Bills › 89th General Assembly
Providing for foreign-trade zones organized as domestic profit or nonprofit corporations, and foreign profit or nonprofit corporations
Where it is now
- Done: IntroducedMarch 1, 2021
- Done: SubcommitteeMarch 2, 2021
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- 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 Nonprofit corporations and certain out-of-state companies would be allowed to set up and run foreign-trade zones in Iowa. Currently, only companies started within the state can do this. This change expands who is allowed to manage these specific types of trade areas.1
Read the official explanation
This bill amends provisions to allow a foreign for-profit corporation authorized to transact business in this state, a domestic nonprofit corporation organized in this state, or a foreign nonprofit corporation authorized to transact business in this state to have as its purpose the establishment, operation, and maintenance of a foreign-trade zone under federal law. Currently, a domestic corporation may be organized under the laws of this state for purposes of establishing, operating, and maintaining a foreign-trade zone. §81a-81u), creates a foreign-trade zones board to review and approve applications to establish, operate, and maintain foreign-trade zones. The general assembly is considering legislation recommended by the American bar association and proposed in the senate (SF 261) and the house (HF 681).209 in the other legislation.209.
Senate subcommittee
Named March 2, 2021. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part