# Iowa SF 449: A bill for an act relating to digital financial asset transaction kiosks and including penalties, and effective date and applicability provisions. (Formerly SSB 1142.) Effective date: 05/19/2025. Applicability date: 07/01/2025. Iowa SF 449, A bill for an act relating to digital financial asset transaction kiosks and including penalties, and effective date and applicability provisions. (Formerly SSB 1142.) Effective date: 05/19/2025. Applicability date: 07/01/2025., is a 91st General Assembly (2025–2026) Senate bill sponsored by COMMITTEE ON TECHNOLOGY; status signed, last action 2025-05-20 (Explanation of vote.); PRIA reads it as touching household money (as of 2026-10-18). - Canonical: https://policyrisk.com/state-bill/IA-SF449-2025-2026 - As of: 2026-10-18 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Iowa SF 449 - State: Iowa - Session: 91st General Assembly (2025–2026) - Title: A bill for an act relating to digital financial asset transaction kiosks and including penalties, and effective date and applicability provisions. (Formerly SSB 1142.) Effective date: 05/19/2025. Applicability date: 07/01/2025. - Status: signed - Chamber: Senate - Introduced: 2025-02-26 - Last action: 2025-05-20, Explanation of vote. - Sponsor: COMMITTEE ON TECHNOLOGY - Cosponsors: 0 - Subjects: commerce - Touches household money: yes - Roll calls: 2 (122 yes, 14 no in all) - Economic provisions PRIA read: 7 ## Summary No summary available. ## Bill overview: provisions PRIA read - Full refunds for kiosk fraud victims: benefit, high. The law took effect May 19, 2025; its Iowa digital asset kiosk refund rules apply beginning July 1, 2025. Operators must refund the full amount of covered transactions on request when fraud tricked you into making them. New customers get coverage for transactions during their first 30 calendar days… - Clearer costs and help for kiosk users: benefit, low. Beginning July 1, 2025, Iowa kiosk operators must give separate, clear written disclosures before transactions and require customers to confirm receipt. Disclosures must explain terms, dollar value, charges, and fraud warnings in English and the main language used to reach the customer. They must w… - Fee caps for digital asset kiosks: benefit, low. Beginning July 1, 2025, Iowa kiosk charges cannot exceed the greater of $5 or 15% of the assets’ dollar value. Charges include fees, expenses, and the gap between the market price and the price charged to you. Asset value comes from a licensed exchange’s public market price when you start the trans… - More fraud safeguards for kiosk users: benefit, low. Beginning July 1, 2025, Iowa kiosk operators must take reasonable steps to detect and prevent fraud. They must use blockchain analysis software themselves or through an established specialist. It must help stop transfers to wallets known to be linked to fraud and detect patterns of fraud or illegal… - Public kiosk listings and state enforcement: benefit, low. Beginning July 1, 2025, operators must report all Iowa kiosk street addresses and update changes within 30 calendar days. The Iowa Division of Banking must post each operator’s list online. The Attorney General alone can bring civil enforcement cases when there is reasonable belief of a violation.… - New transaction limits for kiosk users: cost, low. Beginning July 1, 2025, Iowa kiosk operators cannot accept from or pay out to one customer more than $1,000 per calendar day. The limit applies across that operator’s kiosks, not separately at each machine. Customers new to an operator also face a $10,000 total limit during their first 30 calendar… - Kiosk operators face new compliance duties: cost, low. Beginning July 1, 2025, Iowa kiosk operators must maintain and enforce written compliance policies approved by their board or similar governing body. Each operator must employ a qualified, full-time compliance officer to monitor kiosk rules and applicable state and federal laws. The officer cannot… ## Sponsors and cosponsors - Sponsor: COMMITTEE ON TECHNOLOGY ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-05-12 | House | Passed House | pass | 77 | 12 | | | 2025-03-26 | Senate | Passed Senate | pass | 45 | 2 | | ## Actions (21) - 2025-05-20: Explanation of vote. (House) - 2025-05-19: Signed by Governor. (Senate) - 2025-05-19: Reported correctly enrolled, signed by President and Speaker, and sent to Governor. (Senate) - 2025-05-12: Message from House. (Senate) - 2025-05-12: Immediate message. (House) - 2025-05-12: Passed House, yeas 77, nays 12. (House) - 2025-05-12: Amendment H-1314 filed, withdrawn. (House) - 2025-04-10: Placed on calendar under unfinished business. (House) - 2025-04-02: Placed on calendar. (House) - 2025-04-02: Committee vote: Yeas, 18. Nays, 1. Excused, 3. (House) - 2025-04-02: Committee report, recommending passage. (House) - 2025-03-31: Subcommittee recommends passage. (legislature) - 2025-03-28: Subcommittee Meeting: 03/31/2025 12:00PM House Lounge. (House) - 2025-03-28: Subcommittee: Lundgren, Judge and Lawler. (House) - 2025-03-27: Read first time, referred to Commerce. (House) - 2025-03-26: Message from Senate. (House) - 2025-03-26: Immediate message. (Senate) - 2025-03-26: Passed Senate, yeas 45, nays 2. (Senate) - 2025-03-26: Amendment S-3057 filed, adopted. (Senate) - 2025-02-26: Committee report, approving bill. (Senate) - 2025-02-26: Introduced, placed on calendar. (Senate) ## Bill text - As Introduced: [PDF](https://www.legis.iowa.gov/docs/publications/LGI/91/SF449.pdf) - Enrolled: [PDF](https://www.legis.iowa.gov/docs/publications/LGE/91/SF449.pdf) ## Related bills - HF 2801: A bill for an act modifying the major economic growth attraction program, and including effective date provisions. (Formerly HSB 785.) Effective date: 10/02/20… (signed) - SF 2472: A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions… (signed) - HF 2601: A bill for an act relating to campaign finance, including participation in ballot issue campaigns by foreign nationals and investigations of election misconduc… (signed) - SF 2399: A bill for an act relating to bail and bond amounts and conditions. (Formerly SSB 3162.) Effective date: 07/01/2026. (signed) - SF 2471: A bill for an act relating to fees for lifetime fur harvester licenses. (Formerly SF 2317, SSB 3121.) Effective date: 07/01/2026. (signed) - SF 2299: A bill for an act relating to the district-to-community college sharing or concurrent enrollment program. (Formerly SF 2176.) Vetoed 6-2-26. (vetoed) ## Sources - [As Introduced (PDF)](https://www.legis.iowa.gov/docs/publications/LGI/91/SF449.pdf) - [Enrolled (PDF)](https://www.legis.iowa.gov/docs/publications/LGE/91/SF449.pdf) ## Related - [HF 2801: A bill for an act modifying the major economic growth attraction program, and i…](https://policyrisk.com/state-bill/IA-HF2801-2025-2026) - [SF 2472: A bill for an act relating to state and local government taxes, fees, financial…](https://policyrisk.com/state-bill/IA-SF2472-2025-2026) - [HF 2601: A bill for an act relating to campaign finance, including participation in ball…](https://policyrisk.com/state-bill/IA-HF2601-2025-2026) - [SF 2399: A bill for an act relating to bail and bond amounts and conditions. (Formerly S…](https://policyrisk.com/state-bill/IA-SF2399-2025-2026) - [SF 2471: A bill for an act relating to fees for lifetime fur harvester licenses. (Former…](https://policyrisk.com/state-bill/IA-SF2471-2025-2026) - [SF 2299: A bill for an act relating to the district-to-community college sharing or conc…](https://policyrisk.com/state-bill/IA-SF2299-2025-2026) - [Iowa bills](https://policyrisk.com/states/iowa/bills) - [Iowa state hub](https://policyrisk.com/states/iowa) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IA-SF449-2025-2026 (as of 2026-10-18).