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NebraskaLB836109th Legislature 1st and 2nd Sessionslegislature

Change and eliminate provisions relating to charges for examination of financial institutions, levying assessments, fees, and costs on financial entities, and transfers from a fund

Sponsored By: Mike Jacobson

Signed by Governor

Banking, Commerce and Insurance Committee

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 2 costs, 0 mixed.

Higher fees and penalties for financial firms

The Director can charge annual assessments to chartered, licensed, or registered financial firms. Fees may be based on asset size, loan or servicing volume, money transmission, or total transactions. Digital asset depositories must pay enough to cover supervision and administration costs. When counting assets for holding companies or digital asset depositories, assets already assessed and nationally chartered banks are excluded. If an extra exam or investigation is needed, the firm pays those costs. If it requires travel outside Nebraska, travel expenses may also be billed. Payment dates must be at least 30 days after billing. If a bill is unpaid after that date, the Department may fine the firm daily after notice and a hearing. At 60 days past due, the Department may suspend or revoke a charter or license after a hearing. The Director may allow installment payments.

Banking fees dedicated to oversight fund

Most assessments, exam fees, investigation fees, filing, registration, and licensing fees go to the State Treasurer for the Financial Institution Assessment Cash Fund. Fines go to the State Treasurer and are distributed as the Nebraska Constitution requires. The fund can be used only to run and enforce the listed banking laws. Prior authority to transfer money from this fund to the General Fund is removed.

Regulators can rely on federal exams

The Director of Banking and Finance can share bank exam reports with federal banking regulators or a foreign state agency. The Director can accept their reports instead of doing a Nebraska exam. Those reports stay the property and confidential record of the agency that provided them. Any request or subpoena for those reports must go to that agency, not Nebraska.

Data centers pay for bank exams

If your data center contracts with a bank to run its electronic processing, the Department can examine your books. The Department can bill you for the time spent on that exam at a rate set by the Director.

Sponsors & Cosponsors

Sponsor

  • Mike Jacobson

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 173 • No: 0

legislature vote • 2/27/2026

Final Reading

Yes: 48 • No: 0 • Other: 1

legislature vote • 1/30/2026

Vote

Yes: 41 • No: 0 • Other: 8

legislature vote • 1/30/2026

Vote

Yes: 42 • No: 0 • Other: 7

legislature vote • Unknown

Vote

Yes: 42 • No: 0 • Other: 7

Actions Timeline

  1. Approved by Governor on March 3, 2026

    3/3/2026legislature

  2. Presented to Governor on February 27, 2026

    3/3/2026legislature

  3. President/Speaker signed

    2/27/2026legislature

  4. Passed on Final Reading 48-0-1

    2/27/2026legislature

  5. Dispensing of reading at large approved

    2/27/2026legislature

  6. Placed on Final Reading

    2/24/2026legislature

  7. Advanced to Enrollment and Review for Engrossment

    2/17/2026legislature

  8. Kauth FA476 withdrawn

    2/17/2026legislature

  9. Enrollment and Review ER114 adopted

    2/17/2026legislature

  10. Enrollment and Review ER114 filed

    2/5/2026legislature

  11. Placed on Select File with ER114

    2/5/2026legislature

  12. Advanced to Enrollment and Review Initial

    1/30/2026legislature

  13. Banking, Commerce and Insurance AM1780 adopted

    1/30/2026legislature

  14. Banking, Commerce and Insurance AM1780 filed

    1/28/2026legislature

  15. Placed on General File with AM1780

    1/28/2026legislature

  16. Notice of hearing for January 27, 2026

    1/15/2026legislature

  17. Referred to Banking, Commerce and Insurance Committee

    1/12/2026legislature

  18. Kauth FA476 filed

    1/9/2026legislature

  19. Date of introduction

    1/8/2026legislature

Bill Text

  • Introduced

    1/8/2026

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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