Iowa legislation · 91st General Assembly
Iowa SF2054: A BILL FOR An Act related to bankruptcy and personal property exemption amounts and including effective date provisions
Status: In committee, January 21, 2026
An Act related to bankruptcy and personal property exemption amounts and including effective date provisions.
What the bill says
A bill FOR An Act related to bankruptcy and personal property exemption amounts and including effective date provisions.
From the introduced text, January 14, 2026:
A BILL FOR An Act related to bankruptcy and personal property exemption amounts and including effective date provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5400XS (2) lh/jh S.F. 2054 Section 1. Section 561.16, Code 2026, is amended to read as follows: 561.16 Exemption. The homestead of every person, including a person who is a debtor to whom the law of this state applies on the date a petition in bankruptcy is filed, is exempt from judicial sale where there is no special declaration of statute to the contrary. Persons who reside together as a single household unit are entitled to claim in the aggregate only one homestead to be exempt from judicial sale. A single person may claim only one homestead to be exempt from judicial sale. For purposes of this section, "household unit" means all persons of whatever ages, whether or not related, who habitually reside together in the same household as a group. Sec. 2. Section 627.6, unnumbered paragraph 1, Code 2026, is amended to read as follows: A debtor who is a resident of this state or to whom the law of this state applies on the date a petition in bankruptcy is filed may hold exempt from execution the following property: Sec. 3. Section 627.6, subsections 1, 3, 5, …
Sponsors
- Annette Sweeney (R, 27) · primary sponsor
Latest actions
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 01/21/2026 12:30PM Senate Lounge.
- : Subcommittee: Rowley, Petersen, and Taylor. S.J. 107 .
- : Introduced, referred to Judiciary. S.J. 86 .
Subjects: debts, personal property, civil procedure, homesteads, bankruptcy, dependent persons
Common questions
- What is SF2054?
- SF2054 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act related to bankruptcy and personal property exemption amounts and including effective date provisions.
- What does SF2054 do?
- In its own words: A bill FOR An Act related to bankruptcy and personal property exemption amounts and including effective date provisions.
- What is the status of SF2054?
- In committee as of January 21, 2026. Latest action: Subcommittee recommends passage. (January 21, 2026).
- Who sponsored SF2054?
- Annette Sweeney (R, 27).
- Where is the official record for SF2054?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=SF+2054&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.