SF 413 Iowa Senate · 2025-2026 Regular Session

A bill for an act relating to requirements for, and regular meetings of, the board of directors of a state bank, and electronic activities of a state bank.

SF 413 amends Iowa law governing state bank boards of directors. It requires that at least three board members be Iowa residents (previously only required a majority of residents), and mandates that boards hold at least one regular meeting in each calendar quarter while maintaining a minimum of nine annual meetings. The bill directly affects state bank boards by changing their membership residency rules and meeting schedule requirements. These are procedural changes to board governance, not substantive banking policy. The bill passed the Iowa Senate unanimously on March 10, 2025.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Jan 2026
Senate Passage
Mar 2026
House Passage
Mar 2026
Signed into Law
Apr 2026
Introduced Feb 24, 2025 Signed Apr 30, 2026
Maddy AI version diff · 3 comparisons

What changed between versions

Enrolled Enrolled with Governor's Action · 1 edit · Apr 30, 2026
MINOR
The bill text was reformatted from a line-by-line vertical layout to a standard horizontal document format, making it easier to read and print. No substantive policy changes, legal requirements, or definitions were altered.
TECHNICAL

Converted the legislative text from a vertical, word-by-word format to a standard horizontal paragraph format for readability.

Floor votes · Senate Mar 10, 2025

How they voted

460
Passed · 3 other
Total votes 49
Mar 10, 2025
D Democratic16
14 Yea 2
87% Yea
R Republican33
32 Yea 1
96% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
24
Key actions
12
Committee
7
Amendments
3
Apr 30, 2026
Signed into law
Signed by Governor.
upper
Mar 10, 2026
Upper · Passed
Passed Senate, yeas 46, nays 0.
upper
Mar 10, 2026
Upper · Passed
Senate concurred with S-5052.
upper
Mar 3, 2026
Introduced
Message from House, with amendment S-5052.
upper
Mar 2, 2026
Lower · Passed
Passed House, yeas 90, nays 0.
lower
Mar 2, 2026
Lower · Passed
Committee amendment H-8001 adopted.
lower
Jan 26, 2026
Introduced
Committee amendment H-8001 filed.
lower
Jan 21, 2026
Lower · Passed
Committee vote: Yeas, 22. Nays, 0. Excused, 1.
lower
Jan 21, 2026
Lower · Passed
Committee report, recommending amendment and passage.
lower
Jan 14, 2026
Legislature · Passed
Subcommittee recommends amendment and passage.
legislature
Jan 12, 2026
Legislature · Passed
Subcommittee Meeting: 01/14/2026 12:00PM House Lounge.
legislature
Jan 12, 2026
Lower · Passed
Subcommittee: Determann, Blom and Srinivas.
lower
Apr 3, 2025
Committee
Rereferred to Commerce.
lower
Mar 10, 2025
Upper · Passed
Passed Senate, yeas 47, nays 0.
upper
Feb 24, 2025
Upper · Passed
Committee report, approving bill.
upper
Feb 24, 2025
Introduced
Introduced, placed on calendar.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.