Louisiana HB950: CONSUMERS/PROTECTION: Provides for consumer protection for the elderly (EN SEE FISC NOTE GF EX See Note)

What the bill says

An act To enact R.S. 46:939, relative to the consumer protection for the elderly; to provide for legislative intent and purpose; to provide for creation of an educational program and materials; to provide for distribution; and to provide for related matters.

From the introduced text:

AN ACT To enact R.S. 46:939, relative to the consumer protection for the elderly; to provide for legislative intent and purpose; to provide for creation of an educational program and materials; to provide for distribution; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 46:939 is hereby enacted to read as follows: §939. Pension protection and retirement income support and guidance program; creation; distribution A.(1) The legislature finds that seniors of this state constitute a valued and growing segment of this state’s population who have contributed substantially to its economic and social fabric yet frequently rely upon pensions, retirement savings, Social Security, and fixed incomes that are vulnerable to aggressive marketing of complex financial products, economic hardships arising from increased longevity, healthcare costs, inflation, financial exploitation, and other unforeseen circumstances. (2) It is therefore the purpose of this Act to safeguard the financial security, dignity, and independence of these citizens by developing comprehensive, accessible educational materials and resources for seniors and their caregivers on the effective management of pensions and retirement income, clear explanations of financial products commonly marketed to seniors, recognition and prevention of financial Page 1 of CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 26RS-753 ORIGINAL HB NO. exploitation, strategies for …

Read the full official text

Sponsors

• Boyd, Delisha (D, 102) · primary sponsor
• Adams, Roy (D, 62)
• Bayham Jr., Michael (R, 103)
• Boudreaux, Doyle (R, 39)
• Brass, Ken (D, 58)
• Carpenter, Barbara (D, 63)
• Carver, Kim (R, 89)
• Chassion, Tehmi (D, 44)
• Fisher, Adrian (D, 16)
• Freeman, Aimee (D, 98)
• Henry, Dana (D, 100)
• Jackson, Steven (D, 2)

Latest actions

1. June 12, 2026: Vetoed by the Governor.
2. May 28, 2026: Sent to the Governor for executive approval.
3. May 27, 2026: Signed by the President of the Senate.
4. May 27, 2026: Enrolled and signed by the Speaker of the House.
5. May 26, 2026: Received from the Senate without amendments.
6. May 26, 2026: Rules suspended. Read by title, passed by a vote of 37 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
7. May 25, 2026: Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
8. May 21, 2026: Read by title and referred to the Legislative Bureau.
9. May 20, 2026: Reported favorably.
10. May 12, 2026: Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.

Votes

• Senate Vote on HB 950, FINAL PASSAGE (#1344) (May 26, 2026): 37 yea, 0 nay, passed
• House Vote on HB 950, FINAL PASSAGE (#971) (May 7, 2026): 97 yea, 0 nay, passed

Common questions

What is HB950?

HB950 is a bill in the Louisiana Legislature (2026 Regular Session): CONSUMERS/PROTECTION: Provides for consumer protection for the elderly (EN SEE FISC NOTE GF EX See Note).

What does HB950 do?

In its own words: An act To enact R.S. 46:939, relative to the consumer protection for the elderly; to provide for legislative intent and purpose; to provide for creation of an educational program and materials; to provide for distribution; and to provide for related matters.

What is the status of HB950?

Vetoed as of June 12, 2026. Latest action: Vetoed by the Governor. (June 12, 2026).

Who sponsored HB950?

Boyd, Delisha (D, 102), with 11 co-sponsors.

Where is the official record for HB950?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=HB950