Iowa legislation · 91st General Assembly
Iowa HF721: A BILL FOR An Act relating to the consideration of nonfinancial factors in providing financial services, including actions regarding the economic interest of enterprise shareholders and participants in and beneficiaries of public pension benefit plans, and providing penalties
Status: In committee, March 4, 2025
An Act relating to the consideration of nonfinancial factors in providing financial services, including actions regarding the economic interest of enterprise shareholders and participants in and beneficiaries of public pension benefit plans, and providing penalties.
What the bill says
A bill FOR An Act relating to the consideration of nonfinancial factors in providing financial services, including actions regarding the economic interest of enterprise shareholders and participants in and beneficiaries of public pension benefit plans, and providing penalties.
From the introduced text, March 4, 2025:
A BILL FOR An Act relating to the consideration of nonfinancial factors in providing financial services, including actions regarding the economic interest of enterprise shareholders and participants in and beneficiaries of public pension benefit plans, and providing penalties. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2881YH (2) sc/ns H.F. Section 1. NEW SECTION. 12L.1 Definitions. For purposes of this chapter: 1. "Best economic interest" means investment pursuant to the objective of maximizing risk-adjusted investment returns of the participants and beneficiaries of a pension benefit plan over a time horizon consistent with the risk management profile of the plan. 2. "Consumer" means a person who is a resident of this state and to which any of the following apply: a. The person has an interest in an investment company, including but not limited to mutual funds and exchange-traded funds, registered with the federal securities and exchange commission that directly or indirectly owns shares of an enterprise regulated by the state. b. The person is a beneficiary of or participant in a pension benefit plan. c. The person has sought or is seeking a relationship with a financial institution for the provision of financial services. 3. "Discriminate in the provision of financial services" means to refuse to provide, terminate, or restrict financial services based on an …
Sponsors
- Henry Stone (R, 9) · primary sponsor
Latest actions
- : Introduced, referred to Ways and Means. H.J. 490 .
Subjects: retirement plans, financial services, shares (securities)
Common questions
- What is HF721?
- HF721 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to the consideration of nonfinancial factors in providing financial services, including actions regarding the economic interest of enterprise shareholders and participants in and beneficiaries of public pension benefit plans, and providing penalties.
- What does HF721 do?
- In its own words: A bill FOR An Act relating to the consideration of nonfinancial factors in providing financial services, including actions regarding the economic interest of enterprise shareholders and participants in and beneficiaries of public pension benefit plans, and providing penalties.
- What is the status of HF721?
- In committee as of March 4, 2025. Latest action: Introduced, referred to Ways and Means. H.J. 490 . (March 4, 2025).
- Who sponsored HF721?
- Henry Stone (R, 9).
- Where is the official record for HF721?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0721&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.