SF2147 • 2026

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 .)

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: COMMITTEE ON COMMERCE
Last action: 2026-03-13
Official status: Read first time, referred to Commerce. H.J. 669 .
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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 .)

What This Bill Does

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 .)

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-13 Iowa Legislature
Read first time, referred to Commerce. H.J. 669 .
2026-03-10 Iowa Legislature
Message from Senate. H.J. 629 .
2026-03-10 Iowa Legislature
Immediate message. S.J. 533 .
2026-03-10 Iowa Legislature
Passed Senate , yeas 46, nays 0. S.J. 532 .
2026-01-29 Iowa Legislature
Committee report, approving bill. S.J. 172 .
2026-01-29 Iowa Legislature
Introduced, placed on calendar. S.J. 167 .

Official Summary Text

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 .)

Current Bill Text

Read the full stored bill text

Senate

File

2147

-

Introduced

SENATE

FILE

2147

BY

COMMITTEE

ON

COMMERCE

(SUCCESSOR

TO

SSB

3056)

A

BILL

FOR

An

Act

relating

to

respondents

in

a

proceeding

to

expunge

1

information

in

a

record

in

the

investment

adviser

2

registration

depository.

3

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

4

TLSB

5453SV

(1)

91

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S.F.

2147

Section

1.

Section

502.511,

subsection

2,

Code

2026,

is

1

amended

to

read

as

follows:

2

2.

a.

The

commissioner

of

insurance

,

or

the

investment

3

adviser

that

reported

the

information

in

the

record

in

the

4

investment

adviser

registration

depository,

may

shall

be

named

5

as

a

respondent

or

as

respondents

in

the

proceeding

to

expunge

6

the

information.

7

b.

An

investment

adviser

that

reported

the

information

in

8

the

record

in

the

investment

adviser

registration

depository

9

may

be

named

as

a

respondent

in

the

proceeding

to

expunge

the

10

information.

11

EXPLANATION

12

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

13

the

explanation’s

substance

by

the

members

of

the

general

assembly.

14

This

bill

relates

to

respondents

in

a

proceeding

to

expunge

15

information

in

a

record

in

the

investment

adviser

registration

16

depository.

Under

current

law,

the

commissioner

of

insurance,

17

or

the

investment

adviser

that

reported

the

information

in

the

18

record

in

the

investment

adviser

registration

depository,

may

19

be

named

as

a

respondent

or

as

respondents

in

a

proceeding

to

20

expunge

the

information.

Under

the

bill,

the

commissioner

21

shall

be

named

as

a

respondent

and

the

investment

adviser

may

22

be

named

as

a

respondent

in

such

a

proceeding.

23

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