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

SSB 1021: SSB 1021

Became SF 196 · Its progress continues under the new number.

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.

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named January 11, 2023

  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Rocky De Witt (R)
  • Sen. Eric Giddens (D)

Lobbying · 2 for, 0 against

For: Community Bankers of Iowa; Iowa Division of Banking

In plain words

  1. January 10, 2023Filed in the Senate and sent to the Commerce committee
  2. January 11, 2023Senate subcommittee named: Rowley, De Witt and Giddens
  3. January 18, 2023Subcommittee recommended passing it with changes
  4. February 2, 2023Approved by the Senate committee, and given a new number: SF 196

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SSB1021