All Roll Calls
Yes: 102 • No: 32
WyomingSF 542026 Budget SessionSenateWALLET
AN ACT relating to banks, banking and finance; providing for the conversion of special purpose depository institutions into state banks; providing for the conversion of state banks into special purpose depository institutions; requiring rulemaking; and providing for effective dates.
Sponsored By: Chris Rothfuss (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Rulemaking now, most changes start 2026
Effective immediately, the banking commissioner must start rulemaking. The commissioner must finish all rules by July 1, 2026. Most other changes in this act take effect July 1, 2026. Sections 3 and 4, including this rulemaking requirement and the effective‑date section, are effective now.
Banks can switch between Wyoming charters
Beginning July 1, 2026, Wyoming banks and special purpose depository institutions can switch charters. A shareholder‑approved plan is required, plus board and commissioner approval, meeting capital rules, and paying the conversion fee. Before doing business, the new charter must have a state certificate of authority and any required federal deposit insurance. An expedited track lets the commissioner decide a complete conversion filing in 90 days; for the certificate, the commissioner must act within 30 days and issue it within 20 days, and lack of action within 30 days counts as approval. If denied, applicants have up to 90 days to fix problems. The new bank or SPDI must start business within one year or the charter expires. The firm must surrender the old charter, drop the old designation from its name, and it is treated as the same age as before. State‑bank statutes generally do not apply to SPDIs unless the conversion law says they do.
Sponsors & Cosponsors
Sponsor
Chris Rothfuss
Democratic • Senate
Cosponsors
Lee Filer
Republican • House
Daniel Singh
Republican • House
Mike Yin
Democratic • House
Barry Crago
Republican • Senate
Tara Nethercott
Republican • Senate
Jared Olsen
Republican • Senate
Roll Call Votes
House vote • 3/5/2026
H 3rd Reading:Passed 37-24-1-0-0
Yes: 37 • No: 24
House vote • 3/2/2026
H09 - Minerals:Recommend Do Pass 8-0-1-0-0
Yes: 8 • No: 0
Senate vote • 2/23/2026
S 3rd Reading:Passed 27-4-0-0-0
Yes: 27 • No: 4
Senate vote • 2/18/2026
S09 - Minerals:Recommend Do Pass 4-0-1-0-0
Yes: 4 • No: 0
Senate vote • 2/10/2026
S Introduced and Referred to S09 - Minerals 26-4-1-0-0
Yes: 26 • No: 4
Actions Timeline
Governor Signed SEA No. 0053
3/7/2026GovernorAssigned Chapter Number 74
3/7/2026H 3rd Reading:Passed 37-24-1-0-0
3/5/2026HouseAssigned Number SEA No. 0053
3/5/2026S President Signed SEA No. 0053
3/5/2026SenateH Speaker Signed SEA No. 0053
3/5/2026HouseH 2nd Reading:Passed
3/4/2026HouseH COW:Passed
3/3/2026HouseH09 - Minerals:Recommend Do Pass 8-0-1-0-0
3/2/2026HouseH Placed on General File
3/2/2026HouseH Introduced and Referred to H09 - Minerals
2/26/2026HouseS 3rd Reading:Passed 27-4-0-0-0
2/23/2026SenateH Received for Introduction
2/23/2026HouseS 2nd Reading:Passed
2/20/2026SenateS COW:Passed
2/19/2026SenateS09 - Minerals:Recommend Do Pass 4-0-1-0-0
2/18/2026SenateS Placed on General File
2/18/2026SenateS Introduced and Referred to S09 - Minerals 26-4-1-0-0
2/10/2026SenateS Received for Introduction
1/29/2026SenateBill Number Assigned
1/27/2026
Bill Text
Enrolled
Introduced
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