HSB 131: Providing for the marketing of grain by licensed warehouse operators and grain dealers, including by providing for indemnity fees and the indemnification of grain depositors and sellers for losses following the cessation of a license or bankruptcy

What it does

BACKGROUND —— GRAIN DEALERS AND WAREHOUSE OPERATORS. _____ to as grain dealers purchasing grain (Code chapter 203), and grain warehouse operators storing grain under bailment (Code chapter 203C). The bill also provides for sellers of grain to licensed grain dealers, and depositors storing grain with a licensed grain warehouse, by indemnifying losses resulting from the sale or deposit (Code chapter 203D). BACKGROUND —— LICENSURE REQUIREMENTS.1).1). 10).6). A grain dealer must meet certain net worth requirements to be issued a class license and purchase grain by credit-sale contract.

House subcommittee · named February 5, 2025

• Rep. Norlin G. Mommsen (R) · norlin.mommsen@legis.iowa.gov
• Rep. J.D. Scholten (D) · j.d.scholten@legis.iowa.gov
• Rep. Michael V. Sexton (R)

Lobbying · 5 for, 3 against

For: Agribusiness Association of Iowa; Iowa Corn Growers Association; Iowa Department of Agriculture & Land Stewardship; Iowa Farm Bureau Federation; Iowa Soybean Association

Against: Agribusiness Association of Iowa; Iowa Corn Growers Association; Iowa Institute for Cooperatives

In plain words

1. February 5, 2025Filed in the House and sent to the Agriculture committee
2. February 5, 2025House subcommittee named: Mommsen, Scholten and Sexton
3. February 11, 2025Subcommittee recommended passing it with changes
4. February 18, 2025Approved by the House committee
5. February 18, 2025Committee vote: 21–1
6. February 20, 2025Approved by the House committee, and given a new number: HF 508