HSB 30: HSB 30

What it does

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. The bill provides that a state bank may invest up to percent of its aggregate capital in tax equity financing transactions that fund projects that generate tax credits.

House subcommittee · named January 12, 2023

• Rep. Phil Thompson (R)
• Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov
• Rep. David E. Young (R) · david.young@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Community Bankers of Iowa; Iowa Division of Banking

In plain words

1. January 12, 2023Filed in the House and sent to the Commerce committee
2. January 12, 2023House subcommittee named: Thompson, P., Nielsen and Young
3. January 24, 2023Approved by the House committee
4. January 26, 2023Approved by the House committee, and given a new number: HF 136