The proposed bill establishes the "Elderly and Disabled Adult Contract Protection Act," which aims to safeguard the rights of elderly individuals and disabled adults in contractual agreements. It mandates that all contracts involving these parties be presented in their primary language and requires a comprehensive review of the contract to ensure understanding before signing. This review must include a detailed explanation of the contract's terms and implications. Additionally, the contracting party is required to record a video of the contracting process, which must capture the review and the signing, ensuring that the individual is not under duress. The video must be securely stored for a minimum of five years and can only be accessed with the consent of the elderly person or disabled adult, or as required by law.

The bill also outlines penalties for non-compliance, with fines reaching up to $10,000 for first offenses and $25,000 for subsequent violations. Individuals harmed by violations of the act are granted the right to pursue civil remedies, including contract rescission and damages. This legislation is set to take effect on July 1, 2026, and aims to enhance protections for vulnerable populations in contractual situations.