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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 475: Relating to financial institution acceptance of negotiable instruments, and providing penalties

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

This bill relates to a financial institution’s acceptance of negotiable instruments. The bill defines “financial institution” to mean any bank incorporated under the provisions of any state or federal law, any savings and loan association incorporated under the provisions of federal law, any credit union organized under the provisions of any state or federal law, any corporation licensed as an industrial loan company under chapter 536A, and any affiliate of a bank, savings and loan association, credit union, or industrial loan company.

Sponsors

Rep. Charley Thomson (R)

Cost

No fiscal note

House subcommittee · named February 20, 2025

  • Rep. Charley Thomson (R) · charley.thomson@legis.iowa.gov
  • Rep. Jacob Bossman (R) · jacob.bossman@legis.iowa.gov
  • Rep. Scheetz

Lobbying · 0 for, 2 against

Against: Iowa Bankers Association; Iowa Credit Union League

In plain words

  1. February 19, 2025Filed in the House and sent to the Commerce committee
  2. February 20, 2025House subcommittee named: Thomson, C., Bossman and Scheetz
  3. February 25, 2025Subcommittee recommended passing it

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/91/HF475