# Wyoming SF 55: 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. Wyoming SF 55, 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., is a 2026 Budget Session Senate bill sponsored by Chris Rothfuss (Democratic); status signed, last action 2026-03-07 (Assigned Chapter Number 75) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/WY-SF55-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Wyoming SF 55 - State: Wyoming - Session: 2026 Budget Session - Title: 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. - Status: signed - Chamber: Senate - Introduced: 2026-01-27 - Last action: 2026-03-07, Assigned Chapter Number 75 - Sponsor: Chris Rothfuss (Democratic) - Cosponsors: 6 - Touches household money: no - Roll calls: 5 (96 yes, 39 no in all) - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - Wyoming specialty banks gain court appeal options: benefit, low. 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. Gro… - Wyoming specialty banks get longer startup deadlines: benefit, low. 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… - Wyoming specialty banks fund forced shutdown oversight: mixed, low. 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.… - Wyoming specialty banks need smaller operating reserves: mixed, low. 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 capi… ## Sponsors and cosponsors - Sponsor: Chris Rothfuss (Democratic), Senate - Cosponsor: Lee Filer (Republican), House - Cosponsor: Daniel Singh (Republican), House - Cosponsor: Mike Yin (Democratic), House - Cosponsor: Barry Crago (Republican), Senate - Cosponsor: Tara Nethercott (Republican), Senate - Cosponsor: Jared Olsen (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-03-05 | House | H 3rd Reading:Passed 36-25-1-0-0 | pass | 36 | 25 | | | 2026-03-02 | House | H09 - Minerals:Recommend Do Pass 7-1-1-0-0 | pass | 7 | 1 | | | 2026-02-23 | Senate | S 3rd Reading:Passed 26-5-0-0-0 | pass | 26 | 5 | | | 2026-02-18 | Senate | S09 - Minerals:Recommend Do Pass 5-0-0-0-0 | pass | 5 | 0 | | | 2026-02-10 | Senate | S Introduced and Referred to S09 - Minerals 22-8-1-0-0 | pass | 22 | 8 | | ## Actions (20) - 2026-03-07: Assigned Chapter Number 75 - 2026-03-07: Governor Signed SEA No. 0054 (Governor) - 2026-03-05: H Speaker Signed SEA No. 0054 (House) - 2026-03-05: S President Signed SEA No. 0054 (Senate) - 2026-03-05: Assigned Number SEA No. 0054 - 2026-03-05: H 3rd Reading:Passed 36-25-1-0-0 (House) - 2026-03-04: H 2nd Reading:Passed (House) - 2026-03-03: H COW:Passed (House) - 2026-03-02: H Placed on General File (House) - 2026-03-02: H09 - Minerals:Recommend Do Pass 7-1-1-0-0 (House) - 2026-02-26: H Introduced and Referred to H09 - Minerals (House) - 2026-02-23: H Received for Introduction (House) - 2026-02-23: S 3rd Reading:Passed 26-5-0-0-0 (Senate) - 2026-02-20: S 2nd Reading:Passed (Senate) - 2026-02-19: S COW:Passed (Senate) - 2026-02-18: S Placed on General File (Senate) - 2026-02-18: S09 - Minerals:Recommend Do Pass 5-0-0-0-0 (Senate) - 2026-02-10: S Introduced and Referred to S09 - Minerals 22-8-1-0-0 (Senate) - 2026-01-29: S Received for Introduction (Senate) - 2026-01-27: Bill Number Assigned ## Bill text - Enrolled: [PDF](https://wyoleg.gov/2026/Enroll/SF0055.pdf) - Introduced: [PDF](https://wyoleg.gov/2026/Introduced/SF0055.pdf) ## Related bills - HB 178: AN ACT relating to labor and employment; prohibiting public employers and specified organizations from automatic deductions of dues and uniform assessments as… (vetoed) - SF 101: AN ACT relating to the protection of constitutional rights; amending the Second Amendment Protection Act as specified; creating exceptions to the Second Amendm… (vetoed) - SF 81: AN ACT relating to K-12 public school finance; implementing the 2025 cost of education study as modified by the legislature; modifying the education resource b… (became law) - SF 1: AN ACT to make appropriations for the fiscal biennium commencing July 1, 2026 and ending June 30, 2028; providing definitions; providing for appropriations and… (signed) - SF 66: AN ACT relating to game and fish; authorizing persons with life threatening illnesses and persons who are vision-impaired to receive donated hunting licenses a… (signed) - SF 61: AN ACT relating to taxation and revenue; providing a sales tax and use tax exemption to the purchase or transfer of a motor vehicle to family members as specif… (signed) ## Sources - [Enrolled (PDF)](https://wyoleg.gov/2026/Enroll/SF0055.pdf) - [Introduced (PDF)](https://wyoleg.gov/2026/Introduced/SF0055.pdf) ## Related - [HB 178: AN ACT relating to labor and employment; prohibiting public employers and speci…](https://policyrisk.com/state-bill/WY-HB178-2026) - [SF 101: AN ACT relating to the protection of constitutional rights; amending the Second…](https://policyrisk.com/state-bill/WY-SF101-2026) - [SF 81: AN ACT relating to K-12 public school finance; implementing the 2025 cost of ed…](https://policyrisk.com/state-bill/WY-SF81-2026) - [SF 1: AN ACT to make appropriations for the fiscal biennium commencing July 1, 2026 a…](https://policyrisk.com/state-bill/WY-SF1-2026) - [SF 66: AN ACT relating to game and fish; authorizing persons with life threatening ill…](https://policyrisk.com/state-bill/WY-SF66-2026) - [SF 61: AN ACT relating to taxation and revenue; providing a sales tax and use tax exem…](https://policyrisk.com/state-bill/WY-SF61-2026) - [Wyoming bills](https://policyrisk.com/states/wyoming/bills) - [Wyoming state hub](https://policyrisk.com/states/wyoming) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/WY-SF55-2026 (as of 2026-11-01).