# Iowa SF 608: A bill for an act regulating the marketing of grain, by providing for fees paid by grain dealers and warehouse operators into the grain depositors and sellers indemnity fund, and the payment of claims to reimburse sellers and depositors for losses covered by the fund, and including effective date and applicability provisions. (Formerly SSB 1131.) Effective date: 05/27/2025, 07/01/2025. Applicability date: 10/24/2022. Iowa SF 608, A bill for an act regulating the marketing of grain, by providing for fees paid by grain dealers and warehouse operators into the grain depositors and sellers indemnity fund, and the payment of claims to reimburse sellers and depositors for losses covered by the fund, and including effective date and applicability provisions. (Formerly SSB 1131.) Effective date: 05/27/2025, 07/01/2025. Applicability date: 10/24/2022., is a 91st General Assembly (2025–2026) Senate bill sponsored by COMMITTEE ON WAYS AND MEANS; status signed, last action 2025-05-27 (Signed by Governor.); PRIA reads it as touching household money (as of 2026-10-18). - Canonical: https://policyrisk.com/state-bill/IA-SF608-2025-2026 - 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 608 - State: Iowa - Session: 91st General Assembly (2025–2026) - Title: A bill for an act regulating the marketing of grain, by providing for fees paid by grain dealers and warehouse operators into the grain depositors and sellers indemnity fund, and the payment of claims to reimburse sellers and depositors for losses covered by the fund, and including effective date and applicability provisions. (Formerly SSB 1131.) Effective date: 05/27/2025, 07/01/2025. Applicability date: 10/24/2022. - Status: signed - Chamber: Senate - Introduced: 2025-03-13 - Last action: 2025-05-27, Signed by Governor. - Sponsor: COMMITTEE ON WAYS AND MEANS - Cosponsors: 0 - Touches household money: yes - Roll calls: 3 (165 yes, 11 no in all) - Economic provisions PRIA read: 5 ## Summary No summary available. ## Bill overview: provisions PRIA read - Grain businesses face tighter financial checks: cost, medium. Beginning July 1, 2025, licensed grain dealers and warehouses must file financial statements with clean audit opinions from Iowa-licensed accountants. The state can require extra statements, but no more than one clean audit opinion yearly. Credit-sale dealers need $0.50 net worth per outstanding bu… - Grain sellers gain capped loss payments: mixed, high. Eligible sellers recover 90% of covered losses outside credit-sale contracts, or 75% for deferred-pricing contracts; deferred-payment losses are excluded. Total payments cannot exceed $400,000 and may fall to $300,000 based on how much loss comes from deferred pricing. Dealers must obtain sellers’… - Grain fund coverage expands with exclusions: mixed, medium. Producers selling their own grain to licensed dealers can qualify; using a credit-sale contract alone no longer bars coverage. Licensed grain dealers and sellers using deferred-payment contracts are excluded. Grain grown outside Iowa qualifies only when an Iowa licensed dealer receives it as the fi… - Grain fees allow installments and seller deductions: mixed, low. Grain licensees can pay participation fees with renewal or in four 25% installments on state-set dates after assessment quarters. New-license fees equal the full annual fee due on the first anniversary, defined by the last renewal-application date before expiration. Dealers remit per-bushel fees an… - Grain sellers get clearer payment rules: mixed, low. Beginning July 1, 2025, dealers must pay at delivery or upon the seller’s later demand, except under credit-sale contracts. Without a demand, payment is due by the dealer’s last scheduled payment date under state rules. Credit-sale payments follow the contract: deferred-payment means an agreed pric… ## Sponsors and cosponsors - Sponsor: COMMITTEE ON WAYS AND MEANS ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-05-14 | Senate | Passed Senate | pass | 45 | 0 | | | 2025-05-08 | House | Passed House | pass | 81 | 3 | | | 2025-04-07 | Senate | Passed Senate | pass | 39 | 8 | | ## Actions (20) - 2025-05-27: Signed by Governor. (Senate) - 2025-05-23: Reported correctly enrolled, signed by President and Speaker, and sent to Governor. (Senate) - 2025-05-14: Message from Senate. (House) - 2025-05-14: Immediate message. (Senate) - 2025-05-14: Passed Senate, yeas 45, nays 0. (Senate) - 2025-05-14: Senate concurred with S-3145. (Senate) - 2025-05-13: Explanation of vote. (House) - 2025-05-09: Message from House, with amendment S-3145. (Senate) - 2025-05-08: Immediate message. (House) - 2025-05-08: Passed House, yeas 81, nays 3. (House) - 2025-05-08: Amendment H-1296 filed, adopted. (House) - 2025-05-08: Substituted for HF 999. (House) - 2025-04-08: Read first time, passed on file. (House) - 2025-04-08: Message from Senate. (House) - 2025-04-07: Immediate message. (Senate) - 2025-04-07: Passed Senate, yeas 39, nays 8. (Senate) - 2025-04-07: Amendment S-3074 filed, adopted. (Senate) - 2025-04-03: Placed on calendar under unfinished business. (Senate) - 2025-03-13: Committee report, approving bill. (Senate) - 2025-03-13: Introduced, placed on Ways and Means calendar. (Senate) ## Bill text - As Introduced: [PDF](https://www.legis.iowa.gov/docs/publications/LGI/91/SF608.pdf) - Enrolled: [PDF](https://www.legis.iowa.gov/docs/publications/LGE/91/SF608.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/SF608.pdf) - [Enrolled (PDF)](https://www.legis.iowa.gov/docs/publications/LGE/91/SF608.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-SF608-2025-2026 (as of 2026-10-18).