S 861
An Act relative to fiduciary responsibility
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill, titled ‘An Act relative to fiduciary responsibility,’ aims to establish clearer guidelines and accountability for individuals and entities acting in a fiduciary capacity, particularly within the healthcare sector. It seeks to strengthen oversight and ensure that those managing the assets or affairs of others – such as trustees, guardians, or healthcare providers – act in the best interests of those they serve. The bill intends to improve transparency and protect vulnerable individuals from potential abuse or mismanagement. It is currently being reviewed by the Health Care Financing committee.
Key provisions
- Establishes standards for fiduciary conduct.
- Requires reporting of certain transactions involving fiduciary assets.
- Addresses potential conflicts of interest.
- Clarifies responsibilities regarding beneficiary rights.
- Focuses on accountability within healthcare financing.
Who is affected
- Healthcare providers
- Trustees
- Guardians
- Beneficiaries of fiduciary arrangements
- The healthcare sector
Sponsors
Official sponsors from legislative records.
Primary sponsor
Ryan C. Fattman
Cosponsor
Ryan C. Fattman
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Bill S.861 194th (Current)
An Act relative to fiduciary responsibility
By Mr. Fattman, a petition (accompanied by bill, Senate, No. 861) of Ryan C. Fattman for legislation relative to fiduciary responsibility. Health Care Financing.
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Bill Information
Bill Information
Presenter: Ryan C. Fattman
Tabs
Bill History Petitioners Primary Sponsor Summary
Bill History
Displaying 4 actions for Bill S.861
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Health Care Financing |
| 2/27/2025 | House | House concurred |
| 7/3/2025 | Joint | Hearing scheduled for 07/15/2025 from 10:00 AM-04:00 PM in Gardner Auditorium |
| 1/29/2026 | Senate | Accompanied a study order, see S2931 |
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