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

HSB 601: HSB 601

Became HF 2262 · Its progress continues under the new number.

What it does

This bill relates to money transmission services. The bill adds an exemption from licensing for a person appointed as an agent of a payor for purposes of providing payroll processing services for which a license would otherwise be required, if there is a written agreement between the payor and the agent directing the agent to provide payroll processing services, the payor holds the agent out as providing payroll processing services on the payor’s behalf, and the payor’s obligation to a payee is not extinguished if the agent fails to remit the funds to the payee.

Sponsors

Not listed

Cost

See the fiscal note

House File 2262 establishes new criminal offenses, and the fiscal impact cannot be estimated due to a lack of existing conviction data. Figure 2 shows the average State cost per offense for a Class C felony, Class D felony, and an aggravated misdemeanor.

House subcommittee · named January 23, 2024

  • Rep. Martin L. Graber (R)
  • Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov
  • Rep. Ray Sorensen (R) · ray.sorensen@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Independent Payroll Providers Association; Iowa Division of Banking; National Federation of Independent Business (NFIB /IA)

In plain words

  1. January 23, 2024Filed in the House and sent to the Commerce committee
  2. January 23, 2024House subcommittee named: Graber, Nielsen and Sorensen
  3. January 24, 2024Subcommittee recommended passing it
  4. January 30, 2024Approved by the House committee
  5. February 1, 2024Approved by the House committee, and given a new number: HF 2262

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/HSB601