Bills › 91st General Assembly
Relating to requirements for, and regular meetings of, the board of directors of a state bank, and electronic activities of a state bank
Sponsored by the Senate Commerce (companion To Hf 311 By Committee on Commerce) Committee
Topics:Business & economy
Where it is now
- Done: IntroducedJanuary 29, 2025
- Done: SubcommitteeJanuary 29, 2025
- Done: Senate committeeFebruary 20, 2025
- Done: Passes the SenateMarch 10, 202547–0
- Done: House committeeJanuary 21, 2026
- Done: Passes the HouseMarch 2, 202690–0
- Done: To the GovernorApril 30, 2026
- Done: Signed into lawApril 30, 2026
Signed into law What’s a funnel?
What’s in it
AI summary State bank boards would need to change how many members live in Iowa and how often they meet. Instead of just needing a majority of Iowa residents, boards must now have at least three members who live in the state. The new rules also require boards to hold at least one meeting every three months throughout the year.1
Read the official explanation
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, a majority of whom are citizens of the United States and at least three of whom are residents of the state of Iowa. 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. Under the bill, a board shall hold at least nine regular meetings each calendar year, and at least one regular meeting shall occur in each quarter of a calendar year.
Changed since by amendment H-8001; see Amendments.
House subcommittee
Named January 12, 2026. On January 14, 2026 it recommended amendment and passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
4 for · 0 against · 4 undecided · Who →
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91st General Assembly