Bill
Bill > SF2147
IA SF2147
IA SF2147A bill for an act relating to respondents in a proceeding to expunge information in a record in the investment adviser registration depository.(Formerly SSB 3056.)
summary
Introduced
01/29/2026
01/29/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill relates to respondents in a proceeding to expunge information in a record in the investment adviser registration depository. Under current law, the commissioner of insurance, or the investment adviser that reported the information in the record in the investment adviser registration depository, may be named as a respondent or as respondents in a proceeding to expunge the information. Under the bill, the commissioner shall be named as a respondent and the investment adviser may be named as a respondent in such a proceeding.
AI Summary
This bill modifies who can be named as a respondent, which is a party against whom a legal action is brought, in a proceeding to remove or expunge, meaning to officially erase or destroy, information from the investment adviser registration depository, a database that keeps records of investment advisers. Currently, either the commissioner of insurance or the investment adviser that submitted the information can be named as a respondent, or both. However, this bill mandates that the commissioner of insurance *must* be named as a respondent, and it also allows for the investment adviser that reported the information to be named as a respondent as well.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce (Senate)
Last Action
Committee report, approving bill. S.J. 172. (on 01/29/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2147 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2147.html |
Loading...