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KS SB300
KS SB300Prohibiting the office of the state bank commissioner or any other state agency from becoming a receiver for a technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy.
summary
Introduced
01/12/2026
01/12/2026
In Committee
03/05/2026
03/05/2026
Crossed Over
02/12/2026
02/12/2026
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning financial institutions; relating to the technology- enabled fiduciary financial institutions act; prohibiting the office of the state bank commissioner or any other state agency from becoming a receiver for a technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy; amending K.S.A. Supp. 9-2301 and repealing the existing section.
AI Summary
This bill prohibits the office of the state bank commissioner or any other state agency from acting as a receiver for a "technology-enabled fiduciary financial institution" that becomes insolvent, meaning it cannot pay its debts or meet creditor demands, or declares bankruptcy. The bill amends the "technology-enabled fiduciary financial institutions act," which governs specific types of financial institutions that handle alternative assets and engage in fidfin services, by adding this new prohibition and repealing the existing section that defined the act. The bill also clarifies that it takes effect upon publication in the Kansas Register.
Committee Categories
Business and Industry, Labor and Employment
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Joint Committee on Fiduciary Financial Institutions Oversight (Other)
Last Action
House Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Pensions (on 03/05/2026)
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/sb300/ |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/sb300_01_0000.pdf |
| House Committee on Financial Institutions and Pensions Report | https://kslegislature.gov/li/b2025_26/measures/documents/cr_2026_sb300_h_4055.pdf |
| Analysis - Supplemental Note: As Amended by House Committee | https://kslegislature.gov/li/b2025_26/measures/documents/supp_note_sb300_01_0000.pdf |
| Senate Committee on Financial Institutions and Insurance Report | https://kslegislature.gov/li/b2025_26/measures/documents/cr_2026_sb300_s_3393.pdf |
| Analysis - Supplemental Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/supp_note_sb300_00_0000.pdf |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_sb300_00_0000.pdf |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/sb300_00_0000.pdf |
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