BILL ANALYSIS Ó AB 1293 Page 1 Date of Hearing: May 27, 2011 ASSEMBLY COMMITTEE ON APPROPRIATIONS Felipe Fuentes, Chair AB 1293 (Blumenfield) - As Amended: May 11, 2011 Policy Committee: Public SafetyVote: 7 - 0 Aging and Long Term Care 5 - 0 Urgency: No State Mandated Local Program: No Reimbursable: SUMMARY This bill authorizes a prosecuting agency to file a petition of forfeiture in criminal proceedings that allege theft or embezzlement of property worth $100,000 or more from an elder or dependent adult. FISCAL EFFECT Costs associated with this legislation would be minor and absorbable. COMMENTS Purpose . The intent of this legislation is to allow courts to freeze stolen assets in order to protect victims of elder or dependent adult abuse. Current law provides for the forfeiture of assets for embezzlement under a criminal profiteering scheme. Under these existing provisions, however, the defendant needs to have more than one instance of embezzlement or fraud in order to allow for their assets to be frozen. This bill makes an exception to that law by allowing assets to be frozen after just one instance of theft or embezzlement from an elder or dependent adult. Analysis Prepared by : Julie Salley-Gray / APPR. / (916) AB 1293 Page 2 319-2081