Bills › 90th General Assembly
Relating to matters under the purview of the banking division of the department of commerce, including permissible investments, notice requirements, and requirements for a person obtaining control of a state bank
Sponsored by the House Commerce Committee
Where it is now
- Done: IntroducedJanuary 12, 2023
- Done: SubcommitteeJanuary 12, 2023
- Done: House committeeJanuary 24, 2023
- Done: Passes the HouseMarch 6, 202392–0
- Done: Senate committeeMarch 21, 2023
- Done: Passes the SenateApril 19, 202350–0
- Done: To the GovernorApril 28, 2023
- Done: Signed into lawApril 28, 2023
Signed into law What’s a funnel?
What’s in it
AI summary New rules would allow state banks to send official notices using any legal method instead of only through mail or in person. People who take control of a state bank must not do anything that hurts the bank's ability to serve its local customers. The law also sets a limit on how much of a bank's total money can be put into certain types of investments.1
Read the official explanation
This bill relates to matters under the purview of the banking division of the department of commerce, including permissible investments, notice requirements, and requirements for a person obtaining control of a state bank.141. The bill provides that a person obtaining control of a state bank shall not jeopardize the interests of the bank, including the state bank’s plans to accept deposits, lend money, and process payments in the area that the state bank primarily serves.901(7)(a).901(7)(a) shall be limited to percent of the bank’s aggregate capital. Current law provides that a bank is limited to percent of the bank’s aggregate capital.
Senate subcommittee
Named March 14, 2023. On March 15, 2023 it recommended passage. [].
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
Iowa Code it changes
Lobbying
2 for · 0 against · 5 undecided · Who →
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90th General Assembly