Utah legislation · 2026 General Session
Utah HB250: Utah Retirement Plan Exchange
Status: Signed into law, March 24, 2026
This bill establishes a retirement plan exchange for private employers.
What the bill says
From the enrolled text, March 6, 2026:
0 Utah Retirement Plan Exchange 2026 GENERAL SESSION STATE OF UTAH Chief Sponsor: Joseph Elison Senate Sponsor: Brady Brammer Cosponsor: Jason E. Thompson David Shallenberger LONG TITLE General Description: This bill establishes a retirement plan exchange for private employers. Highlighted Provisions: This bill: - defines terms; - directs the state treasurer's office (office) to establish and maintain a publicly accessible online exchange through which an eligible private employer may review, compare, and select one or more retirement plans for the benefit of the employer's employees; - establishes requirements for the exchange, including the types of available retirement plans, the manner in which the exchange presents the retirement plan options, and the information available for each retirement plan; - provides a process by which a retirement plan provider can list a qualified retirement plan on the exchange; - requires each retirement plan provider with a listing on the exchange to annually report to the office; - allows the office to remove or suspend a listing under certain circumstances; - gives the office rulemaking authority related to the office's duties; and - allows the office to contract with a third party to fulfill the office's duties related to the exchange. Money Appropriated in this Bill: None Other Special Clauses: None Utah Code Sections Affected: AMENDS: 63G-2-305 , as last amended by Laws …
Sponsors
- Elison, Joseph (R, 72) · primary sponsor
- Brady Brammer (R, 21)
- Jason Thompson (R, 3)
- David Shallenberger (R, 58)
Latest actions
- : Governor Signed
- : House/ to Governor
- : House/ received enrolled bill from Printing
- : House/ enrolled bill to Printing
- : Enrolled Bill Returned to House or Senate
- : Draft of Enrolled Bill Prepared
- : Bill Received from House for Enrolling
- : House/ signed by Speaker/ sent for enrolling
- : House/ received from Senate
- : Senate/ to House
Votes
- Senate/ passed 3rd reading (February 20, 2026): 23 yea, 1 nay, passed
- Senate/ passed 2nd reading (February 19, 2026): 24 yea, 1 nay, passed
- Senate Comm - Favorable Recommendation (February 18, 2026): 6 yea, 0 nay, passed
- House/ passed 3rd reading (February 10, 2026): 71 yea, 1 nay, passed
- House Comm - Favorable Recommendation (January 30, 2026): 6 yea, 1 nay, passed
Subjects: Government Operations (State Issues), Economic Development, Public Retirement and Insurance, Constitutional Officers, Workforce Services, State Treasurer
Common questions
- What is HB250?
- HB250 is a bill in the Utah Legislature (2026 General Session): Utah Retirement Plan Exchange.
- What does HB250 do?
- This bill establishes a retirement plan exchange for private employers.
- What is the status of HB250?
- Signed into law as of March 24, 2026. Latest action: Governor Signed (March 24, 2026).
- Who sponsored HB250?
- Elison, Joseph (R, 72), with 3 co-sponsors.
- Where is the official record for HB250?
- On the Utah Legislature website: https://le.utah.gov/~2026/bills/static/HB0250.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.