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

HF 986: Relating to matters under the purview of the department of insurance and financial services, the utilities commission, and the department of transportation, including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, service contracts, the Iowa individual health benefit reinsurance association, and the Iowa cemetery Act, motor vehicle financial liability coverage, and including penalties and effective date provisions

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 matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts. DIVISION I —— FINANCIAL LITERACY AND FINANCIAL EXPLOITATION. Division I appropriates $10 of each fee collected from the filing of an application as an agent of a real estate broker or dealer to the financial literacy and investor education fund (education fund), and to the financial exploitation prevention fund (prevention fund), both of which are created in the bill.

Sponsors

Ways and Means (successor To Hsb 256) committee

Cost

See the fiscal note

Figure 5 shows the estimated fiscal impact by fund for Division I of HF 986.

Senate subcommittee · named January 22, 2026

  • Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
  • Sen. Matt Blake (D) · matt.blake@legis.iowa.gov
  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov

Lobbying · 15 for, 6 against

For: AARP Iowa; Black Hills Energy; Federation of Iowa Insurers; Iowa Affiliate of the American College of Nurse-Midwives; Iowa Association of Rural Health Clinics; Iowa Chapter of the National Association of Pediatric Nurse Practitioners; Iowa Credit Union League; Iowa Insurance Associates; Iowa Nurse Practitioners Society; Iowa Nurses Association; Iowa Primary Care Association; League of Women Voters of Iowa; and 3 more

Against: Developers Council; Greater Iowa Apartment Association; Home Builders Association of Iowa; Iowa Association of Realtors; Iowa Insurance Associates; Service Contract Industry Council, Inc.

In plain words

  1. April 7, 2025Filed in the House
  2. April 23, 2025Cost estimate (fiscal note) posted
  3. April 24, 2025Passed the House, 84–5
  4. April 28, 2025Arrived in the Senate
  5. April 30, 2025Senate subcommittee named: Bousselot, Quirmbach and Rowley
  6. April 30, 2025Cost estimate (fiscal note) posted
  7. May 8, 2025Subcommittee recommended passing it with changes
  8. January 14, 2026Sent to the Senate Commerce committee
  9. January 22, 2026Senate subcommittee named: Bousselot, Blake and Rowley

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/HF986