Senate bill · S6150 (2025-26)

Relates to the report of suspected financial exploitation

Latest action May 28, 2026

New York State Senate

Sponsor

State Senator, District 21 · Democratic/Working Families

Summary

Relates to the reporting of suspected financial exploitation; requires the superintendent of the department of financial services to develop guidelines relating to reporting suspected financial exploitation; provides that a third party who reports suspected financial abuse shall have immunity from any civil or criminal liability as a result.

Summary from NY Open Legislation. How we handle summaries

Amends the Banking Law.

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 22, 2026. About our data

Following needs an Agora account. You will sign in first, then come back to this page.

Your position on this bill

Choose the position closest to yours. You'll sign in or create an account to save it.

Purpose, from the sponsor's memo

To encourage voluntary reporting of suspected financial exploitation.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Where it stands

Passed one of the two chambers; it still needs the other.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

Banks · New York State Assembly

Also referred to Banks · New York State Senate.

Cosponsors

Jamaal Bailey, James Sanders Jr. and 3 more on Agora

Showing the cosponsors who are on Agora, A to Z. The official record may list more.

Read on NY Senate

Democratic5

Shown in neutral colors by design; Agora is non-partisan.

The sponsor's argument

Why Kevin S. Parker says this is needed

Financial exploitation is a large and quickly growing segment of elder abuse. Seniors are not always very savvy with money, and, as their faculties fade, they sometimes become targets for scam artists and undue influence. Financial institutions are often in a prime position to notice changes in behavior or suspicious patterns of withdrawals and investments. Fear of being sued, especially if the abuser is a family member, has been raised as a barrier to voluntary reporting by employees of financial institutions. This bill would protect those who report suspected financial exploitation, but only if the report is made by following guidelines set by the Department of Financial Services.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Recorded votes

Vote: Floor vote
NY SenateMay 28, 2026Result: passed
(60) (0) (0) (3)
Vote: Committee vote · Banks
Senate BanksMay 12, 2026Result: passed
(7) (0) (0) (0)
Vote: Floor vote
NY SenateJun 9, 2025Result: passed
(62) (0) (0) (1)
Vote: Committee vote · Rules
Senate RulesJun 9, 2025Result: passed
(20) (1) (0) (0)

Full history

May 28, 2026
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
May 28, 2026
Passed a chamber
PASSED SENATE
NY Senate
May 14, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
May 13, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate
May 12, 2026
1ST Report CAL.1030
1ST REPORT CAL.1030
NY Senate

Show full history (8 earlier events)

Jan 7, 2026
Died in Assembly
DIED IN ASSEMBLY
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO BANKS
NY Senate
Jun 9, 2025
In committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
NY Senate
Jun 9, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Jun 9, 2025
Ordered to Third Reading CAL.1692
ORDERED TO THIRD READING CAL.1692
NY Senate
Jun 9, 2025
Passed a chamber
PASSED SENATE
NY Senate
Jun 9, 2025
Referred to committee
REFERRED TO BANKS
NY Assembly
Mar 5, 2025
Referred to committee
REFERRED TO BANKS
NY Senate