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KS SB301
Bill
Status
1/12/2026
Primary Sponsor
Joint Committee on Fiduciary Financial Institutions Oversight
Click for details
AI Summary
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State bank commissioner may revoke a fiduciary financial institution (TEFFI) charter for failure to comply with the technology-enabled fiduciary financial institutions act or its regulations
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Fiduciary financial institutions have the right to appeal revocation orders to the legislative coordinating council
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Charter revocation requires majority approval vote from the legislative coordinating council, which may act on such appeals at any time including during legislative sessions
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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
Legislative Description
Authorizing the state bank commissioner to revoke a TEFFI charter, subject to approval by the legislative coordinating council.
Last Action
Senate Hearing: Thursday, January 29, 2026, 9:30 AM Room 546-S
1/29/2026