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IA HSB514

SB

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Commerce

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Amends Iowa Code Section 502.511, subsection 2, regarding expungement proceedings for investment adviser registration depository records
  • Changes the Commissioner of Insurance from a permissive ("may") to mandatory ("shall") respondent in expungement proceedings
  • Investment advisers who originally reported the information in the depository record may still be named as respondents, but this remains optional
  • Proposed by the Iowa Department of Insurance and Financial Services

Legislative Description

A bill for an act relating to respondents in a proceeding to expunge information in a record in the investment adviser registration depository.

Last Action

Subcommittee recommends passage.

1/20/2026

Committee Referrals

Commerce1/13/2026

Full Bill Text

No bill text available