SF 2169: Relating to the disposition of unclaimed property held by banking or financial organizations, and gift certificates known as chamber bucks, and including retroactive applicability provisions

What it does

This bill relates to the disposition of unclaimed property held in banking or financial organizations, and gift certificates known as chamber bucks. The bill defines “chamber buck” to mean a gift certificate offered for purchase through a local chamber of commerce as part of a chamber buck program that can be redeemed at a participating local business within the area where the chamber of commerce is located. “Chamber buck program” is defined as a program created and administered by a local chamber of commerce that offers chamber bucks for purchase.

Senate subcommittee · named February 7, 2024

• Sen. Kerry Gruenhagen (R) · kerry.gruenhagen@legis.iowa.gov
• Sen. Zach Wahls (D) · zach.wahls@legis.iowa.gov
• Sen. Scott Webster (R) · scott.webster@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Iowa Association of Business and Industry (ABI); Iowa Chamber Alliance; Marshalltown Area Chamber of Commerce; Professional Developers of Iowa (PDI)

In plain words

1. January 31, 2024Filed in the Senate and sent to the Commerce committee
2. February 7, 2024Senate subcommittee named: Gruenhagen, Wahls and Webster