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Read. Follow. Verify.Ohio Bill Allows Banks to Pause Suspected Fraud Transactions on Older Adults' Accounts
Last action · October 29, 2025: Referred to Financial InstitutionsSponsors: D.J. Swearingen and 1 other
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What This Bill Would Do
Banks and credit unions in Ohio can place a 15-business-day hold on financial transactions when they reasonably suspect of an eligible adult aged 60 or older. The measure, known as the Protect Our Parents Act, requires financial institutions to immediately report these holds in writing to state and county family services departments and grants legal immunity to institutions and employees acting in good faith.
Older adults and vulnerable account holders face up to a three-week freeze on disputed transactions while agencies investigate suspected scams, while bank employees gain statutory protection from civil lawsuits when they report or halt suspicious activity.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Eligible adults
Account holders aged 60 or older or protective services recipients may have their transactions temporarily frozen and receive institutional protections against financial exploitation.
Depository institutions
Banks, credit unions, and savings associations are authorized to place transaction holds, required to report them, and granted civil immunity for good-faith actions.
Trusted contacts
Designated individuals may be contacted by financial institutions regarding account concerns or transactional holds.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who qualifies as an eligible adult under this legislation?
How long can a bank hold a transaction under suspicion of fraud?
Who must be notified if a transaction hold is placed?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
2 actions- Oct 29, 2025HouseCommitteeReferred to Financial Institutions
- Oct 28, 2025HouseIntroducedIntroduced
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.legislature.ohio.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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