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Senate advances bill to prohibit state agencies from serving as receivers for TEFIs
Kansas Senate · February 10, 2026
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Summary
SB 300 would amend the TEFI (technology-enabled fiduciary financial institutions) act to bar the Office of the State Bank Commissioner and other state agencies from serving as receivers for TEFIs, a change supporters said would protect the state from protracted receiverships.
The Senate reported SB 300 favorably after the bill sponsor described the measure as a protective change to the TEFI (technology-enabled fiduciary financial institutions) law.
Senator Dietrich explained the bill as a recommendation from the joint committee on…
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