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

SSB 1205: SSB 1205

Became SF 556 · Its progress continues under the new number.

What it does

BACKGROUND —— GRAIN DEPOSITORS AND SELLERS INDEMNITY FUND. This bill amends provisions regulating grain dealers purchasing grain (Code chapter 203), and grain warehouse operators storing grain under bailment (Code chapter 203C). A grain dealer or warehouse operator must do business in this state under a license issued by the department of agriculture and land stewardship (DALS).33).6). Upon a determination that the claim is eligible for payment, the indemnity board provides for payment of percent of the loss, but not more than $300,000.

Cost

See the fiscal note

0 million statutory maximum. However, there may be an unknown number of claims that reduce the balance of the Fund, which would increase the time it would take for the Fund to reach its statutory maximum.

Senate subcommittee · named March 14, 2023

Sen. Dawn Driscoll (R) · dawn.driscoll@legis.iowa.gov
Sen. Pam Jochum (D)
Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov

Lobbying · 0 for, 15 against

Against: Agribusiness Association of Iowa; Bayer U.S. LLC; Corteva Agriscience; Iowa Biodiesel Board; Iowa Cattlemen's Association; Iowa Corn Growers Association; Iowa Department of Agriculture & Land Stewardship; Iowa Institute for Cooperatives; Iowa Pork Producers Association; Iowa Soybean Association; Iowa State Dairy Association; Iowa Turkey Federation; and 3 more

In plain words

March 13, 2023Filed in the Senate and sent to the Ways and Means committee
March 13, 2023Senate subcommittee named: Driscoll, Jochum and Schultz
March 15, 2023Subcommittee recommended passing it with changes
March 23, 2023Approved by the Senate committee, and given a new number: SF 556