2025 Regular SessionWest Virginia Legislature

HB3294: Enacting the Bank Protections for Eligible Adults from Financial Exploitation Act

Legislative Summary

The purpose of this bill is to provide banking protections for eligible adults from financial exploitation by permitting depository institutions, broker-dealers, and investment advisors to delay, refuse, or prevent certain activities and financial transactions when an entity or employer suspects financial exploitation of an elder adult or incapacitated adult may be at issue. This bill further permits disclosure of such activity or financial transaction to an eligible adults' authorized third-party as well as a designated state agency.

Demographic Impact

Overall analysis of equity impact

90% Positive
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Bill History

3/10/2025
Filed for introduction
House of Delegates
3/10/2025
To Finance
House of Delegates
3/10/2025
Introduced in House
House of Delegates
3/10/2025
To House Finance
House of Delegates
3/27/2025
By substitute, do pass
House of Delegates
3/28/2025
On 1st reading, Special Calendar
House of Delegates
3/28/2025
Read 1st time
House of Delegates
3/31/2025
On 2nd reading, Special Calendar
House of Delegates
3/31/2025
Read 2nd time
House of Delegates
4/1/2025
On 3rd reading, Special Calendar
House of Delegates
4/1/2025
Read 3rd time
House of Delegates
4/1/2025
Passed House (Roll No. 321)
House of Delegates
4/1/2025
Communicated to Senate
House of Delegates
4/3/2025
Introduced in Senate
Senate
4/3/2025
To Judiciary
Senate
4/3/2025
To Judiciary
Senate
4/9/2025
Without recommendation, but first rereferred to Judiciary
Senate
4/9/2025
Immediate consideration
Senate
4/9/2025
Read 1st time
Senate
4/9/2025
On 2nd reading, rereferred to Judiciary
Senate
4/10/2025
Reported do pass, with amendment
Senate
4/10/2025
Immediate consideration
Senate
4/10/2025
Read 2nd time
Senate
4/10/2025
Committee amendment adopted (Voice vote)
Senate
4/11/2025
On 3rd reading
Senate
4/11/2025
Read 3rd time
Senate
4/11/2025
Passed Senate (Roll No. 494)
Senate
4/11/2025
Title amendment adopted
Senate
4/11/2025
Senate requests House to concur
Senate
4/12/2025
House received Senate message
House of Delegates
4/12/2025
House refused to concur; requested Senate to recede (Voice)
House of Delegates
4/12/2025
Communicated to Senate
House of Delegates

Amendments

hb3294 sfat stuart _1 4-9

hb3294 sfat stuart _1 4-9

4/9/2025Not Adopted

hb3294 s jud am _1 4-9

hb3294 s jud am _1 4-9

4/9/2025Not Adopted

hb3294 s jud am _1 4-9 adopted

hb3294 s jud am _1 4-9 adopted

4/9/2025Adopted

hb3294 sfat stuart _1 4-9 adopted

hb3294 sfat stuart _1 4-9 adopted

4/9/2025Adopted

Roll Call Votes

Passed Senate (Roll No. 494)
4/11/2025
34
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Passed House (Roll No. 321)
4/1/2025
96
Yea
1
Nay
0
Not Voting
3
Absent
Result: PASSED

Status Information

Current Status
Engrossed(4/1/2025)
Chamber
House of Delegates

Documents

Introduced
Bill Text1/1/197022.5 KB
Comm Sub
Bill Text1/1/197021.6 KB
Engrossed
Bill Text1/1/197021.7 KB