Kansas SB316: Authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas

What the bill says

An act concerning the office of the state bank commissioner; relating to powers, duties and responsibilities of the state bank commissioner; authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas.

From the introduced text, January 14, 2026:

AN ACT concerning the office of the state bank commissioner; relating to powers, duties and responsibilities of the state bank commissioner; authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas. Be it enacted by the Legislature of the State of Kansas: Section 1. (a) (1) The state bank commissioner is authorized to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas. (2) Unless otherwise provided in this section, the nonprofit organization may engage in any lawful activity that such organization deems necessary to further such organization's charitable consumer financial education initiatives in Kansas, including, but not limited (B) funding other nonprofit organizations that provide consumer financial education; (C) providing scholarships to Kansans for the attainment of higher education in Kansas postsecondary educational institutions; or (D) investing idle funds for future consumer financial education initiatives. (b) (1) The nonprofit organization may accept grants or donations from the public. (2) With the approval of the state bank commissioner or the commissioner's designee, any person under an enforcement action or examination that is ordered to pay a fine designated for consumer financial education may contribute a donation to the nonprofit organization in lieu of paying such fine. …

Read the full official text

Sponsors

• Troy Waymaster (R) · primary sponsor

Latest actions

1. April 10, 2026: Died in Committee
2. February 25, 2026: Referred to Committee on Ways and Means
3. February 24, 2026: Received and Introduced
4. February 18, 2026: Final Action - Passed as amended; Yea: 124 Nay: 0
5. February 17, 2026: Committee of the Whole - Be passed as amended
6. February 17, 2026: Committee of the Whole - Committee Report be adopted
7. February 9, 2026: Committee Report recommending bill be passed as amended by Committee on Appropriations
8. January 29, 2026: Hearing: Thursday, January 29, 2026, 9:00 AM Room 112-N
9. January 27, 2026: Referred to Committee on Appropriations
10. January 27, 2026: Introduced

Common questions

What is SB316?

SB316 is a bill in the Kansas Legislature (2025-2026 Regular Session): Authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas.

What does SB316 do?

In its own words: An act concerning the office of the state bank commissioner; relating to powers, duties and responsibilities of the state bank commissioner; authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas.

What is the status of SB316?

In committee as of April 10, 2026. Latest action: Died in Committee (April 10, 2026).

Who sponsored SB316?

Troy Waymaster (R).

Where is the official record for SB316?

On the Kansas Legislature website: https://kslegislature.gov/li/b2025_26/measures/sb316/