All Roll Calls
Yes: 96 • No: 39
WyomingSF 552026 Budget SessionSenate
AN ACT relating to banks, banking and finance; amending special purpose depository institution initial capital stock requirements; amending requirements for special purpose depository institutions to commence business as specified; amending requirements for the application to charter special purpose depository institutions as specified; amending the timeline special purpose depository institutions must commence business; authorizing appeals of decisions of the commissioner; amending the appealable court for decisions relating to special purpose depository institutions; creating a special purpose depository institution resolution fund account; specifying authorized expenditures and the investment of funds in the account; requiring a portion of supervisory fees to be paid to the account; repealing the requirement that special purpose depository institutions maintain a contingency account; making conforming amendments; requiring rulemaking; and providing for effective dates.
Sponsored By: Chris Rothfuss (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 0 costs, 2 mixed.
Wyoming specialty banks gain court appeal options
Beginning July 1, 2026, applicants and institutions can appeal specified banking board or commissioner decisions. These include decisions about charters, operating certificates, opening requirements, and deadline extensions. Appeals can go to the county district court or Wyoming chancery court. Grounds also include failure to make required findings or take legally required actions.
Wyoming specialty banks get longer startup deadlines
Beginning July 1, 2026, charter applicants estimate one year of operating costs instead of three. Applications need a detailed business plan, a compliance plan, and a plan to raise capital—not proof it is already raised. The commissioner can set the application form and opening requirements by rule. Approved institutions have one year after their certificate is issued to open, up from six months, or their approval expires. The board can extend that deadline for good cause if the institution applies before the year ends. The commissioner's duty to issue implementing rules took effect upon enactment.
Wyoming specialty banks fund forced shutdown oversight
Beginning July 1, 2026, these institutions no longer must keep their own contingency accounts. Instead, part of each supervisory fee goes into a state fund for overseeing forced shutdowns. Fees are calculated and paid January 31 and July 31, using assets from the preceding December 31 and June 30. Exemptions and cost-based adjustments apply; fees also support the commissioner's office and supervision. The commissioner sets the fund's share by rule; the law gives no fixed share or appropriation amount. The treasurer invests the money, credits earnings to the fund, and unused money stays in the account. Spending is limited to the commissioner's duties during involuntary dissolution. Payments require state auditor warrants backed by vouchers signed by the audit department director or commissioner.
Wyoming specialty banks need smaller operating reserves
Beginning July 1, 2026, Wyoming special purpose depository institutions need at least $5 million in fully paid capital stock. Before opening, their full authorized capital must be subscribed, and all capital stock must be fully paid. They also need paid-up surplus of at least 20% of authorized capital stock. Undivided profits must cover at least one year of estimated operating costs, down from three years. The estimate comes from the charter application or requirements set by the banking commissioner.
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 36-25-1-0-0
Yes: 36 • No: 25
House vote • 3/2/2026
H09 - Minerals:Recommend Do Pass 7-1-1-0-0
Yes: 7 • No: 1
Senate vote • 2/23/2026
S 3rd Reading:Passed 26-5-0-0-0
Yes: 26 • No: 5
Senate vote • 2/18/2026
S09 - Minerals:Recommend Do Pass 5-0-0-0-0
Yes: 5 • No: 0
Senate vote • 2/10/2026
S Introduced and Referred to S09 - Minerals 22-8-1-0-0
Yes: 22 • No: 8
Actions Timeline
Assigned Chapter Number 75
3/7/2026Governor Signed SEA No. 0054
3/7/2026GovernorH Speaker Signed SEA No. 0054
3/5/2026HouseS President Signed SEA No. 0054
3/5/2026SenateAssigned Number SEA No. 0054
3/5/2026H 3rd Reading:Passed 36-25-1-0-0
3/5/2026HouseH 2nd Reading:Passed
3/4/2026HouseH COW:Passed
3/3/2026HouseH Placed on General File
3/2/2026HouseH09 - Minerals:Recommend Do Pass 7-1-1-0-0
3/2/2026HouseH Introduced and Referred to H09 - Minerals
2/26/2026HouseH Received for Introduction
2/23/2026HouseS 3rd Reading:Passed 26-5-0-0-0
2/23/2026SenateS 2nd Reading:Passed
2/20/2026SenateS COW:Passed
2/19/2026SenateS Placed on General File
2/18/2026SenateS09 - Minerals:Recommend Do Pass 5-0-0-0-0
2/18/2026SenateS Introduced and Referred to S09 - Minerals 22-8-1-0-0
2/10/2026SenateS Received for Introduction
1/29/2026SenateBill Number Assigned
1/27/2026
Bill Text
Enrolled
Introduced
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