HB3294 SFAT Stuart #1 4-9

Carlisle  7888

Senator Stuart moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. House Bill 3294—A Bill amend the Code of West Virginia, 1931, as amended, by adding thereto a new article,  designated §31A-2C-1, §31A-2C-2, §31A-2C-3, §31A-2C-4, §31A-2C-5, §31A-2C-6, and  §31A-2C-7, relating to enacting banking and financial services provider protections for eligible adults from financial  exploitation; providing findings, purpose, and intent; providing definitions; permitting disclosure of eligible persons financial  information to certain third parties and designated government agencies; authorizing depository institutions, broker-dealers, and investment advisors to delay, refuse, or prevent certain activities and transactions to prevent financial exploitation of an eligible adult; and providing that this article shall not serve as the basis for any private cause of action against depository institutions, broker-dealers, or investment advisors, or their employees, acting in good faith.

Adopted

Rejected