All Roll Calls
Yes: 276 • No: 9
KansasHB 21522025–2026 Regular SessionHouseWALLET
Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.
Sponsored By: Sponsor information unavailable
Signed by Governor
financial institutions and insurancefinancial institutions and pensionsfederal and state affairs
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Bill Overview
Analyzed Economic Effects
6 provisions identified: 4 benefits, 0 costs, 2 mixed.
Stronger protection for public deposits
Beginning January 1, 2026, banks that hold public funds must secure all money above FDIC limits with a pooled set of securities worth at least 102% of the uninsured amount. The state treasurer or a named administrator runs the pool, sets rules, and gets monthly reports by the 10th. The administrator reports to each government within 20 days and gives a five‑business‑day cure if collateral drops, with enforcement after. On request, banks and the administrator must show each unit’s uninsured amount, the pool’s market value, and a list of the pool’s securities as of a date the unit picks. If a bank fails, the administrator totals insured and uninsured amounts and repays verified uninsured balances from pledged securities, pro rata if short; the FDIC may do these duties when it is the receiver. Each unit must verify the default report within 10 business days. Banks cannot use the pooled method until the treasurer sets it up or assigns an administrator.
Bans self-dealing by public money advisers
The law bans an investment adviser who runs bids for a government unit from trading as principal in the same or directly related securities with that unit. This reduces conflicts of interest. Existing exceptions for some federally registered advisers still apply.
Local governments can negotiate deposit rates
A government unit may accept any deposit interest rate it agrees to with an eligible bank. When a local bank has a main or branch office, the unit must pick banks that offer at or above the investment rate. When asking for bids, banks get two business days to respond.
More transparency for local investments
Deposits into the municipal investment pool must include a certificate that the unit first offered deposits to eligible banks in the prior year and list the banks asked to bid. Cities, counties, and school districts must list last year’s bid requests, file an annual holdings report, and disclose any adviser fees in pooled‑money‑board‑approved policies. The pooled money investment board reports approved entities and documents to the legislature each year.
Updated law for securing public deposits
The law updates state statutes to allow a pooled securities method to secure government deposits. It repeals and replaces older sections with this new framework.
New complaint process and penalties
Banks and similar institutions can file a signed complaint with the state treasurer when a government unit breaks the public money rules. The treasurer reviews the facts. If probable cause exists, the complaint becomes public and a hearing is set within 30 days. The attorney general and the pooled money investment board are notified. A first knowing violation requires treasurer‑approved training. Second and later knowing violations can be fined up to $500 per violation. Complaints stay confidential until July 1, 2030 unless the legislature extends that date.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/23/2026
Yea: 40 Nay: 0
Yes: 40 • No: 0
House vote • 4/23/2026
Yea: 119 Nay: 4
Yes: 119 • No: 4
House vote • 4/23/2026
Yea: 117 Nay: 5
Yes: 117 • No: 5
Actions Timeline
Approved by Governor on Thursday, April 3, 2025
4/10/2025HouseEngrossed on Thursday, March 27, 2025
3/27/2025HouseEnrolled and presented to Governor on Friday, March 28, 2025
3/27/2025HouseConcurred with amendments; Yea: 117 Nay: 5
3/24/2025HouseCommittee of the Whole - Committee Report be adopted
3/20/2025SenateCommittee of the Whole - Be passed as amended
3/20/2025SenateEmergency Final Action - Passed as amended; Yea: 40 Nay: 0
3/20/2025SenateCommittee Report recommending bill be passed as amended by Committee on Financial Institutions and Insurance
3/18/2025SenateHearing continuation: Monday, March 17, 2025, 9:30 AM Room 546-S
3/17/2025SenateHearing: Thursday, March 13, 2025, 9:30 AM Room 546-S
3/13/2025SenateFinal Action - Substitute passed; Yea: 119 Nay: 4
3/11/2025HouseReceived and Introduced
3/11/2025SenateReferred to Committee on Financial Institutions and Insurance
3/11/2025SenateCommittee of the Whole - Committee Report be adopted recommending substitute bill be passed
3/10/2025HouseCommittee of the Whole - Substitute bill be passed
3/10/2025HouseCommittee Report recommending substitute bill be passed by Committee on Financial Institutions and Pensions
3/4/2025HouseHearing continuation: Wednesday, February 26, 2025, 9:00 AM Room 582-N
2/26/2025HouseWithdrawn from Committee on Federal and State Affairs; Referred to Committee on Financial Institutions and Pensions
2/20/2025HouseWithdrawn from Committee on Financial Institutions and Pensions; Referred to Committee on Federal and State Affairs
2/17/2025HouseHearing: Monday, February 3, 2025, 9:00 AM Room 582-N
2/3/2025HouseIntroduced
1/29/2025HouseReferred to Committee on Financial Institutions and Pensions
1/29/2025House
Bill Text
As Amended by Senate Committee
As introduced
Enrolled
Sub
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