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Bills › 90th General Assembly

SSB 1055

Topics:Business & economyTechnology & privacy

Same legislation: HSB 33, HF 247, SF 422

Write your legislators about it

Also covers HSB 33 and HF 247 and SF 422.

What changed before it passed
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedJanuary 18, 2023
  2. Done: SubcommitteeJanuary 18, 2023
  3. Done: Senate committeeFebruary 27, 2023
  4. Skipped: Passes the SenateContinued as SF 422
  5. Next: House committee
  6. Next: Passes the House
  7. Next: To the Governor
  8. Next: Signed into law

Became SF 422 → Its progress continues under the new number. Go to SF 422 What’s a funnel?

What’s in it

AI summary Banks and businesses can now use email or text messages to contact people about their property instead of only using paper mail. If a person receives these electronic messages and does not send them back as undelivered, the business can count that as a way to prevent the property from being marked as abandoned. This change allows owners to renew their interest in held property through digital communication.1

Read the official explanation

This bill relates to electronic communication regarding property that is assumed to be abandoned for purposes of property held by a bank, financial institution, or business association. The bill defines “electronic messaging” to mean electronic mail, text messaging, or other electronic means of communication, including an online banking website application. _____ if certain circumstances are met, prevent the property from being considered abandoned include electronic messaging along with correspondence in writing. The bill also provides that consent for renewal of previously held property between an owner and a banking or financial organization or a business association can be considered effective if notice was sent by electronic messaging and the notice is not returned to the bank for nondelivery. The bill applies to electronic messaging sent or received on or after the effective date of the bill.

Full bill text · What changed before it passed2

Senate subcommittee

Named January 18, 2023. On January 26, 2023 it recommended passage. [].

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§556.1§556.2

How the Code works3

Lobbying

1 for · 0 against · 4 undecided · Who →

Family tree

Tried before

SSB 3127Renumbered89th GA

Study bill

HSB 33RenumberedSSB 1055Renumbered

90th General Assembly

HF 247Became lawfrom HSB 33SF 422Didn’t advancefrom SSB 1055

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

  • SSB 3127 SSB 3127
    89th General Assembly · Renumbered as SF 2313 · same title
    Cleared committee

Matched by wording or an identical title.