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90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HF 648: Providing for the expungement of information regarding investment advisers and investment adviser representatives authorized to do business in this state

Signed into law

What it does

404, may petition the district court sitting in equity for relief in the form of ordering the expungement of information in a record controlled by the financial industry regulatory authority (FINRA). The respondents in the case must include the commissioner of insurance and any party to a judicially enforceable arbitration proceeding who reported the information to FINRA. The district court may grant the relief by ordering the expungement of the information under certain conditions, including: the petitioner was not involved in the event that resulted in the creation of the record; the information is erroneous, impossible to be true, or defamatory; a decision in an administrative, judicial, or arbitration proceeding found that the petitioner was not liable for acting in a manner described in the record; or the court determines that equitable principles require such relief.

Sponsors

Judiciary committee

Cost

Cost: up to $125,000

The fiscal impact of HF 648 to add a Compliance Officer 2 position to the Iowa Insurance Division will cost between $84,000 and $125,000 to the General Fund in FY 2024. Source Iowa Insurance Division /s/ Jennifer Acton March 21, 2023 Doc ID 1371071 The fiscal …

Senate subcommittee · named March 23, 2023

  • Sen. Scott Webster (R) · scott.webster@legis.iowa.gov
  • Sen. Lynn Evans (R) · lynn.evans@legis.iowa.gov
  • Sen. Janice Weiner (D) · janice.weiner@legis.iowa.gov

In plain words

  1. February 27, 2023Filed in the House and sent to the Judiciary committee · as HSB 213
  2. February 27, 2023House subcommittee named: Thomson, C., Nordman and Scheetz · as HSB 213
  3. February 28, 2023Subcommittee recommended passing it with changes · as HSB 213
  4. March 2, 2023Approved by the House committee · as HSB 213
  5. March 7, 2023Filed in the House
  6. March 7, 2023Approved by the House committee, and given a new number: HF 648 · as HSB 213
  7. March 21, 2023Cost estimate (fiscal note) posted
  8. March 22, 2023Passed the House, 95–0
  9. March 23, 2023Arrived in the Senate
  10. March 23, 2023Senate subcommittee named: Webster, Evans and Weiner
  11. March 27, 2023Subcommittee recommended passing it
  12. March 29, 2023Approved by the Senate committee
  13. April 19, 2023Passed the Senate, 50–0
  14. May 1, 2023Passed the House, 94–0
  15. May 3, 2023Passed the Senate, 47–0
  16. May 9, 2023Sent to the Governor
  17. June 1, 2023Signed into law

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/90/HF648