# South Dakota HB 1238: protect financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults.

South Dakota HB 1238, protect financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults., is a 101st South Dakota Legislature (2026) House bill sponsored by no sponsor on record; status signed, last action 2026-03-12 (Signed by the Governor) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/SD-HB1238-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: South Dakota HB 1238
- State: South Dakota
- Session: 101st South Dakota Legislature (2026)
- Title: protect financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults.
- Status: signed
- Chamber: House
- Introduced: 2026-01-29
- Last action: 2026-03-12, Signed by the Governor
- Sponsors: no sponsor on record
- Cosponsors: 0
- Subjects: Banks and Banking, Crimes, Liability
- Touches household money: no
- Roll calls: 4 (109 yes, 7 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Banks gain legal protection for exploitation responses: mixed, low. The law shields covered financial institutions, their bank holding companies, and their employees, agents, officers, and directors from liability. This covers civil, criminal, and administrative liability for delaying or refusing transactions—or choosing not to—under the law. It also protects actio…
- New bank safeguards for adults facing exploitation: mixed, low. South Dakota banks, credit unions, trust companies, and other covered financial institutions can act on reasonable concerns about financial exploitation. Exploitation includes wrongful use of money, property, or identifying information, including misuse by someone managing an adult’s finances. The…

## Sponsors and cosponsors

- (none)

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-04 | Senate | Do Pass | pass | 34 | 0 |   |
| 2026-03-03 | Senate | Do Pass | pass | 8 | 0 |   |
| 2026-02-12 | House | Do Pass | pass | 56 | 6 |   |
| 2026-02-11 | House | Do Pass | pass | 11 | 1 |   |

## Actions (13)

- 2026-03-12: Signed by the Governor (House)
- 2026-03-10: Delivered to the Governor (House)
- 2026-03-09: Signed by the President (Senate)
- 2026-03-05: Signed by the Speaker (House)
- 2026-03-04: Senate Do Pass, Passed, YEAS 34, NAYS 0 (Senate)
- 2026-03-03: Certified uncontested, placed on consent (Senate)
- 2026-03-03: Senate Commerce and Energy Do Pass, Passed, YEAS 8, NAYS 0 (Senate)
- 2026-03-03: Scheduled for hearing (Senate)
- 2026-02-17: First read in Senate and referred to Senate Commerce and Energy (Senate)
- 2026-02-12: House of Representatives Do Pass, Passed, YEAS 56, NAYS 6 (House)
- 2026-02-11: House Commerce and Energy Do Pass, Passed, YEAS 11, NAYS 1 (House)
- 2026-02-11: Scheduled for hearing (House)
- 2026-01-29: First read in House and referred to House Commerce and Energy (House)

## Bill text

- Introduced, 2026-01-29: [PDF](https://mylrc.sdlegislature.gov/api/Documents/306311.pdf)

## Related bills

- HB 1245: authorize municipalities to establish a local funding mechanism for capital improvement projects. (signed)
- HB 1193: modify the provisions for a refund of taxes to disabled veterans and surviving spouses under certain property tax relief programs. (signed)
- HB 1149: adopt the athletic trainer licensure compact. (signed)
- HB 1148: adopt the respiratory care interstate compact. (signed)
- HB 1082: establish parameters for the reimbursement of school districts that provide free or reduced-price meals to students. (signed)
- HB 1051: revise property tax levies for school districts and to revise the state aid to general and special education formulas. (signed)

## Sources
- [Introduced (PDF)](https://mylrc.sdlegislature.gov/api/Documents/306311.pdf)

## Related
- [HB 1245: authorize municipalities to establish a local funding mechanism for capital imp…](https://policyrisk.com/state-bill/SD-HB1245-2026)
- [HB 1193: modify the provisions for a refund of taxes to disabled veterans and surviving…](https://policyrisk.com/state-bill/SD-HB1193-2026)
- [HB 1149: adopt the athletic trainer licensure compact.](https://policyrisk.com/state-bill/SD-HB1149-2026)
- [HB 1148: adopt the respiratory care interstate compact.](https://policyrisk.com/state-bill/SD-HB1148-2026)
- [HB 1082: establish parameters for the reimbursement of school districts that provide fre…](https://policyrisk.com/state-bill/SD-HB1082-2026)
- [HB 1051: revise property tax levies for school districts and to revise the state aid to…](https://policyrisk.com/state-bill/SD-HB1051-2026)
- [South Dakota bills](https://policyrisk.com/states/south-dakota/bills)
- [South Dakota state hub](https://policyrisk.com/states/south-dakota)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/SD-HB1238-2026 (as of 2026-11-01).