_identifier: "ocd-bill/be6283c5-f0ba-452c-ac12-aa107c51e0f4"
source_url: "https://status.rilegislature.gov/"
source_hash: "89246f1ba8fb4f6dbf72bfcb6ace22d0cf7a648ea5519b02b27bc241ca333b16"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ri"]
---
# Rhode Island SB 264 (2021) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- THE ELDER ADULT FINANCIAL EXPLOITATION PREVENTION ACT (Requires employees of regulated financial institutions to report suspected financial exploitation of elder adults to the office of healthy aging and provide authority to the regulated financial institution to place a temporary hold on transactions.)
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **264 SUB A** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText21/SenateText21/S0264A.pdf)
## Votes
- PREVENTION ACT — **340** (pass) · upper
- IN CONCURRENCE — **720** (pass) · upper
## Sponsors
- Burke — primary (person)
- Coyne — primary (person)
- Euer — primary (person)
- Seveney — primary (person)
- Sosnowski — primary (person)
- Valverde — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2021-02-10** 02/10/2021 Introduced, referred to Senate Judiciary `introduction, referral-committee`
- **2021-02-19** 02/19/2021 Scheduled for hearing and/or consideration (02/25/2021)
- **2021-02-25** 02/25/2021 Committee recommended measure be held for further study
- **2021-04-30** 04/30/2021 Scheduled for consideration (05/06/2021)
- **2021-05-05** 05/05/2021 Proposed Substitute
- **2021-05-06** 05/06/2021 Committee recommends passage of Sub A `committee-passage-favorable`
- **2021-05-07** 05/07/2021 Placed on Senate Calendar (05/11/2021)
- **2021-05-11** 05/11/2021 Senate passed Sub A `passage`
- **2021-05-12** 05/12/2021 Referred to House Corporations `referral-committee`
- **2021-06-11** 06/11/2021 Scheduled for consideration (06/15/2021)
- **2021-06-15** 06/15/2021 Committee recommends passage of Sub A in concurrence `committee-passage-favorable`
- **2021-06-18** 06/18/2021 Placed on House Calendar (06/22/2021)
- **2021-06-22** 06/22/2021 House passed Sub A in concurrence `passage`
- **2021-06-23** 06/23/2021 Transmitted to Governor `executive-receipt`
- **2021-06-23** 06/23/2021 Signed by Governor `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/be6283c5-f0ba-452c-ac12-aa107c51e0f4`. Confidence: reported (aggregated from official Rhode Island legislature records).