Sign in

Back to the bill

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

SSB 1177: SSB 1177

Became SF 540 · Its progress continues under the new number.

What it does

GENERAL. This bill amends Code chapter 554, Iowa’s version of the uniform commercial code (UCC), governing certain commercial transactions involving forms of personal electronic property that do not derive value from physical attributes (sometimes referred to as form of intangible personal property). In 2022, the general assembly enacted two bills dealing with these types of transactions: (1) new Article of the UCC (Code chapter 554) and referred to as the “Uniform Commercial Code —— Controllable Electronic Records” (2022 Iowa Acts, chapter 1117) and (2) new Code chapter 554E referring to smart contracts, distributed ledger technology, and digital assets (2022 Iowa Acts, chapter 1116).

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named February 21, 2023

  • Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
  • Sen. Tom Shipley (R) · tom.shipley@legis.iowa.gov
  • Sen. Janice Weiner (D) · janice.weiner@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Iowa Bankers Association; Iowa Commission on Uniform State Laws c/o David S. Walker, Chair; Iowa State Bar Association; Meidh Technologies, Inc

In plain words

  1. February 21, 2023Filed in the Senate and sent to the Judiciary committee
  2. February 21, 2023Senate subcommittee named: Bousselot, Shipley and Weiner
  3. February 27, 2023Subcommittee recommended passing it with changes
  4. March 6, 2023Approved by the Senate committee, and given a new number: SF 540

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/SSB1177