SF0055Introduced in the Senate
Special purpose depository institution-amendments.
Introduced by Chris Rothfuss, District 9
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
AN ACT relating to banks, banking and finance; amending special purpose depository institution initial capital stock requirements; amending requirements for special purpose depository institutions to commence business as specified; amending requirements for the application to charter special purpose depository institutions as specified; amending the timeline special purpose depository institutions must commence business; authorizing appeals of decisions of the commissioner; amending the appealable court for decisions relating to special purpose depository institutions; creating a special purpose depository institution resolution fund account; specifying authorized expenditures and the investment of funds in the account; requiring a portion of supervisory fees to be paid to the account; repealing the requirement that special purpose depository institutions maintain a contingency account; making conforming amendments; requiring rulemaking; and providing for effective dates.
Where it stands
Assigned Chapter Number 75
March 7, 2026
How did lawmakers vote?
House votes
2 recorded votes · each counted separately
Senate votes
3 recorded votes · each counted separately
HouseStage: 3rd Reading:Passed 36-25-1-0-0 · March 5, 2026
36
Yes
25
No
1
Absent or Not Voting
62 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| Chip Neiman | 1 | No |
| J.D. Williams | 2 | Yes |
| Abby Angelos | 3 | No |
| Jeremy Haroldson | 4 | No |
| Scott Smith | 5 | No |
| Tomi Strock | 6 | No |
| Bob Nicholas | 7 | Yes |
| Steve Johnson | 8 | No |
| Landon Brown | 9 | Yes |
| Justin Fornstrom | 10 | Yes |
Bill history
Bill Number Assigned
Received for Introduction
Introduced and Referred to S09 - Minerals 22-8-1-0-0
S09 - Minerals:Recommend Do Pass 5-0-0-0-0
Placed on General File
COW:Passed
2nd Reading:Passed
3rd Reading:Passed 26-5-0-0-0
Received for Introduction
Introduced and Referred to H09 - Minerals
H09 - Minerals:Recommend Do Pass 7-1-1-0-0
Placed on General File
COW:Passed
2nd Reading:Passed
3rd Reading:Passed 36-25-1-0-0
Assigned Number SEA No. 0054
President Signed SEA No. 0054
Speaker Signed SEA No. 0054
Governor Signed SEA No. 0054
Assigned Chapter Number 75
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.