Fabio
8.9 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
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| Bill | Financial institutions; reporting financial exploitation of elderly or vulnerable adults. | Financial institutions; reporting financial exploitation of senior citizens. Requires each financial institution with more than 20 employees to conduct a training to instruct the employees and officers of such financial institution on how to identify and report the suspected financial exploitation of a senior citizen, as defined in the bill, internally at such financial institution, to a designated trusted contact, as defined in the bill, and to the Federal Bureau of Investigation (FBI), the Department of Aging and Rehabilitative Services, and local law-enforcement authorities. The bill permits financial institutions with fewer than 20 employees to opt to provide such training in accordance with the bill's provisions. The bill requires an employee or officer of a financial institution who has received such training and reasonably believes that the financial exploitation of a senior citizen has occurred to promptly report such suspected financial exploitation to the FBI, the Department, and local law-enforcement authorities and permits such employee or officer to report such financial exploitation to any designated trusted contact unless such employee or officer reasonably believes that such trusted contact is involved in financial exploitation or other abuse of such senior citizen. The bill provides that no employees or officers who have received training pursuant to the bill's provisions shall be liable for disclosures pursuant to the bill's provisions if such disclosure was made in good faith and with reasonable care. The bill states that no financial institution that has provided training pursuant to the bill's provisions shall be liable for disclosures made by employees or officers of such financial institution pursuant to the bill's provisions. | us/states/va | Virginia General Assembly | 2024 | HB 692 | Virginia HB 692 (2024) |
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enacted |
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4 | 38 | 7 | 2024-01-09 | 2024-04-05 | openstates | ocd-bill/e8806844-c04c-454c-8f05-c0d8d8b3856a | https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB692 | c78deb441ee8b8abe7108349c1ddd8bc162b5fb38c48fc2b6f412f55bd8afd26 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia HB 692 (2024) — Financial institutions; reporting financial exploitation of elderly or vulnerable adults.
Financial institutions; reporting financial exploitation of senior citizens. Requires each financial institution with more than 20 employees to conduct a training to instruct the employees and officers of such financial institution on how to identify and report the suspected financial exploitation of a senior citizen, as defined in the bill, internally at such financial institution, to a designated trusted contact, as defined in the bill, and to the Federal Bureau of Investigation (FBI), the Department of Aging and Rehabilitative Services, and local law-enforcement authorities. The bill permits financial institutions with fewer than 20 employees to opt to provide such training in accordance with the bill's provisions. The bill requires an employee or officer of a financial institution who has received such training and reasonably believes that the financial exploitation of a senior citizen has occurred to promptly report such suspected financial exploitation to the FBI, the Department, and local law-enforcement authorities and permits such employee or officer to report such financial exploitation to any designated trusted contact unless such employee or officer reasonably believes that such trusted contact is involved in financial exploitation or other abuse of such senior citizen. The bill provides that no employees or officers who have received training pursuant to the bill's provisions shall be liable for disclosures pursuant to the bill's provisions if such disclosure was made in good faith and with reasonable care. The bill states that no financial institution that has provided training pursuant to the bill's provisions shall be liable for disclosures made by employees or officers of such financial institution pursuant to the bill's provisions.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- CHAP0530 (committee substitute) — source
- Committee substitute printed 24105750D-H1 (committee substitute) — source
- HB692ER (committee substitute) — source
- Prefiled and ordered printed; offered 01/10/24 24104983D (committee substitute) — source
Votes
- VOTE: Adoption (96-Y 0-N) — 95–0 (pass) · lower
- Passed Senate with amendments (40-Y 0-N) — 40–0 (pass) · upper
- Subcommittee recommends reporting with substitute (7-Y 0-N) — 7–0 (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
- VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
- Reported from Commerce and Labor with amendment (15-Y 0-N) — 15–0 (pass) · upper
- Reported from Labor and Commerce with substitute (21-Y 0-N) — 21–0 (pass) · lower
Sponsors
- Michelle Lopes Maldonado — primary (person)
- Adele Y. McClure — cosponsor (person)
- Irene Shin — cosponsor (person)
- Karen Keys-Gamarra — cosponsor (person)
- Marcia S. "Cia" Price — cosponsor (person)
- Rozia A. Henson, Jr. — cosponsor (person)
- Vivian E. Watts — cosponsor (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2024-01-09 Prefiled and ordered printed; offered 01/10/24 24104983D
filing, introduction - 2024-01-09 Referred to Committee on Labor and Commerce
referral-committee - 2024-01-16 Assigned L & C sub: Subcommittee #1
referral-committee - 2024-01-23 House subcommittee amendments and substitutes offered
- 2024-01-23 Subcommittee recommends reporting with substitute (7-Y 0-N)
substitution - 2024-01-25 Reported from Labor and Commerce with substitute (21-Y 0-N)
committee-passage - 2024-01-25 Committee substitute printed 24105750D-H1
substitution - 2024-01-29 Read first time
reading-1 - 2024-01-30 Read second time
reading-2 - 2024-01-30 Committee substitute agreed to 24105750D-H1
substitution - 2024-01-30 Engrossed by House - committee substitute HB692H1
substitution - 2024-01-31 Read third time and passed House BLOCK VOTE (100-Y 0-N)
passage, reading-3 - 2024-01-31 VOTE: Block Vote Passage (100-Y 0-N)
passage - 2024-02-01 Constitutional reading dispensed
- 2024-02-01 Referred to Committee on Commerce and Labor
referral-committee - 2024-02-16 Impact statement from SCC (HB692H1)
- 2024-02-19 Senate committee, floor amendments and substitutes offered
- 2024-02-19 Reported from Commerce and Labor with amendment (15-Y 0-N)
committee-passage - 2024-02-21 Constitutional reading dispensed (40-Y 0-N)
- 2024-02-22 Read third time
reading-3 - 2024-02-22 Reading of amendment waived
- 2024-02-22 Committee amendment agreed to
amendment-passage - 2024-02-22 Reading of amendment waived
- 2024-02-22 Amendment by Senator Favola agreed to
amendment-passage - 2024-02-22 Engrossed by Senate as amended
- 2024-02-22 Passed Senate with amendments (40-Y 0-N)
passage - 2024-02-26 Senate amendments agreed to by House (96-Y 0-N)
amendment-passage - 2024-02-26 VOTE: Adoption (96-Y 0-N)
- 2024-02-29 Enrolled
enrolled - 2024-02-29 Bill text as passed House and Senate (HB692ER)
passage - 2024-02-29 Bill text as passed House and Senate reprinted (HB692ER)
passage - 2024-02-29 Signed by Speaker
passage - 2024-03-03 Signed by President
passage - 2024-03-05 Impact statement from SCC (HB692ER)
- 2024-03-11 Enrolled Bill communicated to Governor on March 11, 2024
enrolled, executive-receipt - 2024-03-11 Governor's Action Deadline 11:59 p.m., April 8, 2024
executive-receipt - 2024-04-05 Approved by Governor-Chapter 530 (effective 7/1/24)
executive-signature - 2024-04-05 Acts of Assembly Chapter text (CHAP0530)
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e8806844-c04c-454c-8f05-c0d8d8b3856a. Confidence: reported (aggregated from official Virginia legislature records).