A bill for an act providing for certain persons acting under the jurisdiction of the secretary of state, including by providing for information from required filings, and the administrative dissolution of certain entities, and making penalties applicable. (Formerly HSB 665.) Effective date: 07/01/2026.

This bill updates regulations for certain entities overseen by the Iowa Secretary of State. It includes provisions for sharing information from required filings and allows for the administrative dissolution of specific entities that do not comply with these requirements. The bill also establishes penalties for non-compliance.

Supporters of the bill argue that it enhances accountability and transparency for businesses operating in Iowa. By ensuring that entities meet their filing obligations, the bill aims to protect consumers and maintain the integrity of the business environment in the state.

Critics contend that the bill may impose unnecessary burdens on small businesses and could lead to the unwarranted dissolution of entities that may simply be struggling with compliance. They argue that the penalties could disproportionately affect smaller organizations and stifle entrepreneurial efforts in Iowa.