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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 196: Relating 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

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

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.901(7)(a).901(7)(a) shall be limited to percent of the bank’s aggregate capital.

Sponsors

Commerce (companion To Hf 136 By Committee on Commerce) committee

Cost

No fiscal note

Senate subcommittee · named March 1, 2023

  • Sen. Waylon Brown (R)
  • Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
  • Sen. Pam Jochum (D)

Lobbying · 2 for, 0 against

For: Community Bankers of Iowa; Iowa Division of Banking

In plain words

  1. February 2, 2023Filed in the Senate
  2. February 2, 2023Approved by the Senate committee
  3. February 28, 2023Sent to the Senate Ways and Means committee
  4. March 1, 2023Senate subcommittee named: Brown, Bousselot and Jochum

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SF196