Loading chat...
IA SF2147
Bill
AI Summary
-
Amends Iowa Code Section 502.511, subsection 2, to require the Commissioner of Insurance to be named as a respondent in proceedings to expunge information from the investment adviser registration depository
-
Changes the commissioner's participation from permissive ("may") to mandatory ("shall") in expungement proceedings
-
Maintains the permissive option for investment advisers who reported the information to be named as respondents in the proceeding
-
Separates the current single provision into two distinct paragraphs: one mandating the commissioner's inclusion and one allowing discretionary inclusion of the investment adviser
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.(Formerly SSB 3056.)
Last Action
Read first time, referred to Commerce. H.J. 669.
3/13/2026