Mandated reporters of suspected financial abuse of an elder or dependent adult.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Enacted

Summary

AB 871 expands who must report suspected financial abuse of elders or dependent adults to include every officer and employee of a financial institution. It forces those reporters to notify local adult‑protective services or law enforcement and the FBI within two business days, and it requires banks and credit unions to train staff each year on how to do so. The bill also adds rules for reporting when multiple staff members know of abuse, for clients in long‑term care, and for handling questionable powers of attorney.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6310.). · Aug 20, 2026

Hearings

• Judiciary Committee Hearing
  Judiciary · Jun 30, 2026
• Banking and Financial Institutions Committee Hearing
  Banking and Financial Institutions · Jun 17, 2026
• Judiciary Committee Hearing
  Judiciary · Jan 15, 2026
• Banking and Finance Committee Hearing
  Banking and Finance · Jan 12, 2026

History

1. May 6, 2026Referred to Coms. on B. & F.I. and JUD.
2. Jan 22, 2026Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 3807.)
3. Jan 22, 2026In Senate. Read first time. To Com. on RLS. for assignment.
4. Jan 20, 2026Read second time. Ordered to third reading.
5. Jan 20, 2026Measure version as amended on January 16 corrected.
6. Jan 16, 2026Read second time and amended. Ordered returned to second reading.
7. Jan 15, 2026From committee: Amend, and do pass as amended. (Ayes 12. Noes 0.) (January 15).
8. Jan 13, 2026From committee: Do pass and re-refer to Com. on JUD. (Ayes 8. Noes 0.) (January 12). Re-referred to Com. on JUD.
9. Jan 13, 2026Coauthors revised.
10. Jan 8, 2026Assembly Rule 56 suspended. (Page 3717.)
11. Jan 8, 2026(Pending re-refer to Com. on JUD.)
12. Mar 28, 2025Referred to Coms. on B.&F. and JUD.

The 12 most recent of 14 recorded actions.

Sponsors

• Catherine Stefani (D) · sponsor
• Bauer-Kahan
• Connolly
• Dixon
• Harabedian
• Kalra
• Pacheco
• Papan
• Schiavo
• Stefani
• Zbur

Bill text

Opens the legislature’s own copy.

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