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Iowa Senate File 413 reduces minimum bank board meetings and updates electronic activity rules

Original title: 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. (Formerly SSB 1070 .) Effective date: 07/01/2026.

Last action · April 30, 2026: Signed by Governor . S.J. 947 .

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

State bank boards of directors are now required to hold at least six regular meetings per calendar year instead of nine, with at least one meeting per calendar quarter. The law takes effect on July 1, 2026.

Why it matters

State bank directors face modified operational scheduling requirements for governance meetings and updated oversight standards regarding electronic banking operations.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

State banks

State banks and their boards of directors are subject to the revised schedule of at least six regular annual meetings and updated rules regarding electronic activities.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

How many regular board meetings must a state bank hold each year under the new law?
State bank boards must hold at least six regular meetings each calendar year, with at least one meeting held in each quarter.
Can bank directors participate in meetings remotely?
Yes, unless the articles of incorporation or bylaws provide otherwise, directors may participate through any means of communication where all participating members can simultaneously hear each other.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Current status: Signed into law.

Procedural history

38 actions
  1. Apr 30, 2026SenateEnrolled
    Signed by Governor . S.J. 947 .
  2. Apr 30, 2026Senate
    Reported correctly enrolled, signed by President and Speaker, and sent to Governor. S.J. 947 .
  3. Mar 10, 2026House
    Message from Senate. H.J. 629 .
  4. Mar 10, 2026Senate
    Immediate message. S.J. 533 .
  5. Mar 10, 2026SenateFloor
    Passed Senate , yeas 46, nays 0. S.J. 529 .
  6. Mar 10, 2026SenateFloor
    Senate concurred with S-5052 . S.J. 529 .
Show 32 earlier actions
  1. Mar 3, 2026House
    Message from House, with amendment S-5052 . S.J. 439 .
  2. Mar 2, 2026House
    Immediate message. H.J. 483 .
  3. Mar 2, 2026HouseFloor
    Passed House , yeas 90, nays 0. H.J. 465 .
  4. Mar 2, 2026HouseFloor
    Committee amendment H-8001 adopted. H.J. 465 .
  5. Jan 26, 2026House
    Placed on calendar. H.J. 155 .
  6. Jan 26, 2026House
    Committee amendment H-8001 filed. H.J. 155 .
  7. Jan 21, 2026House
    Committee vote: Yeas, 22. Nays, 0. Excused, 1. H.J. 155 .
  8. Jan 21, 2026House
    Committee report, recommending amendment and passage. H.J. 154 .
  9. Jan 14, 2026Iowa Legislature
    Subcommittee recommends amendment and passage.
  10. Jan 12, 2026House
    Subcommittee Meeting: 01/14/2026 12:00PM House Lounge.
  11. Jan 12, 2026House
    Subcommittee: Determann, Blom and Srinivas. H.J. 20 .
  12. Apr 3, 2025HouseCommittee
    Referred to Commerce. H.J. 895 .
  13. Apr 3, 2025House
    Rereferred to Commerce. H.J. 895 .
  14. Mar 11, 2025HouseIntroduced
    Read first time, passed on file. H.J. 595 .
  15. Mar 10, 2025House
    Message from Senate. H.J. 589 .
  16. Mar 10, 2025Senate
    Immediate message. S.J. 454 .
  17. Mar 10, 2025SenateFloor
    Passed Senate , yeas 47, nays 0. S.J. 453 .
  18. Feb 24, 2025Senate
    Committee report, approving bill. S.J. 344 .
  19. Feb 24, 2025SenateIntroduced
    Introduced, placed on calendar. S.J. 339 .
  20. Feb 20, 2025Iowa Legislature
    Committee report approving bill, renumbered as SF 413 .
  21. Feb 19, 2025Iowa Legislature
    Subcommittee recommends passage.
  22. Feb 10, 2025HouseIntroduced
    Introduced, placed on calendar. H.J. 278 .
  23. Feb 10, 2025Iowa Legislature
    Committee report approving bill, renumbered as HF 311 .
  24. Feb 6, 2025House
    Committee vote: Yeas, 22. Nays, 1. Excused, 2. H.J. 267 .
  25. Feb 6, 2025House
    Committee report, recommending amendment and passage. H.J. 267 .
  26. Feb 3, 2025Iowa Legislature
    Subcommittee Meeting: 02/04/2025 1:00PM Lobbyist Lounge.
  27. Feb 3, 2025Iowa Legislature
    Subcommittee recommends amendment and passage.
  28. Jan 29, 2025Iowa Legislature
    Subcommittee: Warme, Knox, and Rowley.
  29. Jan 29, 2025Iowa LegislatureIntroduced
    Introduced, referred to Commerce.
  30. Jan 29, 2025House
    Subcommittee Meeting: 02/03/2025 11:30AM House Lounge.
  31. Jan 28, 2025House
    Subcommittee: Determann, Blom and Johnson, R. H.J. 135 .
  32. Jan 28, 2025HouseIntroduced
    Introduced, referred to Commerce. H.J. 134 .

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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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.

Connected Entities

W. Charles Smithson, Paul Pate, State Capitol and 3 more
PersonW. Charles Smithson“Secretary of the Senate.”Map →
PersonPaul Pate“Secretary of State of Iowa.”Map →
locationState Capitol“Location in Des Moines, Iowa.”Map →
PersonKim Reynolds“Governor of Iowa who approved and signed Senate File 413.”Map →
PersonAmy Sinclair“President of the Senate.”Map →
PersonPat Grassley“Speaker of the House.”Map →

Sources

Open source document

www.legis.iowa.gov

Analysis Score

0–100
  • Significance45
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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