Virginia · 2025 Regular Session · Bill
HB 373: Financial institutions; reporting financial exploitation of elderly or 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
HB 373 is a bill introduced in the Virginia House on January 6, 2024. According to its official title, it concerns: Financial institutions; reporting financial exploitation of elderly or vulnerable adults. Primary sponsor: Michael Feggans (Democratic). It lists 2 additional sponsors. Most recent recorded action (November 18, 2024): Left in Labor and Commerce.
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.
Financial institutions; reporting financial exploitation of elderly or vulnerable adults. Permits a financial institution, as defined in the bill, to allow an elderly or vulnerable adult, as defined in the bill, to submit and periodically update a list of trusted persons whom such financial institution or financial institution staff, as defined in the bill, may contact in the case of suspected financial exploitation of such adult. In such a case, the bill also allows a financial institution or financial institution staff to convey such suspicion to one or more certain individuals, provided that the recipient of such conveyance is not the suspected perpetrator of financial exploitation. The bill provides that a financial institution or financial institution staff shall be immune from any criminal, civil, or administrative liability for any act taken or omission made in accordance with the bill's provisions.
Sponsors
Sponsors by party (alphabetical): Democratic 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Michael Feggans | Primary sponsor | Democratic | House | 97 |
| Dan Helmer | Co-sponsor | Democratic | House | 10 |
| Rip Sullivan | Co-sponsor | Democratic | House | 6 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Labor and Commerce
- Continued to 2025 in Labor and Commerce (Voice Vote)
- Subcommittee recommends continuing to 2025 (Voice Vote)
- Impact statement from SCC (HB373)
- Assigned L & C sub: Subcommittee #1
- Referred to Committee on Labor and Commerce
- Prefiled and ordered printed; offered 01/10/24 24101336D