HB 794 KY Passed One Chamber
AN ACT relating to financial exploitation.
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Summary
Amend KRS 209.990 to add persons age 65 and older to who can be a victim of exploitation; increase the amount of money lost to a person who knowingly exploits a victim from more than $300 to more than $500 and increase the penalty from a Class C felony to a Class B felony; increase the amount of money lost to a person who wantonly or recklessly exploits a victim from more than $300 to more than $500 and increase the penalty from a Class D felony to a Class C felony; increase the amount of money lost to a person who knowingly, wantonly, or recklessly exploits a victim from $300 or less to $500 or less and increase the penalty from a Class A misdemeanor to a Class D felony; allow the Attorney General to demand the Governor of another state to surrender a person found in another state who is charged in Kentucky with exploitation; amend KRS 292.338 to require registered investment advisor representatives to complete at least 3 hours of continuing education covering financial exploitation each reporting period; amend KRS 365.245 to require a qualified person to create and maintain a record of a temporary hold, develop training policies and programs and conduct training on issues regarding financial exploitation, and develop, maintain, and enforce procedures regarding internal review before placing a temporary hold a specified adult's account.
Sponsors (7)
- M. Lockett Republican · primary
- M. Pollock Republican · primary
- C. Aull Democratic · primary
- G. Brown Jr. Democratic · primary
- B. Chester-Burton Democratic · primary
- D. Grossberg Democratic · primary
- K. Moser Republican · primary
Action history (9)
- Mar 2, 2026 introduced in House · lower
- Mar 2, 2026 to Committee on Committees (H) · lower
- Mar 9, 2026 to Banking & Insurance (H) · lower
- Mar 11, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
- Mar 12, 2026 2nd reading, to Rules · lower
- Mar 16, 2026 posted for passage in the Regular Orders of the Day for Tuesday, March 17 2026 · lower
- Mar 18, 2026 3rd reading, passed 94-0 with Committee Substitute (1) · lower
- Mar 19, 2026 received in Senate · upper
- Mar 19, 2026 to Committee on Committees (S) · upper
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