Wyoming SF54: State banks and SPDI conversions.

What the bill says

An act relating to banks, banking and finance; providing for the conversion of special purpose depository institutions into state banks; providing for the conversion of state banks into special purpose depository institutions; requiring rulemaking; and providing for effective dates.

From the enrolled text, March 5, 2026:

AN ACT relating to banks, banking and finance; providing for the conversion of special purpose depository institutions into state banks; providing for the conversion of state banks into special purpose depository institutions; requiring rulemaking; and providing for effective dates. Section 1. W.S. 13-2-216 and 13-12-127 are created to read: 13-2-216. Conversion of special purpose depository institution into state bank. (a) The commissioner, with approval of the board, may convert the charter of a special purpose depository institution chartered under W.S. 13‐12‐115 to a state bank chartered under this article. A conversion shall occur as follows: (i) A special purpose depository institution seeking to convert its charter to a state bank shall file an application to convert that contains a comprehensive plan for conversion as required by this section and rules promulgated by the commissioner. The application shall include a certificate signed by the institution's president and a majority of the board of directors setting forth the action taken to support the proposed conversion in compliance with this section. The plan of conversion and a proposed organizational instrument that includes the information required by W.S. 13‐2-202 shall be approved by the shareholders of the special purpose depository ORIGINAL SENATE FILE NO. SF0054 ENROLLED ACT NO. 53, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING 2026 BUDGET SESSION institution prior to submitting …

Read the full official text

Sponsors

• Lee Filer (R, H44)
• Singh, Daniel (R, H61)
• Michael Yin (D, H16)
• Crago, Barry (R, S22)
• Tara Nethercott (R, S04)
• Olsen, Jared (R, S08)
• Chris Rothfuss (D, S09) · primary sponsor

Latest actions

1. March 7, 2026: Assigned Chapter Number 74
2. March 7, 2026: Governor Signed SEA No. 0053
3. March 5, 2026: H Speaker Signed SEA No. 0053
4. March 5, 2026: S President Signed SEA No. 0053
5. March 5, 2026: Assigned Number SEA No. 0053
6. March 5, 2026: H 3rd Reading:Passed 37-24-1-0-0
7. March 4, 2026: H 2nd Reading:Passed
8. March 3, 2026: H COW:Passed
9. March 2, 2026: H Placed on General File
10. March 2, 2026: H09 - Minerals:Recommend Do Pass 8-0-1-0-0

Votes

• H 3rd Reading:Passed 37-24-1-0-0 (March 5, 2026): 37 yea, 24 nay, passed
• H09 - Minerals:Recommend Do Pass 8-0-1-0-0 (March 2, 2026): 8 yea, 0 nay, passed
• S 3rd Reading:Passed 27-4-0-0-0 (February 23, 2026): 27 yea, 4 nay, passed
• S09 - Minerals:Recommend Do Pass 4-0-1-0-0 (February 18, 2026): 4 yea, 0 nay, passed
• S Introduced and Referred to S09 - Minerals 26-4-1-0-0 (February 10, 2026): 26 yea, 4 nay, passed

Common questions

What is SF54?

SF54 is a bill in the Wyoming Legislature (2026 Budget Session): State banks and SPDI conversions.

What does SF54 do?

In its own words: An act relating to banks, banking and finance; providing for the conversion of special purpose depository institutions into state banks; providing for the conversion of state banks into special purpose depository institutions; requiring rulemaking; and providing for effective dates.

What is the status of SF54?

Signed into law as of March 7, 2026. Latest action: Assigned Chapter Number 74 (March 7, 2026).

Who sponsored SF54?

Chris Rothfuss (D, S09), with 6 co-sponsors.

Where is the official record for SF54?

On the Wyoming Legislature website: https://wyoleg.gov/Legislation/2026/SF0054