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Assembly Bill A8447

2025-2026 Legislative Session

Establishes an elder financial exploitation public awareness campaign

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Current Bill Status - In Senate Committee Rules Committee

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2025-A8447 (ACTIVE) - Details

See Senate Version of this Bill:
S8072
Current Committee:
Senate Rules
Law Section:
Elder Law
Laws Affected:
Add §226, Eld L

2025-A8447 (ACTIVE) - Summary

Establishes an elder financial exploitation public awareness campaign to educate older adults and persons providing care to older adults on the prevention and detection of financial exploitation.

2025-A8447 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8447
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 16, 2025
                                ___________
 
 Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
   Committee on Aging
 
 AN ACT to amend the elder law, in  relation  to  establishing  an  elder
   financial exploitation public awareness campaign
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The elder law is amended by adding a  new  section  226  to
 read as follows:
   §  226.  ELDER  FINANCIAL  EXPLOITATION PUBLIC AWARENESS CAMPAIGN. THE
 DIRECTOR, IN CONSULTATION WITH THE SUPERINTENDENT OF THE  DEPARTMENT  OF
 FINANCIAL  SERVICES,  IS  HEREBY  AUTHORIZED AND DIRECTED TO DEVELOP AND
 CONDUCT A PUBLIC AWARENESS CAMPAIGN TO EDUCATE OLDER ADULTS AND  PERSONS
 PROVIDING  CARE  TO  OR  WHO HAVE A FIDUCIARY RESPONSIBILITY TO AN OLDER
 ADULT ON THE PREVENTION AND DETECTION  OF  FINANCIAL  EXPLOITATION.  THE
 CAMPAIGN  MAY  UTILIZE  PUBLIC  FORUMS,  SOCIAL  MEDIA,  AND MASS MEDIA,
 INCLUDING BUT NOT LIMITED TO INTERNET, RADIO, AND PRINT ADVERTISING. THE
 DIRECTOR SHALL, AT A MINIMUM, INCLUDE  INFORMATIONAL  MATERIALS  ON  THE
 OFFICE'S  WEBSITE  AND  DISTRIBUTE SUCH MATERIALS TO EACH AREA AGENCY ON
 AGING IN THE STATE. SUCH MATERIALS SHALL INCLUDE, BUT NOT BE LIMITED TO,
 INFORMATION ON THE FOLLOWING:
   1. THE ESTIMATED NUMBER OF OLDER ADULTS WHO ARE VICTIMS  OF  FINANCIAL
 EXPLOITATION IN NEW YORK STATE AND THE AVERAGE AMOUNT OF MONEY LOST;
   2.  FACTORS  THAT  MAY INCREASE THE RISK OF FINANCIAL EXPLOITATION FOR
 OLDER ADULTS;
   3. COMMON TYPES OF FINANCIAL SCAMS AND FRAUD AND  INDICATORS  OF  SUCH
 TYPES OF FINANCIAL EXPLOITATION;
   4.  COMMON INDICATORS THAT AN OLDER ADULT MAY BE A VICTIM OF FINANCIAL
 EXPLOITATION;
   5. METHODS FOR OLDER ADULTS TO REPORT POTENTIAL OR ACTUAL INSTANCES OF
 FINANCIAL EXPLOITATION;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13102-02-5
 A. 8447                             2

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