2011 Senate Bill 459 / 2012 Public Act 172

Increase financial exploitation of vulnerable adult penalties

Introduced in the Senate

June 15, 2011

Introduced by Sen. Judy Emmons (R-33)

To increase the penalties for the crime of committing or attempting financial exploitation or embezzlement of a vulnerable adult’s assets. Serious violations as defined in the bill would be punishable by up to 20 years in prison.

Referred to the Committee on Families, Seniors, and Human Services

Oct. 4, 2011

Reported without amendment

With the recommendation that the bill pass.

Nov. 2, 2011

Passed in the Senate 37 to 0 (details)

Received in the House

Nov. 2, 2011

Referred to the Committee on Families, Children and Seniors

March 20, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 22, 2012

Amendment offered by Rep. Dian Slavens (D-21)

To tie-bar the bill to a number of bills requiring financial institutions to disclose to individuals opening a joint account the particular characteristics of these accounts. "Tie-bar" means this bill cannot become law unless those other ones also become law.

The amendment failed by voice vote

May 29, 2012

Passed in the House 110 to 0 (details)

To increase the penalties for the crime of committing or attempting financial exploitation or embezzlement of a vulnerable adult’s assets. Serious violations as defined in the bill would be punishable by up to 20 years in prison.

Signed by Gov. Rick Snyder

June 19, 2012