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SB 139 Kansas Senate · 2025-2026 Regular Session

Updating certain definitions, terms and conditions relating to the state banking code.

SB 139 updates definitions and administrative procedures in Kansas' state banking code. It clarifies what constitutes a "bank" (excluding certain limited-service credit card operations), defines "bank holding company" with specific exemptions, and specifies that Kansas banks must notify regulators immediately of board changes. The bill also requires merger charters to become void on the effective date and ensures certain hearings follow Kansas' administrative procedures. These changes primarily affect Kansas-chartered banks, bank holding companies, and financial regulators by modernizing regulatory language and processes.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Feb 2025
House Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Jan 31, 2025 Signed Apr 10, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

As Amended by House Committee on Financial Institutions and Pensions → Enrolled · 5 edits · Apr 10, 2025
MODERATE
This bill updates the Kansas banking code to modernize definitions and procedures. It clarifies who counts as a 'bank holding company' by adding a specific test for commissioner control, expands exemptions for companies involved in securities underwriting, and redefines 'out-of-state bank holding companies' to include those not meeting the Kansas deposit threshold. The bill also adds a new definition for 'subsidiary' to clarify ownership control and removes an outdated exclusion for government-owned corporations from the 'company' definition.
Scope change
The bill modifies the scope of regulations regarding bank holding companies by adding new criteria for determining control and expanding exemptions for investment activities, while narrowing the definition of out-of-state holding companies.
DEFINITION

Added a new criterion to the 'bank holding company' definition that allows the commissioner to determine control based on exercising influence over management or policies after a hearing.

Changed the definition of 'out-of-state bank holding company' to simply mean any holding company that is not a Kansas bank holding company, replacing the previous deposit-based threshold.

Added a new definition for 'subsidiary' to clarify that it includes companies where the bank holding company owns more than 5% of voting shares or controls the election of a majority of directors.

Removed an exclusion for corporations owned by the United States or any state from the definition of 'company'.

REQUIREMENT

Added specific exemptions stating that companies owning shares for securities underwriting, proxy solicitation, or debt collection purposes are not automatically considered bank holding companies.

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
13
Committee
8
Apr 10, 2025
Signed into law
Approved by Governor on Tuesday, April 8, 2025
upper
Mar 26, 2025
Upper · Passed
Conference Committee Report was adopted; Yea 40, Nay 0
upper
Mar 25, 2025
Lower · Passed
Conference Committee Report was adopted; Yea 122, Nay 0, Absent 3
lower
Mar 25, 2025
Lower · Passed
Conference committee report now available
lower
Mar 19, 2025
Lower · Passed
Motion to accede adopted; Rep. Nick Hoheisel, Rep. Angela Stiens and Rep. Rui Xu appointed as conferees
lower
Mar 18, 2025
Upper · Passed
Nonconcurred with amendments; Conference Committee requested; appointed Sen. Brenda Dietrich, Sen. Michael Fagg and Sen. Marci Francisco
upper
Mar 17, 2025
Lower · Passed
Final Action - Passed as amended; Yea 122, Nay 0, Absent 3
lower
Mar 14, 2025
Lower · Passed
Committee of the Whole - Be passed as amended
lower
Mar 14, 2025
Lower · Passed
Committee of the Whole - Committee Report be adopted
lower
Mar 10, 2025
Lower · Passed
Committee Report recommending bill be passed as amended by House Committee on Financial Institutions and Pensions
lower
Feb 20, 2025
Committee
Referred to House Committee on Financial Institutions and Pensions
lower
Feb 20, 2025
Introduced
Received and Introduced
lower
Feb 19, 2025
Upper · Passed
Emergency Final Action - Passed; Yea 40, Nay 0
upper
Feb 19, 2025
Upper · Passed
Committee of the Whole - Be passed
upper
Feb 17, 2025
Upper · Passed
Committee Report recommending bill be passed by Senate Committee on Financial Institutions and Insurance
upper
Feb 3, 2025
Committee
Referred to Senate Committee on Financial Institutions and Insurance
upper
Jan 31, 2025
Introduced
Introduced
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.