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HB2152Introduced in the House

Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.

Passed

Introduced by Financial Institutions and Pensions

What does this bill do?

Plain-English breakdown

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Official description

Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.

Where it stands

House Approved by Governor on Thursday, April 3, 2025

April 10, 2025

How did lawmakers vote?

House votes

2 recorded votes · each counted separately

Senate votes

1 recorded vote · each counted separately

HouseStage: House Concurred with amendments - Yea: 117 Nay: 5 · March 24, 2025

117

Yes

5

No

3

Absent or Not Voting

125 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each representative voted

RepresentativeDistrictVote
Dale Helwig1Yes
Kenneth Collins2Yes
Charles Smith3Yes
Rick James4Yes
Carrie Barth5No
Samantha Poetter Parshall6No
Dan Goddard7Yes
Chris Croft8Yes
Fred Gardner9Yes
Suzanne Wikle10Yes

Bill history

  1. House Introduced

  2. House Referred to Committee on Financial Institutions and Pensions

  3. House Hearing: Monday, February 3, 2025, 9:00 AM Room 582-N

  4. House Withdrawn from Committee on Financial Institutions and Pensions; Referred to Committee on Federal and State Affairs

  5. House Withdrawn from Committee on Federal and State Affairs; Referred to Committee on Financial Institutions and Pensions

  6. House Hearing continuation: Wednesday, February 26, 2025, 9:00 AM Room 582-N

  7. House Committee Report recommending substitute bill be passed by Committee on Financial Institutions and Pensions

  8. House Committee of the Whole - Committee Report be adopted recommending substitute bill be passed

  9. House Committee of the Whole - Substitute bill be passed

  10. House Final Action - Substitute passed; Yea: 119 Nay: 4

  11. Senate Received and Introduced

  12. Senate Referred to Committee on Financial Institutions and Insurance

  13. Senate Hearing: Thursday, March 13, 2025, 9:30 AM Room 546-S

  14. Senate Hearing continuation: Monday, March 17, 2025, 9:30 AM Room 546-S

  15. Senate Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Insurance

  16. Senate Committee of the Whole - Committee Report be adopted

  17. Senate Committee of the Whole - Be passed as amended

  18. Senate Emergency Final Action - Passed as amended; Yea: 40 Nay: 0

  19. House Concurred with amendments; Yea: 117 Nay: 5

  20. House Engrossed on Thursday, March 27, 2025

  21. House Enrolled and presented to Governor on Friday, March 28, 2025

  22. House Approved by Governor on Thursday, April 3, 2025

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