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
5. METHODS FOR OLDER ADULTS TO REPORT POTENTIAL OR ACTUAL INSTANCES OF
FINANCIAL EXPLOITATION;
6. STRATEGIES FOR OLDER ADULTS TO PROTECT AGAINST FINANCIAL EXPLOITA-
TION; AND
7. RESOURCES FOR VICTIMS OF FINANCIAL EXPLOITATION, INCLUDING THE
SERVICES PROVIDED THROUGH THE ELDER ABUSE ENHANCED MULTIDISCIPLINARY
TEAM PROGRAM, AS ESTABLISHED BY SECTION TWO HUNDRED TWENTY-FIVE OF THIS
TITLE.
§ 2. This act shall take effect immediately.