Relating to digital financial asset transaction kiosks

Topics:Technology & privacy

Same legislation: SF 449

Write your legislators about itWhat changed before it passed

Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedFebruary 18, 2025
Done: SubcommitteeFebruary 18, 2025
Done: Senate committeeFebruary 25, 2025
Done: Passes the SenateMarch 26, 202545–2
Done: House committeeApril 2, 2025
Done: Passes the HouseMay 12, 202577–12
Done: To the GovernorMay 19, 2025
Done: Signed into lawMay 19, 2025

Became SF 449 → Its progress continues under the new number. Go to SF 449 What’s a funnel?

What’s in it

This bill relates to digital financial asset transaction kiosks. “Digital financial asset transaction kiosk” (kiosk) is defined in the bill. Under the bill, an operator shall not, via a kiosk, accept from, or dispense to, a consumer more than $1,000 per day. “Operator” is defined in the bill. An operator shall not collect charges from a consumer related to a digital financial asset transaction that exceed the greater of $5 or percent of the United States currency equivalent of digital financial assets involved in the transaction.

Read the full explanation

_____ disclosure to the consumer including the dollar amount of the digital financial asset involved in the transaction, any charges collected by the operator, and, if an operator does not provide a method to reverse or refund a transaction, a warning that all transactions are final. The disclosure shall be clear and conspicuous and provided separately from any other disclosure provided by the operator. For any transaction made at an operator’s kiosk, the operator shall provide the consumer with a receipt that includes the information detailed in the bill. An operator shall provide a list to the division of banking (division) of all locations of the operator’s kiosks in the state. An operator shall provide the division with updates to the list within days of a change. The division shall make each operator’s list available to the public via the division’s internet site.301, and that charges collected from a consumer via the kiosk comply with the bill.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendment S-3057; see Amendments. Full bill text · What changed before it passed

Senate subcommittee

Named February 18, 2025. On February 19, 2025 it recommended 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

Creates§533C.1004

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Lobbying

5 for · 2 against · 12 undecided · Who →

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Study bill

SSB 1142Renumbered

91st General Assembly

SF 449Became lawfrom SSB 1142

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.