Allowing the formation of certain for-profit corporations as benefit corporations authorized to do business in this state under certain conditions

Where it is now

1. ✓
   Done: IntroducedJanuary 21, 2021
2. ✕
   Stopped: SubcommitteeDied when the General Assembly ended
3. Next: House committee
4. Next: Passes the House
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

AI summary Iowa would allow businesses to form a new type of company called a benefit corporation. These companies must consider their impact on society and the environment when making decisions, even if those choices don't make the most money for shareholders. To do this, the company must change its official rules with a large majority vote and must release a report every year explaining its progress.¹

Full bill text²

Family tree

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

• HF 229 Allowing the formation of certain for-profit corporations as benefit corporations authoriz…
  88th General Assembly · In committee · same title
  Cleared committee
• HF 312 Allowing the formation of certain for-profit corporations as benefit corporations authoriz…
  88th General Assembly · In committee · same title
  Cleared committee
• HF 645 Allowing the formation of certain for-profit corporations as benefit corporations authoriz…
  88th General Assembly · In committee · same title
  Cleared committee

Matched by wording or an identical title.