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SB 300KANSASSession 2025-2026State BillSigned into law
Enacted

Kansas bars state agencies from acting as receiver for insolvent technology-enabled fiduciary financial institutions

Original title: AN ACT concerning taxation; relating to income tax; providing for the apportionment of business income for manufacturers of alcoholic liquor depending on whether the taxpayer is a qualifying Kansas investor or a general manufacturer; relating to addition and subtraction modifications; removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code; reconciling multiple amendments to the same statute; amending K.S.A. 2025 Supp. 79-3279 and 79-32,117, as amended by section 4 of 2026 Senate Bill No. 368, and repealing the existing sections; also repealing K.S.A. 2025 Supp. 79-32,117, as amended by section 2 of 2026 House Bill No. 2602.

Last action · April 10, 2026: Conference committee report now available

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

The Office of the State Bank Commissioner and any other Kansas state agency are prohibited from serving as a for any insolvent or bankrupt technology-enabled . The legislation also amends definitions within the technology-enabled fiduciary financial institutions act and takes effect upon publication.

Why it matters

Changes who manages the wind-down of failing specialized financial institutions, blocking state regulatory agencies from taking on ship duties for them.

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

Office of the State Bank Commissioner

The office is legally barred from acting as a receiver for insolvent technology-enabled fiduciary financial institutions.

Directly affected

Technology-enabled fiduciary financial institutions

These institutions are subject to new rules regarding receivership and statutory definitions under the amended act.

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

Can the State Bank Commissioner act as a receiver for a failed fiduciary financial institution under this law?
No. The act explicitly prohibits the Office of the State Bank Commissioner or any other state agency from becoming a for a technology-enabled that becomes insolvent or declares bankruptcy.
When is a fiduciary financial institution considered insolvent under this legislation?
An institution is deemed insolvent if the actual cash market value of its assets is insufficient to pay its creditor liabilities, or if it is unable to meet the demands of its creditors in the usual and customary manner.

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Where This Stands

Current status: Signed into law.

Procedural history

25 actions
  1. Apr 10, 2026House
    Conference committee report now available
  2. Apr 10, 2026HouseFloor
    Motion to suspend Joint Rule 4 (k) to allow consideration adopted
  3. Apr 10, 2026HouseFloor
    Conference Committee Report was adopted
  4. Apr 10, 2026SenateFloor
    Conference Committee Report was adopted
  5. Apr 10, 2026SenateFloor
    Motion to suspend Joint Rule 4 (k) to allow consideration adopted
  6. Apr 10, 2026Senate
    Enrolled and presented to Governor on Friday, April 17, 2026
Show 19 earlier actions
  1. Apr 10, 2026SenateEnrolled
    Approved by Governor on Monday, April 27, 2026
  2. Mar 12, 2026HouseFloor
    Motion to accede adopted; Representative Hoheisel, Representative Stiens, Representative Xu, , appointed as conferees
  3. Mar 11, 2026HouseFloor
    Final Action - Passed as amended
  4. Mar 11, 2026Senate
    Nonconcurred with amendments; Conference Committee requested; appointed , and
  5. Mar 10, 2026House
    Committee of the Whole - Now working on
  6. Mar 10, 2026HouseFloor
    Committee of the Whole - Committee Report be adopted
  7. Mar 10, 2026HouseFloor
    Committee of the Whole - Be passed as amended
  8. Mar 5, 2026HouseFloor
    Committee Report recommending bill be passed as amended by
  9. Mar 2, 2026House
    Hearing: Monday, March 2, 2026, 9:00 AM — Room 582-N
  10. Feb 12, 2026HouseIntroduced
    Received and Introduced
  11. Feb 12, 2026HouseCommittee
    Referred to House Committee on Financial Institutions and Pensions
  12. Feb 11, 2026SenateFloor
    Final Action - Passed
  13. Feb 10, 2026Senate
    Committee of the Whole - Now working on
  14. Feb 10, 2026SenateFloor
    Committee of the Whole - Be passed
  15. Feb 3, 2026SenateFloor
    Committee Report recommending bill be passed by
  16. Jan 26, 2026Senate
    Hearing: Monday, January 26, 2026, 9:30 AM — Room 546-S
  17. Jan 13, 2026SenateCommittee
    Referred to Senate Committee on Financial Institutions and Insurance
  18. Jan 12, 2026SenateIntroduced
    Prefiled for Introduction on Monday, December 29, 2025
  19. Jan 12, 2026SenateIntroduced
    Introduced

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

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Exclusion of State Agencies from Receivership

The legislation creates a distinct carve-out that prevents state regulatory agencies from stepping in as receivers for insolvent technology-enabled fiduciary financial institutions.

Office of the State Bank Commissioner

Connected Entities

Kansas Statutes Annotated, Office of the State Bank Commissioner
OrganizationKansas Statutes Annotated“Statutory compilation amended by the act”Map →
OrganizationOffice of the State Bank Commissioner“Prohibited from becoming a receiver for insolvent fiduciary financial institutio”Map →

Sources

Open source document

www.kslegislature.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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