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

SF 403: Relating to the investment of public moneys in digital assets and precious metals

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

What it does

Under current law, the treasurer of state (treasurer) may only make ceratin investments with public moneys. This bill allows the treasurer to invest no more than percent of the moneys from the general fund of the state, cash reserve fund, and Iowa economic emergency fund in precious metals, digital assets with a market capitalization of over $750 billion, and stablecoins. The bill requires that a digital asset be held by the treasurer through the use of a secure-custody solution, by a qualified custodian, or as an exchange-traded product.

Sponsors

Sen. Dave Sires (R)

Cost

No fiscal note

Senate subcommittee · named February 24, 2025

  • Sen. Ken Rozenboom (R) · ken.rozenboom@legis.iowa.gov
  • Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
  • Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov

Lobbying · 1 for, 0 against

For: Americans For Prosperity

In plain words

  1. February 20, 2025Filed in the Senate and sent to the State Government committee
  2. February 24, 2025Senate subcommittee named: Rozenboom, Bisignano and Schultz

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/SF403