HF 2232: Relating to life insurance, permissible third parties, and financial exploitation of eligible adults

What it does

This bill relates to life insurance, permissible third parties, and financial exploitation of eligible adults. Under current law, a delay of a disbursement or transaction involving the money, assets, or property of an eligible adult will expire upon the first to occur of: (1) a determination by the broker-dealer or investment adviser that the disbursement or transaction will not result in or contribute to financial exploitation of the eligible adult, or (2) days after the first delay, unless extended, in which case the delay shall expire no more than days after the date the disbursement or transaction was first delayed.

House subcommittee · named January 13, 2026

• Rep. David E. Young (R) · david.young@legis.iowa.gov
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov
• Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov

Lobbying · 6 for, 0 against

For: AARP Iowa; Federation of Iowa Insurers; Iowa Insurance Division; National Insurance Crime Bureau; Principal Financial Group; Sammons Financial Group

In plain words

1. January 13, 2026Filed in the House and sent to the Commerce committee · as HSB 516
2. January 13, 2026House subcommittee named: Young, Judge and Lundgren · as HSB 516
3. January 20, 2026Subcommittee recommended passing it · as HSB 516
4. January 28, 2026Approved by the House committee · as HSB 516
5. January 28, 2026Committee vote: 22–0 · as HSB 516
6. January 30, 2026Filed in the House
7. January 30, 2026Approved by the House committee, and given a new number: HF 2232 · as HSB 516
8. March 2, 2026Passed the House, 90–0
9. March 3, 2026Arrived in the Senate
10. March 23, 2026Took the place of SF 2454 on the Senate floor (the same legislation)
11. March 23, 2026Passed the Senate, 47–0
12. April 9, 2026Sent to the Governor
13. April 9, 2026Signed into law