HB 2152 Kansas House · 2025-2026 Regular Session

Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.

HB 2152 requires Kansas financial institutions holding government deposits exceeding FDIC insurance limits to secure those funds using a "public moneys pooled method" (investing in specific pooled securities, not cash). It directly affects all Kansas governmental units (state, counties, municipalities) and financial institutions acting as public depositaries. Key provisions include maintaining 102% market value of securities to cover unsecured deposits, requiring governmental units to first offer deposits to banks before using pooled funds, and allowing financial institutions to file complaints if units fail to comply. The bill also equalizes investment rates for municipal pools and bank deposits, with effective date January 1, 2026.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Jan 29, 2025 Signed Apr 10, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

As Amended by Senate Committee Enrolled · 1 edit · Apr 10, 2025
MINOR
The bill text was reformatted to remove internal committee markup and page headers, resulting in a cleaner, continuous layout. The substantive legal language, including definitions, requirements for securing public funds, and the 102% collateral rule, remains unchanged.
Scope change
No change in scope or applicability; the bill covers the same financial institutions and governmental units as before.
TECHNICAL

Removed internal committee headers, page numbers, and line number markers to produce a clean, final version of the bill text.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
18
Key actions
10
Committee
6
Apr 10, 2025
Signed into law
Approved by Governor on Thursday, April 3, 2025
lower
Mar 24, 2025
Lower · Passed
Concurred with amendments; Yea 117, Nay 5, Absent 3
lower
Mar 20, 2025
Upper · Passed
Emergency Final Action - Passed as amended; Yea 40, Nay 0
upper
Mar 20, 2025
Upper · Passed
Committee of the Whole - Be passed as amended
upper
Mar 20, 2025
Upper · Passed
Committee of the Whole - Committee Report be adopted
upper
Mar 18, 2025
Upper · Passed
Committee Report recommending bill be passed as amended by Senate Committee on Financial Institutions and Insurance
upper
Mar 11, 2025
Committee
Referred to Senate Committee on Financial Institutions and Insurance
upper
Mar 11, 2025
Introduced
Received and Introduced
upper
Mar 11, 2025
Lower · Passed
Final Action - Substitute passed; Yea 119, Nay 4, Absent 2
lower
Mar 10, 2025
Lower · Passed
Committee of the Whole - Substitute bill be passed
lower
Mar 10, 2025
Lower · Passed
Committee of the Whole - Committee Report be adopted recommending substitute bill be passed
lower
Mar 4, 2025
Lower · Passed
Committee Report recommending substitute bill be passed by House Committee on Financial Institutions and Pensions
lower
Feb 20, 2025
Committee
Withdrawn from House Committee on Financial Institutions and Pensions; Referred to House Committee on Financial Institutions and Pensions
lower
Feb 17, 2025
Committee
Withdrawn from House Committee on Federal and State Affairs; Referred to House Committee on Federal and State Affairs
lower
Jan 29, 2025
Committee
Referred to House Committee on Financial Institutions and Pensions
lower
Jan 29, 2025
Introduced
Introduced
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.