This bill amends the Uniform Securities Act in Idaho by adding a new section, 30-14-511, which establishes provisions aimed at protecting certain adults from financial exploitation. The bill defines key terms such as "financial exploitation," "specified adult," and "reporting person," and outlines the responsibilities of financial institutions and reporting persons when they suspect financial exploitation of adults aged 65 and older or those with mental or physical impairments. It allows reporting persons to notify authorized agencies and associated third parties if they believe exploitation has occurred or is likely to occur, while ensuring the confidentiality of the reporting person’s identity.

Additionally, the bill permits reporting persons to place a temporary hold on transactions involving specified adults if they have reasonable belief of financial exploitation. The hold can last up to 15 business days, extendable to 30 days under certain conditions, and must be communicated to relevant parties. The bill also provides immunity from civil or administrative liability for reporting persons acting in good faith, while allowing authorized agencies to disclose the status of investigations to the reporting persons. The act is set to take effect on July 1, 2025, due to an emergency declaration.