IndianaHB 1047Second Regular Session 124th General Assembly (2026)House

Regulation of payroll service providers.

Sponsored By: Jake Teshka (Republican)

Failed

Summary

Requires a payroll service provider to provide the option to a business client that would allow the business client to hold the business client's funds in a bank account that is: (1) owned by the business client (as opposed to the payroll service provider's bank account); and (2) insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund. Requires a payroll service provider to obtain a performance bond equal to the amount of the business client's total annual estimated payroll taxes.

financial institutions

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jake Teshka

    Republican • House

Cosponsors

  • Mike Andrade

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Representative Andrade added as coauthor

    1/8/2026House
  2. Authored by Representative Teshka

    12/2/2025House
  3. First reading: referred to Committee on Financial Institutions

    12/2/2025House

Bill Text

  • Introduced House Bill (H)

Related Bills

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