An Act establishing a commission to study the financial abuse of elders
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes a commission to study financial abuse experienced by elders in Massachusetts. The commission will be composed of diverse representatives, including legislators, attorneys, advocates, and representatives from financial institutions and Councils on Aging. It will investigate the causes and impact of this abuse, examine lending practices targeting seniors, and analyze fraudulent schemes. The commission’s goal is to develop policy recommendations to prevent and better protect elders from financial exploitation.
Key provisions
- The commission will be comprised of representatives from the House and Senate.
- Members will include attorneys specializing in elder law, advocates for the elderly, and representatives from Councils on Aging.
- The commission will investigate the economic impact of financial abuse on seniors.
- It will examine lending practices targeting older adults.
- The commission will analyze exploitative transfers of property and fraudulent schemes.
- The commission will develop policy recommendations to combat elder financial abuse.
- The commission’s final report must be submitted by December 31, 2026.
Who is affected
- Elderly individuals (age 60 and older)
- Their families
- Financial institutions
- Advocacy groups for the elderly
- Councils on Aging
Notable changes
Bill text
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Sponsors
Official sponsors from legislative records.
11 on record
Primary sponsor
Joint Committee on Aging and Independence
Cosponsors
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