HSB 213

Where it is now

1. ✓
   Done: IntroducedFebruary 27, 2023
2. ✓
   Done: SubcommitteeFebruary 27, 2023
3. ✓
   Done: House committeeMarch 2, 2023
4. ✓
   Done: Passes the HouseMarch 22, 202395–0
5. ✓
   Done: Senate committeeMarch 29, 2023
6. ✓
   Done: Passes the SenateApril 19, 202350–0
7. ✓
   Done: To the GovernorMay 9, 2023
8. ✓
   Done: Signed into lawJune 1, 2023

Became HF 648 → Its progress continues under the new number. Go to HF 648 What’s a funnel?

What’s in it

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.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendments H-1305, H-1272, S-3154; see Amendments. Full bill text · What changed before it passed

House subcommittee

Named February 27, 2023. On February 28, 2023 it recommended amendment and passage. Vote Total: 3-0.

• Rep. Charley Thomson REmail
• Rep. Carter F. Nordman REmail
• Rep. Sami Scheetz D

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

Fiscal note

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 note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code.

• Investment Advisor Public Records, Expungement · March 21, 2023

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Iowa Code it changes

Creates§502.511

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.