Idaho Capitol Watch
HB 323: CORPORATIONS – Adds to existing law to establish provisions regarding the protection of vulnerable adults from financial exploitation.
Adds new section 67-2763 to protect specified adults (65+ or impaired 18+) from financial exploitation by authorizing financial institutions, broker-dealers, and investment advisers to report suspicions to authorized agencies, place temporary holds on transactions (up to 30 days), and share records. Provides immunity for good faith actions. Effective July 1, 2025.
Status
Signed by Governor (March 25, 2025) · Originated in the Idaho House · Introduced February 25, 2025
Sponsors
- WAYS AND MEANS COMMITTEE
Committees
- JRA for Printing
Bill history
- March 12, 2025 — Senate: Read second time; filed for Third Reading
- March 17, 2025 — Senate: Read third time in full – PASSED - 30-4-1AYES – Adams, Bearg(Rabe), Bernt, Bjerke, Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Galloway, Grow, Guthrie, Harris, Hart, Keyser, Lakey, Lenney, Lent, (passed)
- March 18, 2025 — House: Reported Enrolled; Signed by Speaker; Transmitted to Senate
- March 18, 2025 — Senate: Received from the House enrolled/signed by Speaker
- March 18, 2025 — Senate: Signed by President; returned to House
- March 19, 2025 — Senate: Returned Signed by the President; Ordered Transmitted to Governor
- March 20, 2025 — Senate: Delivered to Governor at 11:40 a.m. on March 19, 2025
- March 25, 2025 — Senate: Reported Signed by Governor on March 24, 2025 Session Law Chapter 156 Effective: 07/01/2025
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