Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateKansasIn Committee
HB 2417: Authorizing the state bank commissioner to revoke a TEFFI charter, subject to approval by the legislative coordinating council.
Joint Committee on Fiduciary Financial Institutions Oversight
HB 2417 status: In Committee — Died in Committee (updated Apr 10, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
53OUT OF 100
Score:53/100 civic fit
Risk:Moderate Risk
Impact:Moderate Impact 40/100
Constitutionality75%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill would have created a mandatory review and approval process involving the legislative coordinating council before the state bank commissioner could revoke a TEFFI charter.
Who is affected
Technology-based financial institutions (TEFFI) holding Kansas charters and the Office of the State Bank Commissioner.
Requirements and enforcement
The bank commissioner would have been required to secure legislative approval to exercise charter revocation powers.
Costs and funding
Not stated in the available source.
When it takes effect
Legislative process initiated in January 2026; bill died in committee in April 2026.
Potential benefits
Introduced a check-and-balance system on executive revocation powers and established a formal process for handling failing or non-compliant financial firms.
Risks and tradeoffs
Potential for political interference in financial regulation, increased administrative burden, and potential chilling effects on the financial technology sector.
What is still unknown
The specific grounds for revocation and the internal procedures for the legislative council's decision-making were not detailed in the available abstract.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Adds formal oversight to specific financial business charters
- Provides a legal mechanism for shutting down non-compliant firms
- Increases regulatory accountability in the financial sector
Risks
- Creates regulatory uncertainty for financial institutions
- Potential for political influence in business licensing
- Risk of arbitrary revocation affecting market stability
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
Mixed / Neutral
50%
Benefits
- Clarifies the commissioner's authority over fintech firms
- Provides clear rules for charter maintenance
- Improves standard-setting for technology-based finance
Risks
- Increases regulatory compliance for technology firms
- Risk of subjective revocation by political bodies
- Potential deterrent for fintech startups seeking charters
Civic Accountability
Positive outlook
60%
Benefits
- Ensures executive oversight by the bank commissioner
- Includes legislative checks via the coordinating council
- Prevents unilateral agency actions on charter revocation
Risks
- Potential for administrative delays in urgent cases
- Risk of political gridlock in the approval process
- Adds complexity to existing governance structures
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis scope
Source information is limited to a brief legislative abstract.
04
Where it stands
Official record- IntroducedComplete
- CommitteeCurrent
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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