SB1551Introduced in the Senate
AGING-FINANCIAL EXPLOITATION
Introduced by Steve Stadelman, District 34
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Adult Protective Services Act. Expands the list of mandated reporters under the Act to include a broker-dealer and any qualified individual who serves in a supervisory, compliance, or legal capacity for a broker-dealer or investment advisor. Permits a broker-dealer or investment advisor to delay a disbursement or transaction from an account of an eligible adult or an account on which an eligible adult is a beneficiary in cases of suspected financial exploitation. Sets forth certain actions a broker-dealer or investment advisor must take, including notifying the Department on Aging and the Illinois Securities Department within the Office of the Secretary of State, of the requested disbursement or transaction. Contains provisions setting forth conditions upon which a delay of a disbursement or transaction shall expire; immunity for delaying disbursements or transactions; and financial records access. Makes conforming changes throughout the Act. Expands the definition of "financial exploitation" to include (1) the wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of an eligible adult; or (2) any act or omission taken by a person, including through the use of a power of attorney, guardianship, or conservatorship of an eligible adult, to: (A) obtain control over the eligible adult's money, assets, or property; or (B) convert money, assets, or property of the eligible adult through deception, intimidation, or undue influence in order to deprive such eligible adult of the ownership, use, benefit, or possession of his or her money, assets, or property.
Where it stands
Rule 19(a) / Re-referred to Rules Committee
May 9, 2025
How did lawmakers vote?
SenateStage: Third Reading in Senate · April 10, 2025
38
Yes
17
No
4
Absent or Not Voting
59 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Javier Cervantes | 1 | Yes |
| Omar Aquino | 2 | Not Voting |
| Mattie Hunter | 3 | Not Voting |
| Kimberly Lightford | 4 | Yes |
| Lakesia Collins | 5 | Yes |
| Sara Feigenholtz | 6 | Yes |
| Mike Simmons | 7 | Yes |
| Ram Villivalam | 8 | Yes |
| Laura Fine | 9 | Yes |
| Robert Martwick | 10 | Yes |
Bill history
Filed with Secretary by Sen. Steve Stadelman
First Reading
Referred to Assignments
Assigned to Judiciary
Postponed - Judiciary
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Steve Stadelman
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to Judiciary
Postponed - Judiciary
Senate Committee Amendment No. 1 Adopted
Do Pass as Amended Judiciary; 009-000-000
Placed on Calendar Order of 2nd Reading March 20, 2025
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Assignments Refers to Judiciary
Second Reading
Placed on Calendar Order of 3rd Reading April 9, 2025
Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 005-003-000
Added as Chief Co-Sponsor Sen. Mike Simmons
Recalled to Second Reading
Senate Floor Amendment No. 2 Adopted; Stadelman
Placed on Calendar Order of 3rd Reading
Third Reading - Passed; 038-017-001
Added as Chief Co-Sponsor Sen. Lakesia Collins
Arrived in House
Chief House Sponsor Rep. Dave Vella
First Reading
Referred to Rules Committee
Assigned to Judiciary - Civil Committee
Rule 19(a) / Re-referred to Rules Committee
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