Minnesota legislation · 94th Legislature 2025-2026
Minnesota SF4652: Trusted contact program established to mitigate financial exploitation and fraud
Status: In committee, April 28, 2026
What the bill says
A bill for an act relating to financial institutions; establishing a trusted contact program to mitigate financial exploitation and fraud; limiting liability; proposing coding for new law in Minnesota Statutes, chapter 45A.
From the introduced text, March 18, 2026:
A bill for an act relating to financial institutions; establishing a trusted contact program to mitigate financial exploitation and fraud; limiting liability; proposing coding for new law in Minnesota Statutes, chapter 45A. Section 1. new text begin [ TRUSTED CONTACT PROGRAM.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Definition.] new text end new text begin [ADDED: For purposes of this section, "trusted contact" means a person who has attained the age of 18 years and who a financial services provider customer designates as a person a financial services provider may contact if (1) an emergency occurs, (2) the financial services provider loses contact with the customer, or (3) the financial services provider suspects third-party fraud or financial exploitation targeting the customer.] new text end new text begin [ADDED: Subd. 2.] new text end new text begin [ financial exploitation; reporting.] new text end new text begin [ADDED: Notwithstanding any other law to the contrary, a financial services provider may report suspected fraudulent activity or financial exploitation targeting a customer to a federal, state, county, or municipal law enforcement agency or an appropriate public protective agency.] new text end new text begin [ADDED: Subd. 3.] new text end new text begin [ADDED: Trusted contact program.] new text end new text begin [ADDED: …
Sponsors
- Zach Duckworth (R) · primary sponsor
Latest actions
- : Rule 45; subst. General Orders HF4502, SF indefinitely postponed
- : Second reading
- : Comm report: To pass
- : Referred to Commerce and Consumer Protection
- : Introduction and first reading
Common questions
- What is SF4652?
- SF4652 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Trusted contact program established to mitigate financial exploitation and fraud.
- What does SF4652 do?
- In its own words: A bill for an act relating to financial institutions; establishing a trusted contact program to mitigate financial exploitation and fraud; limiting liability; proposing coding for new law in Minnesota Statutes, chapter 45A.
- What is the status of SF4652?
- In committee as of April 28, 2026. Latest action: Rule 45; subst. General Orders HF4502, SF indefinitely postponed (April 28, 2026).
- Who sponsored SF4652?
- Zach Duckworth (R).
- Where is the official record for SF4652?
- On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4652&y=2025&ssn=0&b=senate
Source: official Minnesota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.