# Nebraska LB250: Change provisions relating to qualifications of the board of directors of a bank Nebraska LB250, Change provisions relating to qualifications of the board of directors of a bank, is a 109th Legislature 1st and 2nd Sessions legislature bill sponsored by Mike Jacobson; status signed, last action 2025-03-11 (Approved by Governor on March 11, 2025) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/NE-LB250-109 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nebraska LB250 - State: Nebraska - Session: 109th Legislature 1st and 2nd Sessions - Title: Change provisions relating to qualifications of the board of directors of a bank - Status: signed - Chamber: legislature - Introduced: 2025-01-14 - Last action: 2025-03-11, Approved by Governor on March 11, 2025 - Sponsor: Mike Jacobson - Cosponsors: 0 - Subjects: Banking, Commerce and Insurance Committee - Touches household money: no - Roll calls: 6 (246 yes, 1 no in all) - Economic provisions PRIA read: 2 ## Summary No summary available. ## Bill overview: provisions PRIA read - Banks must try for local directors: mixed, low. Nebraska banks must make reasonable efforts so most board members live locally. A majority should have their primary home in Nebraska, within 25 miles of the main office, in the main office’s county, or in a county with a branch. This keeps a local focus but is less strict than the old residency ru… - Stronger vetting of bank directors: mixed, low. Directors must have good moral character, known integrity, and business experience. A bank must apply to the Department of Banking and Finance before anyone can serve as a director. The Director can revoke approval after an investigation and a hearing if a director runs the bank unsafely or endange… ## Sponsors and cosponsors - Sponsor: Mike Jacobson, Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-06 | legislature | Final Reading | pass | 47 | 1 | | | 2025-02-25 | legislature | Vote | fail | 38 | 0 | 11 | | 2025-02-05 | legislature | Vote | fail | 43 | 0 | 6 | | 2025-02-05 | legislature | Vote | fail | 40 | 0 | 9 | | | legislature | Vote | fail | 40 | 0 | 9 | | | legislature | Vote | fail | 38 | 0 | 11 | ## Actions (19) - 2025-03-11: Approved by Governor on March 11, 2025 (legislature) - 2025-03-06: Presented to Governor on March 6, 2025 (legislature) - 2025-03-06: President/Speaker signed (legislature) - 2025-03-06: Passed on Final Reading 47-1*-1 (legislature) - 2025-03-03: Placed on Final Reading (legislature) - 2025-02-25: Advanced to Enrollment and Review for Engrossment (legislature) - 2025-02-25: Jacobson AM256 adopted (legislature) - 2025-02-25: Enrollment and Review ER7 adopted (legislature) - 2025-02-21: Jacobson AM256 filed (legislature) - 2025-02-12: Enrollment and Review ER7 filed (legislature) - 2025-02-12: Placed on Select File with ER7 (legislature) - 2025-02-11: Hallstrom name added (legislature) - 2025-02-05: Advanced to Enrollment and Review Initial (legislature) - 2025-02-05: Banking, Commerce and Insurance AM58 adopted (legislature) - 2025-01-29: Banking, Commerce and Insurance AM58 filed (legislature) - 2025-01-29: Placed on General File with AM58 (legislature) - 2025-01-16: Notice of hearing for January 28, 2025 (legislature) - 2025-01-16: Referred to Banking, Commerce and Insurance Committee (legislature) - 2025-01-14: Date of introduction (legislature) ## Bill text - Introduced, 2025-01-14: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB250.pdf) - Enrolled / Slip Law: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB250.pdf) - Final / Enacted: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB250.pdf) ## Related bills - LB468: Change provisions relating to inheritance taxes, change certain fee and tax provisions, and eliminate a sales tax exemption relating to data centers (failed) - LB13: Require the Department of Health and Human Services to file a state plan amendment relating to child care (failed) - LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide for regulation of medical cannabis (failed) - LB646: Provide an exemption from brand inspections and change fees under the Livestock Brand Act (failed) - LB170: Eliminate the sales tax exemptions for candy and soft drinks (failed) - LB714: Change provisions relating to motor vehicle taxes and fees (failed) ## Sources - [Introduced (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB250.pdf) - [Enrolled / Slip Law (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB250.pdf) - [Final / Enacted (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB250.pdf) ## Related - [LB468: Change provisions relating to inheritance taxes, change certain fee and tax pro…](https://policyrisk.com/state-bill/NE-LB468-109) - [LB13: Require the Department of Health and Human Services to file a state plan amendm…](https://policyrisk.com/state-bill/NE-LB13-109) - [LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide f…](https://policyrisk.com/state-bill/NE-LB677-109) - [LB646: Provide an exemption from brand inspections and change fees under the Livestock…](https://policyrisk.com/state-bill/NE-LB646-109) - [LB170: Eliminate the sales tax exemptions for candy and soft drinks](https://policyrisk.com/state-bill/NE-LB170-109) - [LB714: Change provisions relating to motor vehicle taxes and fees](https://policyrisk.com/state-bill/NE-LB714-109) - [Nebraska bills](https://policyrisk.com/states/nebraska/bills) - [Nebraska state hub](https://policyrisk.com/states/nebraska) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/NE-LB250-109 (as of 2026-10-19).