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

SF 2298: Relating to debt management programs, services, fees, and licensee requirements

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 debt management, services, fees, and licensee requirements. Under current law, if a debt management program (program) is based on a model which requires a licensee to receive money or evidences thereof from a debtor to distribute to the debtor’s creditors, the licensee who receives the money for distribution shall maintain a separate bank trust account in which all payments received from the debtor for the benefit of creditors shall be deposited and shall remain until a remittance is made to either the debtor or the creditor.

Sponsors

Commerce (companion To Hf 2326 By Committee on Commerce) committee

Cost

No fiscal note

Senate subcommittee · named January 28, 2026

  • Sen. Jeff Reichman (R) · jeff.reichman@legis.iowa.gov
  • Sen. Izaah Knox (D) · izaah.knox@legis.iowa.gov
  • Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov

Lobbying · 2 for, 1 against

For: Americans For Prosperity; Association for Consumer Debt Relief c/o MultiState Associates LLC

Against: Iowa Division of Banking

In plain words

  1. January 28, 2026Filed in the Senate and sent to the Commerce committee · as SSB 3090
  2. January 28, 2026Senate subcommittee named: Reichman, Knox and Schultz · as SSB 3090
  3. February 3, 2026Subcommittee recommended passing it · as SSB 3090
  4. February 11, 2026Approved by the Senate committee, and given a new number: SF 2298 · as SSB 3090
  5. February 12, 2026Filed in the Senate
  6. February 12, 2026Approved by the Senate committee

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/SF2298