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KS HB2417
Bill
Status
1/12/2026
Primary Sponsor
Joint Committee on Fiduciary Financial Institutions Oversight
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AI Summary
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State bank commissioner gains authority to revoke a technology-enabled fiduciary financial institution (TEFFI) charter for failure to comply with the act or its regulations
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Fiduciary financial institutions may appeal a revocation order to the legislative coordinating council, which must approve the revocation by majority vote before it becomes final
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The legislative coordinating council may act on charter revocation appeals at any time, including when the legislature is in session
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Amends K.S.A. 2025 Supp. 9-2301 to incorporate the new revocation provisions into the existing technology-enabled fiduciary financial institutions act
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Takes effect upon publication in the statute book
Legislative Description
Authorizing the state bank commissioner to revoke a TEFFI charter, subject to approval by the legislative coordinating council.
Last Action
House Referred to Committee on Financial Institutions and Pensions
1/12/2026