Environment
Mixed / Neutral
50%
Benefits
- no identified environmental impact
Risks
- no identified environmental impact
StateIowaEnacted
SF 2497: A bill for an act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions.
COMMITTEE ON WAYS AND MEANS
SF 2497 status: Enacted — Signed by Governor (updated Jun 2, 2026).
Source
LegiScan
Confidence
High
Analysis basis
LegiScan full bill text
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
85OUT OF 100
Score:85/100 civic fit
Risk:Low Risk
Impact:Moderate Impact 60/100
Earlier scoring method. Reanalyze to use the sector calculation.
Constitutionality95%
Bipartisan90%
Public opinion50%
Bill summary
The bill modernizes Iowa's commercial law by adopting the Uniform Assignment for the Benefit of Creditors Act, establishing a structured state-level insolvency process for businesses as an alternative to bankruptcy.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
80%
Benefits
- provides a more predictable framework for business insolvency
- reduces costs compared to federal bankruptcy for small/medium enterprises
Risks
- introduces new administrative compliance requirements for assignees
Society
Mixed / Neutral
55%
Benefits
- potentially faster recovery for creditors
- allows for more orderly wind-downs of failing businesses
Risks
- less robust employee protections than federal Chapter 11 bankruptcy
Technology Industry
Not scored in this analysis.
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Civic Accountability
Not scored in this analysis.
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Public Health & Safety
Not scored in this analysis.
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03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
LegiScan
Official bill text or data from LegiScan.
Confidence
High
Information is complete and verified.
Analysis basis
LegiScan full bill text
Source used for this bill's analysis.
Source note
Assignment for the benefit of creditors is an alternative to bankruptcy and may offer fewer protections to certain debtors compared to federal bankruptcy code.
Analysis scope
Uniform law adoption primarily affects specialized legal and financial professionals.
04
Where it stands
Official recordSigned by Governor.
- IntroducedComplete
- CommitteeComplete
- Chamber votesComplete
- Final agreementComplete
- GovernorComplete
- EnactedComplete
05
How it affects your district
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06
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