New York · 2025 Regular Session · Bill
S 1293: Prevents the financial exploitation of older and vulnerable adults
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1293 is a bill introduced in the New York Senate on January 9, 2025. According to its official title, it concerns: Prevents the financial exploitation of older and vulnerable adults. Primary sponsor: George Borrello (Republican/Conservative). It lists 2 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO CONSUMER PROTECTION.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Allows for investment advisers and firms to disclose potential financial exploitation of elderly and vulnerable adults to the commissioner of the department of financial services and to halt disbursements from an account if an adviser or firm believes that financial exploitation is occurring.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Republican/Conservative 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| George Borrello | Primary sponsor | Republican/Conservative | Senate | 57 |
| Peter Oberacker | Co-sponsor | Republican/Conservative | Senate | 51 |
| James Sanders | Co-sponsor | Democratic | Senate | 10 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO CONSUMER PROTECTION
- REFERRED TO CONSUMER PROTECTION