A bill for an act relating to pipeline project investor disclosures, making penalties applicable, and providing effective date and retroactive applicability provisions.

SF 2058 requires pipeline companies seeking the right to use eminent domain (to take private land for projects) to disclose detailed investor information in their permit applications. This includes the names, home addresses, and investment ranges (e.g., $1-$9,999, $10,000-$49,999, or over $1 million) of all investors with a stake exceeding $1 in the project. Failure to provide accurate disclosures triggers a minimum $1 million civil penalty and allows Iowa residents to sue for damages caused by the violation. The law applies retroactively to pipeline applications submitted since July 1, 2019.