A bill for an act relating to bank utilization of filing services offered by the secretary of state. (Formerly SSB 1034.) Effective date: 07/01/2025.
Summary
Senate File 166 makes a narrow change to Iowa law governing business filings with the secretary of state, specifically as they relate to banks and Chapter 524 of the Iowa Code. The bill adds Chapter 524 to the list of matters covered by section 9.11, which concerns filing services and fees, and creates a new section authorizing the secretary of state to provide an extra filing service when requested by a filer under Chapter 524.
Under the new section, the secretary of state may offer an optional expedited or enhanced filing service for bank-related filings and may charge a surcharge for that service under the state’s general surcharge provisions in chapter 9, subchapter II. The bill does not change the substantive banking law itself; instead, it adjusts the administrative process and fee structure for filings handled by the secretary of state.
The bill’s impact is primarily on banks, other filers under Chapter 524, and the secretary of state’s office. It gives those filers access to additional filing services while also authorizing the state to collect an extra fee for providing them. Because the bill is administrative and fee-related rather than regulatory in a broader sense, its legal effect is limited to filing procedures and associated charges.
The overall sentiment around SF 166 appears strongly favorable and noncontroversial. The bill advanced with unanimous or near-unanimous support in committee and on both chamber floor votes, with no recorded opposition in the available voting history. There were no committee transcript snippets provided, and the voting record suggests broad agreement that the measure is a routine administrative update.
The main point of potential contention, though not reflected in the recorded votes, would be the imposition of an additional surcharge for optional filing services. Any concern would likely center on cost to filers or whether the secretary of state should provide such services at all, but the available legislative history shows no significant dispute over those issues.
Impact
SF 166 amends Iowa Code section 9.11 and adds new section 524.2002 to authorize the secretary of state to provide extra filing services for documents filed under Chapter 524, which governs banks. It also permits the secretary of state to assess a surcharge for those services under the state’s general surcharge provisions. The bill affects administrative filing procedures and fees for banks and other Chapter 524 filers, but does not alter the underlying substantive banking statutes.
Sentiment
The bill appears to have been received positively and passed without opposition. The available vote totals show unanimous support in committee and on both chamber floor votes, indicating broad bipartisan agreement. No committee discussion transcripts were provided, but the legislative history suggests the measure was viewed as a routine, technical update rather than a controversial policy change.
Contention
There is little evidence of substantive contention in the available record. The only plausible area of debate would be the new surcharge for optional extra filing services, since it could increase costs for banks or other filers using the service. However, the unanimous votes indicate that any such concern did not generate meaningful opposition during consideration of the bill.
A bill for an act providing for an expedited filing service for filers of business documents administered by the secretary of state, and providing fees. (Formerly SF 285, SSB 1003.) Effective date: 07/01/2026
A bill for an act providing for an expedited filing service for filers of business documents administered by the secretary of state, and providing fees.(Formerly SSB 1003; See SF 629.)