Senate Bill 1, aiming to oversee South Dakota’s Future Fund, failed after a 5–4 vote to delay it, ending its chances for the 2026 session.

Senate Bill 1, which would have imposed formal oversight rules on South Dakota’s Future Fund, died in the 2026 legislative session after a 5–4 vote to defer it to the 41st legislative day, effectively ending its progress. The bill aimed to require standardized application processes, economic impact assessments, and interest rate limits for fund disbursements, with supporters arguing it would ensure long-term accountability. Opponents, including business groups and some lawmakers, said Governor Larry Rhoden’s recent executive order already provides transparency and that the governor should retain sole authority to act swiftly on economic development. The decision follows a prior 4–4 deadlock, and no further action is planned this year.