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

SF 2289: Relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties

Signed into law

What it does

This bill relates to economic development and energy shortages under the purview of the economic development authority and governor. DIVISION I —— ECONOMIC DEVELOPMENT PROGRAMS. The bill strikes the specific power of the economic development authority (authority) to charge a business or individual a fee for use of the authority’s federal EB-5 immigrant investor regional center. The bill specifies the circumstances in which the authority may prohibit a person from receiving an award or financial assistance, or from being selected as a vendor to provide goods or services to the authority.

Sponsors

Commerce committee

Cost

No fiscal note

Lobbying · 2 for, 1 against

For: Iowa Economic Development Authority; Iowa Finance Authority

Against: Iowa Association of School Boards

In plain words

  1. February 8, 2024Filed in the Senate
  2. February 8, 2024Approved by the Senate committee
  3. March 5, 2024Passed the Senate, 50–0
  4. March 18, 2024Took the place of HF 2450 on the House floor (the same legislation)
  5. March 18, 2024Passed the House, 95–1
  6. April 16, 2024Passed the Senate, 48–0
  7. April 29, 2024Sent to the Governor
  8. May 17, 2024Signed into law

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/SF2289