Lower Bucks Today

Rep. Joe Hogan of Bucks County announced the passage of his legislation designed to protect seniors from financial exploitation in the House with strong bipartisan support.

The bill, known as House Bill 2064, aims to bolster protections by authorizing mandatory reporting and disclosure of essential records to state investigators. It also permits financial institutions and fiduciaries to temporarily delay transactions suspected of being linked to financial exploitation and engage in judicial proceedings to safeguard older adults.

Additionally, the bill facilitates the sharing of information and records between financial institutions, fiduciaries, and area agencies on aging. Financial institutions and fiduciaries would be immune from civil or criminal liability when they choose to report, share records, provide information to area agencies on aging, or temporarily delay financial transactions.

"This is great news for older Pennsylvanians," said Hogan. "When I held a hearing on the increase of scams and fraud in March of this year, we learned tens of thousands of dollars are lost every week in Bucks County to these types of criminal acts. This kind of legislation has been discussed for over a decade in Harrisburg but with no movement. I’m glad we were able to get this done and hopefully to the governor’s desk. Seniors' hard-earned money is at stake."

House Bill 2064 will now proceed to the Senate for concurrence.