This bill amends Chapter 27, Title 67 of the Idaho Code by adding a new section, 67-2763, which establishes provisions aimed at protecting certain adults from financial exploitation. The bill defines key terms such as "financial exploitation," "authorized agencies," "financial institution," "reporting person," and "specified adult." It allows reporting persons, which include broker-dealers, investment advisers, and financial institutions, to notify authorized agencies if they reasonably believe that financial exploitation of a specified adult has occurred or is likely to occur. The bill also mandates that any reports made to authorized agencies remain confidential and outlines the process for placing temporary holds on transactions involving specified adults when exploitation is suspected.

Additionally, the bill provides immunity from civil or administrative liability for reporting persons who act in good faith while disclosing information or placing holds on accounts. It specifies that notifications should not be made to individuals suspected of financial exploitation and allows authorized agencies to disclose the status of investigations to reporting persons. The bill declares an emergency, making it effective on July 1, 2025.