A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.(Formerly HSB 256; See HF 986.)

Iowa House File 911 (HF911) was a legislative proposal introduced on March 10, 2025, aiming to address various issues under the Department of Insurance and Financial Services. The bill sought to enhance financial literacy programs, protect against financial exploitation, maintain tax confidentiality, regulate health insurance rates, promote health savings accounts, oversee insurer withdrawals, manage property insurance, and govern service contracts. However, HF911 was withdrawn on April 28, 2025, and its provisions were incorporated into House File 986 (HF986), which expanded the scope to include the Utilities Commission and the Department of Transportation, adding topics like the Iowa Individual Health Benefit Reinsurance Association, the Iowa Cemetery Act, and motor vehicle financial liability coverage. HF986 was introduced on April 7, 2025, and as of January 22, 2026, was under consideration by a Senate subcommittee.

Media coverage highlighted the comprehensive nature of HF911 and its successor, HF986, noting the bills' efforts to address a wide range of financial and insurance-related issues. Commentators praised the inclusion of measures to enhance financial literacy and protect consumers from exploitation, viewing these as steps toward greater financial security for Iowans. The consolidation of various regulatory aspects under a single legislative framework was seen as a move to streamline oversight and improve efficiency within the state's financial services sector.

Critics expressed concerns about the broad scope of HF911 and HF986, arguing that the inclusion of numerous unrelated provisions could complicate the legislative process and hinder effective implementation. Some stakeholders worried that the bills might impose additional regulatory burdens on insurers and financial institutions, potentially leading to increased costs for consumers. Additionally, there were apprehensions that the expanded authority granted to state agencies could result in overreach and unintended consequences for businesses operating within the state.