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

SSB 1234: Establishing a retirement savings plan trust, making appropriations, and including implementation provisions

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 creates the Iowa retirement savings plan trust under the office of treasurer of state for the purpose of helping Iowans save for retirement. The bill provides that the trust be operated so that, for federal tax purposes, the trust meets the requirements of a retirement plan as provided by the Internal Revenue Code and functions according to other federal law. The state treasurer is the trustee of the trust and has numerous powers, as specified in the bill, for the purpose of carrying out the purpose of the trust.

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named April 28, 2025

  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Tim Kraayenbrink (R) · tim.kraayenbrink@legis.iowa.gov
  • Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov

In plain words

  1. April 28, 2025Filed in the Senate and sent to the Appropriations committee
  2. April 28, 2025Senate subcommittee named: Rowley, Kraayenbrink and Petersen
  3. April 29, 2025Subcommittee recommended passing it with changes

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/SSB1234