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Senate Bill S8072A

2025-2026 Legislative Session

Establishes an elder financial exploitation public awareness campaign

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Current Bill Status - In Senate Committee Aging Committee

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Bill Amendments

2025-S8072 - Details

Current Committee:
Senate Aging
Law Section:
Elder Law
Laws Affected:
Add §226, Eld L

2025-S8072 - 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-S8072 - Sponsor Memo

2025-S8072 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8072
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 15, 2025
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Aging
 
 AN ACT d* 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.
                                                            LBD13102-01-5
 S. 8072                             2

2025-S8072A (ACTIVE) - Details

Current Committee:
Senate Aging
Law Section:
Elder Law
Laws Affected:
Add §226, Eld L

2025-S8072A (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-S8072A (ACTIVE) - Sponsor Memo

2025-S8072A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8072--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 15, 2025
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be  committed  to  the  Committee  on  Aging  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 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;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13102-03-5
 S. 8072--A                          2

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