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HF 986 Iowa House · 2025-2026 Regular Session

A bill for an act relating to matters under the purview of the department of insurance and financial services, the utilities commission, and the department of transportation, including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, service contracts, the Iowa individual health benefit reinsurance association, and the Iowa cemetery Act, motor vehicle financial liability coverage, and including penalties and effective date provisions.

HF 986 establishes new funds and initiatives to enhance financial literacy and prevent financial exploitation for the public. It creates a Financial Literacy and Investor Education Fund and a Financial Exploitation Prevention Fund, which are partially funded by reallocating a portion of agent registration fees. The bill also establishes a Senior Health Insurance Information Program Fund to provide educational materials on health insurance for older Iowans. These provisions aim to educate Iowans on financial topics and assist potential victims of financial exploitation.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates new funds (Financial Literacy, Exploitation Prevention) via reallocated agent fees, advancing fiscal responsibility through targeted budgeting.95% confidence ✓ HealthcareSupports HealthcareCreates Senior Health Insurance Information Program Fund to educate seniors on health insurance options, improving access to coverage understanding.75% confidence
Bill status passed 3 of 5 stages cleared
Introduction
Apr 2025
Committee Review
Jan 2026
House Passage
Apr 2025
Senate Passage
Governor
Introduced Apr 7, 2025 Last action Jan 22, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Reprinted · 5 edits
MODERATE
This bill was reprinted and amended to expand its scope from insurance and financial services to include the utilities commission, department of transportation, and additional insurance-related programs. The bill now covers more topics including the Iowa individual health benefit reinsurance association, cemetery Act, and motor vehicle financial liability coverage, while maintaining core provisions about financial literacy and exploitation prevention funds.
Scope change
The bill's scope was significantly expanded to include the department of transportation, utilities commission, and additional insurance programs beyond the original insurance and financial services focus.
SCOPE

Added department of transportation and utilities commission to the bill's purview, expanding regulatory oversight beyond just insurance and financial services.

Incorporated the Iowa individual health benefit reinsurance association, Iowa cemetery Act, and motor vehicle financial liability coverage into the bill's coverage.

FISCAL

Added a new senior health insurance information program fund under Section 505.8 to support health insurance education for older Iowans.

TECHNICAL

Changed bill numbering from HF 986 to House File 986 and updated formatting from line-by-line markup to standard bill format.

TIMELINE

Added effective date provisions to the bill's scope description, indicating new timing requirements for implementation.

Floor votes · House Apr 24, 2025

How they voted

85–5
Passed · 10 other
Total votes 100
Apr 24, 2025
D Democratic32
26 Yea 5 Nay 1
81% Yea
R Republican68
59 Yea 9
86% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
9
Committee
5
Amendments
7
Jan 22, 2026
Upper · Passed
Subcommittee: Bousselot, Blake, and Rowley.
upper
Jan 14, 2026
Committee
Referred to Commerce.
upper
May 8, 2025
Legislature · Passed
Subcommittee recommends amendment and passage.
legislature
May 6, 2025
Legislature · Passed
Subcommittee Meeting: 05/08/2025 10:00AM Senate Lounge.
legislature
Apr 30, 2025
Upper · Passed
Subcommittee: Bousselot, Quirmbach, and Rowley.
upper
Apr 24, 2025
Lower · Passed
Passed House, yeas 84, nays 5.
lower
Apr 24, 2025
Lower · Passed
Amendment H-1234 adopted.
lower
Apr 24, 2025
Lower · Passed
Amendment H-1233 adopted, as amended.
lower
Apr 24, 2025
Lower · Passed
Amendment H-1273 to amendment H-1233 adopted.
lower
Apr 24, 2025
Lower · Passed
Amendment H-1257 to amendment H-1233 adopted.
lower
Apr 22, 2025
Introduced
Amendment H-1273 filed.
lower
Apr 17, 2025
Introduced
Amendment H-1257 filed.
lower
Apr 16, 2025
Introduced
Amendments H-1233 and H-1234 filed.
lower
Apr 7, 2025
Introduced
Introduced, placed on Ways and Means calendar.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.