WY SF 55
enactedSpecial purpose depository institution-amendments.
Wyoming · 2026 · lower
Quick answers
Did WY SF 55 pass?
Yes. WY SF 55 has been enacted into law as of 2026-03-08. Latest recorded action (2026-03-08): Governor Signed SEA No. 0054
What is WY SF 55 about?
This act amends the initial capital stock requirements for special purpose depository institutions (SPDIs) by requiring SPDIs to have capital stock and a paid-up surplus fund to commence business rather than to be chartered, changes the amount of estimated operating expenses required for SPDIs to commence business from three (3) years to one (1) year, and repeals the requirement for a SPDI to maintain a contingency account. This act amends the application for a SPDI to be chartered by requiring a comprehensive estimate of operating expenses for the first year of operation instead of three (3) years and requires a plan to raise capital instead of providing evidence of the required capital. This act authorizes the Wyoming Banking Commissioner (Commissioner) to establish requirements that must be met for an approved SPDI to commence business and provides that if a SPDI fails to commence business in compliance with these requirements within one (1) year after the issuance of a certificate of authority to operate, then the charter and certificate of authority shall expire. This act adds the decisions of the Wyoming State Banking Board or the Commissioner regarding the requirements for an approved SPDI to commence business and the issuance or denial of an extension to commence business as decisions that are appealable to the district court or the chancery court. This act creates a SPDI resolution fund account that requires a portion of each supervisory fee paid by SPDIs to be deposited into the account to be used by the Commissioner in the event of an involuntary dissolution of a SPDI.
Who sponsors WY SF 55?
Rothfuss is the primary sponsor of WY SF 55, joined by 6 cosponsors.
Description
This act amends the initial capital stock requirements for special purpose depository institutions (SPDIs) by requiring SPDIs to have capital stock and a paid-up surplus fund to commence business rather than to be chartered, changes the amount of estimated operating expenses required for SPDIs to commence business from three (3) years to one (1) year, and repeals the requirement for a SPDI to maintain a contingency account. This act amends the application for a SPDI to be chartered by requiring a comprehensive estimate of operating expenses for the first year of operation instead of three (3) years and requires a plan to raise capital instead of providing evidence of the required capital. This act authorizes the Wyoming Banking Commissioner (Commissioner) to establish requirements that must be met for an approved SPDI to commence business and provides that if a SPDI fails to commence business in compliance with these requirements within one (1) year after the issuance of a certificate of authority to operate, then the charter and certificate of authority shall expire. This act adds the decisions of the Wyoming State Banking Board or the Commissioner regarding the requirements for an approved SPDI to commence business and the issuance or denial of an extension to commence business as decisions that are appealable to the district court or the chancery court. This act creates a SPDI resolution fund account that requires a portion of each supervisory fee paid by SPDIs to be deposited into the account to be used by the Commissioner in the event of an involuntary dissolution of a SPDI.
- Introduced
- 2026-02-10
- Latest action
- 2026-03-08 — Governor Signed SEA No. 0054
- Bill type
- bill
- Last updated
- —
Sponsors
- Rothfussprimary
- Olsencosponsor
- Nethercottcosponsor
- Cragocosponsor
- Yincosponsor
- Singhcosponsor
- Filercosponsor
Committees
Not provided by source.
Action timeline
2026-03-08
Assigned Chapter Number 75
became-law
2026-03-08
Governor Signed SEA No. 0054
executive-signature
2026-03-06
H Speaker Signed SEA No. 0054
2026-03-05
S President Signed SEA No. 0054
2026-03-05
Assigned Number SEA No. 0054
2026-03-05
H 3rd Reading:Passed 36-25-1-0-0
passage,reading-3
2026-03-04
H 2nd Reading:Passed
reading-2
2026-03-04
H COW:Passed
committee-passage-favorable
2026-03-02
H Placed on General File
2026-03-02
H09 - Minerals:Recommend Do Pass 7-1-1-0-0
committee-passage-favorable
2026-02-26
H Introduced and Referred to H09 - Minerals
introduction,referral-committee
2026-02-23
H Received for Introduction
filing
2026-02-23
S 3rd Reading:Passed 26-5-0-0-0
passage,reading-3
2026-02-20
S 2nd Reading:Passed
reading-2
2026-02-20
S COW:Passed
committee-passage-favorable
2026-02-18
S Placed on General File
2026-02-18
S09 - Minerals:Recommend Do Pass 5-0-0-0-0
committee-passage-favorable
2026-02-10
S Introduced and Referred to S09 - Minerals 22-8-1-0-0
introduction,referral-committee
2026-01-29
S Received for Introduction
filing
2026-01-27
Bill Number Assigned
reading-1
Versions
Documents
Votes
S Introduced and Referred to S09 - Minerals 22-8-1-0-0
2026-02-10 · pass · 22-8
Member-level votes (31)
- Anderson: yes
- Barlow: yes
- Boner: yes
- Brennan: yes
- Case: yes
- Cooper: yes
- Crago: yes
- Crum: yes
- Dockstader: yes
- Driskill: yes
- Gierau: yes
- Hicks: yes
- Jones: yes
- Kolb: yes
- Landen: yes
- Love: yes
- Olsen: yes
- Nethercott: yes
- Rothfuss: yes
- Schuler: yes
- Scott: yes
- Biteman: yes
- French: no
- Hutchings: no
- Ide: no
- Laursen: no
- McKeown: no
- Pearson: no
- Salazar: no
- Steinmetz: no
- Pappas: excused
S09 - Minerals:Recommend Do Pass 5-0-0-0-0
2026-02-18 · pass · 5-0
Member-level votes (5)
- COOPER: yes
- JONES: yes
- NETHERCOTT: yes
- ROTHFUSS: yes
- ANDERSON: yes
S 3rd Reading:Passed 26-5-0-0-0
2026-02-23 · pass · 26-5
Member-level votes (31)
- Anderson: yes
- Barlow: yes
- Boner: yes
- Brennan: yes
- Case: yes
- Cooper: yes
- Crago: yes
- Crum: yes
- Dockstader: yes
- Driskill: yes
- French: yes
- Gierau: yes
- Hicks: yes
- Jones: yes
- Kolb: yes
- Landen: yes
- Laursen: yes
- Love: yes
- Nethercott: yes
- Olsen: yes
- Pappas: yes
- Rothfuss: yes
- Salazar: yes
- Schuler: yes
- Scott: yes
- Biteman: yes
- Ide: no
- Hutchings: no
- McKeown: no
- Pearson: no
- Steinmetz: no
H09 - Minerals:Recommend Do Pass 7-1-1-0-0
2026-03-02 · pass · 7-1
Member-level votes (10)
- CAMPBELL: yes
- K: yes
- KNAPP: yes
- LARSON: yes
- LAWLEY: yes
- RIGGINS: yes
- TARVER: yes
- WEBBER: yes
- HEINER: no
- SCHMID: excused
H 3rd Reading:Passed 36-25-1-0-0
2026-03-05 · pass · 36-25
Member-level votes (65)
- Andrew: yes
- Banks: yes
- Brown: yes
- L: yes
- Byron: yes
- Campbell: yes
- E: yes
- K: yes
- Chestek: yes
- Clouston: yes
- Connolly: yes
- Davis: yes
- Filer: yes
- Erickson: yes
- Fornstrom: yes
- Geringer: yes
- Harshman: yes
- Jarvis: yes
- Larsen: yes
- Larson: yes
- JT: yes
- Locke: yes
- Lawley: yes
- Nicholas: yes
- Posey: yes
- Provenza: yes
- Riggins: yes
- Sherwood: yes
- Singh: yes
- Storer: yes
- Styvar: yes
- Tarver: yes
- Thayer: yes
- Washut: yes
- Wasserburger: yes
- Wharff: yes
- Williams: yes
- Yin: yes
- Wylie: yes
- Allemand: no
- Angelos: no
- Bear: no
- Brady: no
- Bratten: no
- G: no
- Guggenmos: no
- Haroldson: no
- Hoeft: no
- Heiner: no
- Johnson: no
- Knapp: no
- Lien: no
- Lucas: no
- McCann: no
- Ottman: no
- Pendergraft: no
- Rodriguez-Williams: no
- Schmid: no
- Smith: no
- Strock: no
- Webber: no
- Webb: no
- Winter: no
- Neiman: no
- Kelly: excused
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:38:54.484336Z
Inspect retained evidence for changes recorded after evidence tracking began:
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