Establishing the born to invest act and requiring the office of vital statistics to provide data to the office of the state treasurer for distribution of informational materials regarding certain government-administered savings accounts.
SB 232 modifies investment rules for funds managed by the Kansas Public Employees Retirement System (KPERS). It allows the KPERS board to invest up to 5% of unclaimed property funds (certified by the state treasurer) in foreign government bonds rated A- or higher by major credit agencies, excluding bonds from state sponsors of terrorism or authoritarian regimes. The bill requires investments to prioritize capital preservation and safety while diversifying to minimize risk. This change directly affects KPERS’ management of retirement funds derived from unclaimed property, with no new benefits or costs to retirees. The bill does not alter retirement benefits or create new programs.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2026
Senate Passage
Feb 2026
House Passage
Mar 2026
Signed into Law
Apr 2026
Introduced Feb 6, 2025
Signed Apr 9, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
As Amended by House Committee on Financial Institutions and Pensions
→
As Amended by Senate Committee
·
2 edits
MINOR
The Senate Committee amended the bill to clarify the investment standards for the board of trustees and added a new requirement regarding the election of foreign governments. Specifically, the committee removed a line break in the 'prudent person' investment standard to ensure the text flows correctly. Additionally, they expanded the list of prohibited foreign governments by adding a ban on authoritarian or totalitarian regimes where power is not derived from legitimate popular voting.
REQUIREMENT
Corrected a formatting error in the investment standard text to ensure the legal definition of 'prudent person' rules is continuous and unbroken.
ELIGIBILITY
Added a new prohibition preventing investments in foreign governments that are authoritarian or totalitarian and do not derive sovereign power from legitimate popular voting.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
20
Key actions
15
Committee
8
Apr 9, 2026
Signed into law
Approved by Governor on Thursday, April 9, 2026
upper
Mar 27, 2026
Upper · Passed
Conference Committee Report was adopted; Yea 39, Nay 0, Absent 1
upper
Mar 25, 2026
Lower · Passed
Conference Committee Report was adopted; Yea 108, Nay 17
lower
Mar 25, 2026
Lower · Passed
Conference committee report now available
lower
Mar 23, 2026
Lower · Passed
Motion to accede adopted; Rep. Nick Hoheisel, Rep. Angela Stiens and Rep. Rui Xu appointed as conferees
lower
Mar 23, 2026
Upper · Passed
Nonconcurred with amendments; Conference Committee requested; appointed Sen. Brenda Dietrich, Sen. Michael Fagg and Sen. Silas Miller
upper
Mar 18, 2026
Lower · Passed
Emergency Final Action - Passed as amended; Yea 123, Nay 1, Absent 1
lower
Mar 18, 2026
Lower · Passed
Motion to advance to Emergency Final Action adopted
lower
Mar 18, 2026
Lower · Passed
Committee of the Whole - Be passed as amended
lower
Mar 18, 2026
Lower · Passed
Committee of the Whole - Committee Report be adopted
lower
Mar 10, 2026
Lower · Passed
Committee Report recommending bill be passed as amended by House Committee on Financial Institutions and Pensions
lower
Feb 24, 2026
Committee
Referred to House Committee on Financial Institutions and Pensions
lower
Feb 24, 2026
Introduced
Received and Introduced
lower
Feb 18, 2026
Upper · Passed
Emergency Final Action - Passed as amended; Yea 36, Nay 4
upper
Feb 18, 2026
Upper · Passed
Committee of the Whole - Be passed as amended
upper
Feb 18, 2026
Upper · Passed
Committee of the Whole - Committee Report be adopted
upper
Feb 17, 2026
Upper · Passed
Committee Report recommending bill be passed as amended by Senate Committee on Financial Institutions and Insurance
upper
Feb 7, 2025
Committee
Referred to Senate Committee on Financial Institutions and Insurance
upper
Feb 6, 2025
Introduced
Introduced
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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