HF 2450: Relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties

What it does

This bill relates to economic development and energy shortages under the purview of the economic development authority and governor. DIVISION I —— ECONOMIC DEVELOPMENT PROGRAMS. The bill strikes the specific power of the economic development authority (authority) to charge a business or individual a fee for use of the authority’s federal EB-5 immigrant investor regional center. The bill specifies the circumstances in which the authority may prohibit a person from receiving an award or financial assistance, or from being selected as a vendor to provide goods or services to the authority.

House subcommittee · named January 29, 2024

• Rep. Shannon Latham (R) · shannon.latham@legis.iowa.gov
• Rep. Tom Determann (R) · tom.determann@legis.iowa.gov
• Rep. Art Staed (D) · art.staed@legis.iowa.gov

Lobbying · 2 for, 1 against

For: Iowa Economic Development Authority; Iowa Finance Authority

Against: Iowa Association of School Boards

In plain words

1. January 29, 2024Filed in the House and sent to the Economic Growth and Technology committee · as HSB 622
2. January 29, 2024House subcommittee named: Latham, Determann and Staed · as HSB 622
3. January 31, 2024Subcommittee recommended passing it with changes · as HSB 622
4. February 7, 2024Approved by the House committee · as HSB 622
5. February 12, 2024Filed in the House
6. February 12, 2024Approved by the House committee, and given a new number: HF 2450 · as HSB 622
7. March 18, 2024Withdrawn