Virginia Senate Bill 1490 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 18 2019 - 100% progression
Action: 2019-03-18 - Governor: Acts of Assembly Chapter text (CHAP0421)
Text: Latest bill text (Chaptered) [HTML]

Financial exploitation of aged or incapacitated adults; authority to refuse transactions or disbursements. Authorizes financial institution staff to refuse to execute a transaction, to delay a transaction, or to refuse to disburse funds, regardless of whether such staff has reported suspected financial exploitation, if the financial institution staff (i) believes in good faith that the transaction or disbursement may involve, facilitate, result in, or contribute to the financial exploitation of an aged or incapacitated adult or (ii) makes, or has actual knowledge that another person has made, a report to the local department of social services or adult protective services hotline stating a good faith belief that the transaction or disbursement may involve, facilitate, result in, or contribute to the financial exploitation of an aged or incapacitated adult. The measure authorizes financial institution staff to continue to refuse to execute a transaction, delay a transaction, or refuse to disburse funds for not more than 30 business days after the date such transaction or disbursement was initially requested on the basis of such a good faith belief, unless otherwise ordered by a court. The measure authorizes such staff, to the extent permitted by law, to report any information or records relevant to an investigation. A financial institution and its staff are immune from civil or criminal liability, absent gross negligence or willful misconduct, for refusing to execute a transaction, delaying a transaction, or refusing to disburse funds pursuant to this measure. This bill incorporates SB 1175 and is identical to HB 1987.

Aged or incapacitated adults; financial exploitation, authority to refuse transactions.

Sen. Mark Obenshain [R]

Sen. Jeremy McPike [D]

2019-02-22 - Senate - Senate: Conference report agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-22 - House - House: VOTE: ADOPTION (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2019-02-19 - Senate - Senate: Senate acceded to request (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2019-02-15 - Senate - Senate: House substitute rejected by Senate (0-Y 39-N) (Y: 0 N: 39 NV: 1 Abs: 0) [FAIL]
2019-02-13 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 98 N: 0 NV: 1 Abs: 0) [PASS]
2019-02-12 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-30 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-28 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2019-01-25 - Senate - Senate: Reported from Rehabilitation and Social Services with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-03-18		Governor: Acts of Assembly Chapter text (CHAP0421)
2019-03-18		Governor: Approved by Governor-Chapter 421 (effective 7/1/19)
2019-03-11		Governor: Governor's Action Deadline Midnight, March 26, 2019
2019-03-11	Senate	Enrolled Bill Communicated to Governor on March 11, 2019
2019-03-09	Senate	Signed by President
2019-03-07	House	Signed by Speaker
2019-03-07	Senate	Bill text as passed Senate and House (SB1490ER)
2019-03-07	Senate	Enrolled
2019-02-22	Senate	Conference report agreed to by Senate (40-Y 0-N)
2019-02-22	House	VOTE: ADOPTION (98-Y 0-N)
2019-02-22	House	Conference report agreed to by House (98-Y 0-N)
2019-02-22	Senate	Conference substitute printed 19107521D-S2
2019-02-22		Conference: Amended by conference committee
2019-02-20	House	Delegates: Ware, Hugo, Filler-Corn
2019-02-20	House	Conferees appointed by House
2019-02-19	Senate	Senators: Obenshain, McDougle, Spruill
2019-02-19	Senate	Conferees appointed by Senate
2019-02-19	Senate	Senate acceded to request (38-Y 0-N)
2019-02-18	House	House requested conference committee
2019-02-18	House	House insisted on substitute
2019-02-15	Senate	House substitute rejected by Senate (0-Y 39-N)
2019-02-13	House	VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
2019-02-13	House	Passed House with substitute BLOCK VOTE (98-Y 0-N)
2019-02-13	House	Engrossed by House - committee substitute SB1490H1
2019-02-13	House	Committee substitute agreed to 19106594D-H1
2019-02-13	House	Read third time
2019-02-12	House	Read second time
2019-02-12	House	Committee substitute printed 19106594D-H1
2019-02-12	House	Reported from Commerce and Labor with substitute (22-Y 0-N)
2019-02-04	House	Referred to Committee on Commerce and Labor
2019-02-04	House	Read first time
2019-02-04	House	Placed on Calendar
2019-01-30	Senate	Read third time and passed Senate (40-Y 0-N)
2019-01-29	Senate	Engrossed by Senate - committee substitute SB1490S1
2019-01-29	Senate	Committee substitute agreed to 19105408D-S1
2019-01-29	Senate	Reading of substitute waived
2019-01-29	Senate	Read second time
2019-01-28	Senate	Constitutional reading dispensed (37-Y 0-N)
2019-01-28	Senate	Incorporates SB1175 (McPike)
2019-01-25	Senate	Committee substitute printed 19105408D-S1
2019-01-25	Senate	Reported from Rehabilitation and Social Services with substitute (15-Y 0-N)
2019-01-17	Senate	Assigned Rehab sub: Subcommittee #2
2019-01-08	Senate	Referred to Committee on Rehabilitation and Social Services
2019-01-08	Senate	Prefiled and ordered printed; offered 01/09/19 19104181D

Chapter	Article	Section	Citation Type	Statute Text
63	2	1606	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+SB1490
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1490+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1490S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1490H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1490S2+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1490ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0421+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+S09V0037+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0215SB1490+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0243SB1490+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+H14V0167+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+HV2718+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0685SB1490+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0809SB1490+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+HV3281+SB1490
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV1024SB1490+SB1490