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Kansas Bill Would Allow State Bank Commissioner to Revoke Fiduciary Financial Institution Charters With Council Approval

Original title: AN ACT concerning financial institutions; relating to the technology-enabled fiduciary financial institutions act; authorizing the state bank commissioner to revoke a fiduciary financial institution charter, subject to approval by the legislative coordinating council; amending K.S.A. 2025 Supp. 9-2301 and repealing the existing section.

Last action · April 10, 2026: Died in Committee

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

This failed legislation would have permitted the Kansas state bank commissioner to revoke the charter of a technology-enabled for noncompliance, subject to an affirmative majority vote of the upon appeal.

Why it matters

The measure establishes a specific legislative oversight and revocation mechanism for specialized financial charters in designated economic growth zones, altering how compliance failures are penalized.

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.

Directly affected

fiduciary financial institutions

Subject to charter revocation by the state bank commissioner and oversight by the legislative coordinating council.

Directly affected

legislative coordinating council

Must vote to approve or disapprove any charter revocation order issued by the state bank commissioner.

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

Who has the authority to initiate the revocation of a fiduciary financial institution's charter under this bill?
The state bank commissioner may initiate a revocation upon finding a failure to comply with the act or its regulations.
What approval is required for a charter revocation to become final?
A majority of the members of the must vote in the affirmative to approve the revocation order.

What else do you want to know?

News Coverage

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

Where This Stands

This bill did not become law - Died in committee.

Procedural history

4 actions
  1. Apr 10, 2026House
    Died in Committee
  2. Jan 12, 2026HouseIntroduced
    Prefiled for Introduction on Monday, January 5, 2026
  3. Jan 12, 2026HouseIntroduced
    Introduced
  4. Jan 12, 2026HouseCommittee
    Referred to House Committee on Financial Institutions and Pensions

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.

Connected Entities

State Bank Commissioner, Joint Committee on Fiduciary Financial Institutions Oversight, Legislative Coordinating Council
OrganizationState Bank Commissioner“State official authorized to revoke fiduciary financial institution charters.”Map →
OrganizationJoint Committee on Fiduciary Financial Institutions Oversight“Legislative committee that sponsored HB 2417.”Map →
OrganizationLegislative Coordinating Council“Legislative body required to approve charter revocation orders.”Map →

Sources

Open source document

www.kslegislature.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 35)
  • Controversy25
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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