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H4749 • 2025

An Act establishing a commission to study the financial abuse of elders

An Act establishing a commission to study the financial abuse of elders

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Aging and Independence
Last action
2026-01-28
Official status
Referred to House Committee on Ways and Means
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act establishing a commission to study the financial abuse of elders

An Act establishing a commission to study the financial abuse of elders Status: Referred to House Committee on Ways and Means

What This Bill Does

  • An Act establishing a commission to study the financial abuse of elders Status: Referred to House Committee on Ways and Means

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-28 House

    Committee recommended ought to pass and referred to the committee on House Ways and Means

  2. 2025-12-15 House

    Discharged to the committee on House Rules

  3. 2025-11-20 House

    Reported from the committee on Aging and Independence

  4. 2025-11-20 House

    New draft of H772

  5. 2025-11-20 House

    Bill reported favorably by committee and referred to the committee on Rules of the two branches, acting concurrently

Official Summary Text

An Act establishing a commission to study the financial abuse of elders
Status:
Referred to House Committee on Ways and Means

Current Bill Text

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Bill H.4749

(a) The Massachusetts General Court shall initiate a commission to study and draft policies to combat the financial abuse of elders in the Commonwealth.

(1)

Said Commission shall have three members of the Massachusetts House of Representatives, two appointed by the Speaker of the House and one appointed by the Minority Leader;

(2)

Said Commission shall have three members of the Massachusetts Senate, two appointed by the President of the Senate and one appointed by the Minority Leader;

(3)

Said commission shall have two attorneys, admitted to the Massachusetts Bar, who specialize in elder and estate law;

(4)

Said Commission shall have a representative from an advocacy group, operating in Massachusetts, which has a history of advocating for the interests of the elder population in the Commonwealth;

(5)

Said Commission shall have two representatives who are employed by Councils on Aging in the Commonwealth or any organization responsible for administering protective services to elders in the Commonwealth; and

(6)

Said Commission shall have a representative from an association or advocacy group, operating in Massachusetts, which has a history of advocating on behalf of the real estate industry.

(7)

Said Commission shall have a representative from an association or advocacy group, operating in Massachusetts, which has a background in the financial services industry

(8)

Said Commission shall have a representative from the Massachusetts Bankers Association, Inc.

(9)

Said Commission shall have a representative from the Cooperative Credit Union Association, Inc.

(b)

The commission will specifically study

(1)

The economic impact and mechanisms of financial abuse on those over age 60 in the Commonwealth;

(2)

The lending and refinancing practices of companies who target customers above the age of 60;

(3)

Exploitative transfers of real estate or other valuable property from dependent elders to fiduciaries for significantly less than market value;

(4)

Fraudulent or deceptive schemes that target elderly persons in the Commonwealth through telemarketing, the internet, or other means; and

(5)

Any other form of elder financial abuse.

(c)

Said commission shall file a report that includes policy recommendations prevent or better protect elders from financial abuse.The report shall be filed with the clerks of the house of representatives and the senate. chamber, as well as the Chairmen of the the joint committee aging and independence and the joint committee on financial services, no later than December 31st, 2026.

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