Bill
Bill > HB2092
KS HB2092
KS HB2092Setting the time for professional employer organization registration expiration, renewal and the filing of audits with the secretary of state, limiting the method of providing surety for professional employer organizations with insufficient working capital to bonds and eliminating a market value measure of the sufficiency of such bonds.
summary
Introduced
01/24/2025
01/24/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
02/11/2025
02/11/2025
Passed
03/21/2025
03/21/2025
Dead
Signed/Enacted/Adopted
04/10/2025
04/10/2025
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning labor and employment; relating to professional employer organizations; providing that registrations of such organizations with the secretary of state shall expire on October 15 following issuance; providing an exception therefrom for registrations issued on or after January 1, 2025, that shall expire on October 15, 2026; making the time for filing annual audits by such organizations coincide with the time of renewing of registrations; limiting the means of providing surety by a professional employer organization with insufficient working capital to the provision of a bond and eliminating the market value measure of the sufficiency of such bond; amending K.S.A. 2024 Supp. 44-1704 and 44-1706 and repealing the existing sections.
AI Summary
This bill modifies regulations for Professional Employer Organizations (PEOs), which are companies that provide outsourced human resources services to businesses. The bill changes the registration expiration date for PEOs to October 15 following registration issuance, with a special provision for registrations issued on or after January 1, 2025, which will expire on October 15, 2026. It also synchronizes the timing of annual audits with registration renewal. Importantly, the bill limits the method of providing financial surety for PEOs with insufficient working capital, restricting them to only using bonds and eliminating previous options like irrevocable letters of credit or securities. The market value measure for bond sufficiency is also removed. These changes aim to standardize and streamline the registration and financial reporting process for PEOs, ensuring they have adequate financial backing and providing a clear, consistent renewal timeline. By requiring more straightforward financial guarantees and aligning registration and audit timelines, the bill seeks to enhance oversight and transparency in the professional employer organization industry.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce, Labor and Economic Development (House)
Last Action
House Approved by Governor on Wednesday, March 26, 2025 (on 04/10/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://kslegislature.gov/li/b2025_26/measures/hb2092/ |
| Analysis - Summary: Enrolled - Law effective July 1, 2025 | https://kslegislature.gov/li/b2025_26/measures/documents/summary_hb_2092_2025.pdf |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/hb2092_enrolled.pdf |
| House Committee on Commerce, Labor and Economic Development Report | https://kslegislature.gov/li/b2025_26/measures/documents/cr_2025_hb2092_h_1094.pdf |
| Analysis - Supplemental Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/supp_note_hb2092_00_0000.pdf |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_hb2092_00_0000.pdf |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/hb2092_00_0000.pdf |
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