Senate Committee on Financial Institutions and Insurance 02/03/2026

Senate Committee on Financial Institutions and Insurance · February 4, 2026

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32:36

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10:00

20:00

32:36

Introduction: Senate Bill 232

Presentation

0:05 → 2:11(2m 6s)

Committee adviser (Eileen) opens the hearing on Senate Bill 232, summarizing statutory changes to allow the KPERS board of trustees to invest unclaimed-property money in dollar‑denominated foreign government bonds and similar obligations under strict rating, country and percentage limits. She lists eligibility criteria, the 5% cap of investable cash, and exclusions (state sponsors of terrorism and certain authoritarian governments).

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Kansas Senate Financial Institutions and Insurance Committee held a multi-bill hearing covering proposed changes to how the state manages unclaimed property investments (SB 232), technical KPERS governance and contribution-rate changes (SB 435), and two bank/financial statutes (SB 300 and SB 331). Testimony included State Treasurer Steven Johnson and KPERS staff; two bank-related bills were advanced by voice vote.

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Transcript

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