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Senate passes measure to streamline community bank rules, sponsor calls it "common-sense" update
Summary
Senate File 413, described by its sponsor as a package of regulatory updates aimed at keeping community banks in Iowa, passed on a unanimous 47-0 roll call in the provided transcript excerpt.
Senator Warmy, the senator from Story, called Senate File 413 "common sense regulation updates" and moved that it be read for the last time and placed on its passage. "We want to keep our community banks here in Iowa and have financial choice for Iowans," Warmy said in final remarks on the floor.
The clerk read a short description of the enacted text as it was presented on the floor: "Senate File 413 of bill for [regular] meeting requirements to set the board of directors of State Bank being enacted" (excerpted phrasing as read on the floor). Senator Warmy framed the measure as regulatory adjustments intended to help community banks.
The Senate opened the voting system, recorded votes (Senator Greene is noted as voting aye in the excerpt), and the clerk reported the roll call: 47 voting aye, 0 nay. The secretary declared that, having received a constitutional majority, the bill passed the Senate and the title was agreed to.
Warmy described the bill as regulatory updates and urged its passage; the transcript excerpt does not include the bill text or a detailed summary of the specific rule changes. The clerk's readback indicates the bill includes provisions about regular meetings of a state bank's board of directors, but the precise statutory changes, section numbers, or implementation details were not included in the excerpt.
With the recorded 47-0 vote in the provided excerpt, Senate File 413 moved forward from the Senate; the excerpt does not show additional steps such as enrollment, gubernatorial action, or implementation timeline.
