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Read. Follow. Verify.Idaho House bill combines Department of Finance and Department of Insurance under single director starting July 2027
Last action · March 10, 2026: Reported Printed and Referred to State Affairs
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What This Bill Proposed
DEPARTMENT OF FINANCE AND DEPARTMENT OF INSURANCE – Amends, repeals, and adds to existing law to provide for the Director of the Department of Insurance to serve as the Director of the Department of Finance on and after July 1, 2027.
State administrative structures are altered by merging leadership and staff functions for two major regulatory bodies, potentially changing how state banking, securities, and insurance oversight operate and how regulated corporations interact with state officials.
- The Idaho Department of Finance oversees state-chartered banks, credit unions, securities, and consumer finance, while the Idaho Department of Insurance regulates insurance companies and producers operating within the state. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Department of Finance
The department's direct leadership is combined with the Department of Insurance, and its divisions and employees may be administratively combined.
Department of Insurance
The department's director assumes the responsibilities of the Department of Finance, and operations may be administratively combined with finance divisions.
Supervised banking and insurance corporations
Key Facts
- The director is authorized to utilize or administratively combine the divisions or employees of the Department of Finance and the Department of Insurance.
- Neither the director nor any division administrator may have a direct or indirect financial interest in any banking or insurance corporation under the department's supervision.
- Section 67-2701, Idaho Code, relating to the creation and powers of the Department of Finance, is repealed and reenacted to establish updated provisions.
- Section 28-44-111, Idaho Code, regarding inter-departmental cooperation, is repealed.
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- The bill takes full force and effect on and after July 1, 2027.
Frequently Asked Questions
Can the director of the departments hold financial stakes in banks or insurance companies?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
2 actions- Mar 10, 2026CommitteeReported Printed and Referred to State Affairs
- Mar 10, 2026IntroducedIntroduced, read first time, referred to JRA for Printing
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Consolidation of Financial and Insurance Regulatory Leadership
The state is shifting from separate directors for the Department of Finance and Department of Insurance to a unified director model with administrative combination powers.
Connected Entities
Sources
legislature.idaho.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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