HSB 95: Relating to requirements for, and regular meetings of, the board of directors of a state bank

What it does

This bill relates to the requirements to serve on the board of directors (board) of a state bank, and the regular meetings of a board. Under current law, a board consists of five or more directors years of age or older, a majority of whom are residents of the state of Iowa and citizens of the United States. Under the bill, a board consists of five or more directors years of age or older, at least three of whom are residents of the state of Iowa and citizens of the United States. Under current law, a board shall hold at least nine regular meetings each calendar year, and no more than one regular meeting shall be held in any one calendar month.

House subcommittee · named January 28, 2025

• Rep. Tom Determann (R) · tom.determann@legis.iowa.gov
• Rep. David L. Blom (R) · david.blom@legis.iowa.gov
• Rep. Rob Johnson (D) · rob.johnson@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Community Bankers of Iowa; Dr. Tanja Garrison; Iowa Bankers Association; Iowa Division of Banking

In plain words

1. January 28, 2025Filed in the House and sent to the Commerce committee
2. January 28, 2025House subcommittee named: Determann, Blom, Johnson and R
3. February 3, 2025Subcommittee recommended passing it with changes
4. February 6, 2025Approved by the House committee
5. February 6, 2025Committee vote: 22–1
6. February 10, 2025Approved by the House committee, and given a new number: HF 311