All Roll Calls
Yes: 183 • No: 0
IowaSF 41391st General Assembly (2025–2026)SenateWALLET
A bill for an act relating to requirements for, and regular meetings of, the board of directors of a state bank, and electronic activities of a state bank. (Formerly SSB 1070.) Effective date: 07/01/2026.
Sponsored By: COMMITTEE ON COMMERCE
Signed by Governor
commerce
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
New rules for state bank boards
Beginning July 1, 2026, state bank boards must have at least five directors who are 18 or older. A majority must live in Iowa and be U.S. citizens, and at least three directors must live in Iowa. Boards must hold at least six regular meetings each year, with at least one each quarter and no more than one in any month. The superintendent can require extra regular meetings when needed. Unless a bank’s bylaws say otherwise, directors may join meetings by audio so everyone can hear each other, and they count as present.
Rules for bank electronic services
Beginning July 1, 2026, the superintendent can make rules for banks’ electronic activities. The rules can set application steps and the systems and technologies banks must have. The superintendent can also allow new electronic activities for state banks by rule without prior approval. The law also repeals subsection 2 of section 524.802A.
Sponsors & Cosponsors
Sponsor
COMMITTEE ON COMMERCE
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/10/2026
Passed Senate
Yes: 46 • No: 0
House vote • 3/2/2026
Passed House
Yes: 90 • No: 0
Senate vote • 3/10/2025
Passed Senate
Yes: 47 • No: 0
Actions Timeline
Signed by Governor.
4/30/2026GovernorReported correctly enrolled, signed by President and Speaker, and sent to Governor.
4/30/2026SenateMessage from Senate.
3/10/2026SenateImmediate message.
3/10/2026legislaturePassed Senate, yeas 46, nays 0.
3/10/2026SenateSenate concurred with S-5052.
3/10/2026SenateMessage from House, with amendment S-5052.
3/3/2026HouseImmediate message.
3/2/2026legislaturePassed House, yeas 90, nays 0.
3/2/2026HouseCommittee amendment H-8001 adopted.
3/2/2026legislaturePlaced on calendar.
1/26/2026legislatureCommittee amendment H-8001 filed.
1/26/2026legislatureCommittee vote: Yeas, 22. Nays, 0. Excused, 1.
1/21/2026legislatureCommittee report, recommending amendment and passage.
1/21/2026legislatureSubcommittee recommends amendment and passage.
1/14/2026legislatureSubcommittee Meeting: 01/14/2026 12:00PM House Lounge.
1/12/2026HouseSubcommittee: Determann, Blom and Srinivas.
1/12/2026legislatureRereferred to Commerce.
4/3/2025legislatureRead first time, passed on file.
3/11/2025legislatureMessage from Senate.
3/10/2025SenateImmediate message.
3/10/2025legislaturePassed Senate, yeas 47, nays 0.
3/10/2025SenateCommittee report, approving bill.
2/24/2025legislatureIntroduced, placed on calendar.
2/24/2025legislature
Bill Text
As Introduced
Enrolled
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