Senate adopts four bills on bank board meetings, veterans funding, workers' comp and expungement
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Summary
The Senate concurred in a House amendment to reduce state bank board meeting requirements, approved veterans funding and a target increase for the veterans trust fund, raised a workers' compensation reimbursement cap, and required the insurance commissioner be named in certain expungement proceedings; all four bills were passed and messaged to the other chamber.
The Senate passed four bills after brief floor consideration and unanimous or near-unanimous recorded votes.
Senate File 413: Senator Warmie, recognized for comments on SF 413, said the House amendment reduces required annual state bank board meetings from nine to six to match credit unions and allows the superintendent to require additional regular meetings "as deemed necessary by the superintendent." Warmie moved to concur in the House amendment; the Senate adopted the amendment and later passed the bill. The clerk read the amended title and the Senate recorded 46 ayes and 0 nays.
Senate File 24-66: Senator Reichman said SF 24-66 requires the Iowa Department of Veterans Affairs (IDVA) to create an incentive structure funded by a $990,000 annual appropriation beginning in fiscal year 2028, and requires that $300,000 of an annual lottery transfer be used by the IDVA for training, a statewide electronic claims system and VSO education. The bill also raises the veterans trust fund balance target from $50 million to $75 million. Reichman moved final passage; the chair announced the roll call results as 40 ayes and 12 nays and declared the bill passed.
Senate File 24-67: Senator Kreinbrink said SF 24-67 increases the reimbursement amount from the second-injury fund for workers' compensation services provided by the attorney general from $450,000 to $900,000. He moved the bill for final passage; the clerk recorded 46 ayes and 0 nays and the bill passed.
Senate File 21-47: Senator Gruenhagen described SF 21-47 as closing a gap in current law by requiring the insurance commissioner be named as a respondent in expungement proceedings affecting the investment adviser registration depository so the regulator can be notified and participate when appropriate. Gruenhagen moved final passage; the session recorded 46 ayes and 0 nays and the bill passed. Shortly afterward, the Senate granted unanimous consent to message SF 413, SF 24-66, SF 24-67 and SF 21-47 to the other chamber.
The Senate proceeded through customary readings and title agreements for each bill before the recorded votes. No additional amendments were adopted on the floor for these four measures during the remarks and votes recorded in this session.
