Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateKansasIn Committee
HB 2418: Prohibiting the office of the state bank commissioner or any other state agency from becoming a receiver for a technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy.
Joint Committee on Fiduciary Financial Institutions Oversight
HB 2418 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
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:Moderate Risk
Impact:Moderate Impact 45/100
Constitutionality85%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill would prohibit the Office of the State Bank Commissioner and other state agencies from acting as a receiver for technology-enabled fiduciary financial institutions that declare bankruptcy.
Who is affected
Technology-enabled fiduciary financial institutions, their depositors, creditors, and the state bank commissioner.
Requirements and enforcement
The state is required to remain legally and operationally detached from the receivership of these specific private financial entities.
Costs and funding
Not stated; the bill seeks to avoid state costs by insulating the government from private insolvency.
When it takes effect
The bill died in committee.
Potential benefits
It protects state agencies from the fiscal and administrative burden of managing bankruptcy for niche financial institutions.
Risks and tradeoffs
The lack of state-led oversight during insolvency could leave depositors and creditors vulnerable with limited avenues for protection.
What is still unknown
The exact process for how these institutions would be liquidated or reorganized without state receivership remains unclear under this proposal.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Limits state fiscal liability for private institutional failures
- Prevents use of taxpayer funds for insolvency proceedings
- Clarifies the limits of state agency regulatory scope
Risks
- Increases financial risk for depositors and creditors
- Potentially weakens institutional stability signals
- Reduces public-sector safety net for fiduciary entities
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
- Defines clear boundaries for state-tech engagement
- Limits state interference in private institutional operations
- Forces internal accountability for technological financial firms
Risks
- Increases uncertainty for venture capital and private investors
- Risk to Kansas reputation as a specialized fintech jurisdiction
- Lack of clear state-led contingency plans for insolvency
Civic Accountability
Mixed / Neutral
50%
Benefits
- Clearly constrains the power of the Bank Commissioner
- Provides legislative clarity on state agency responsibilities
- Prevents agency overreach during private business failures
Risks
- Removes an oversight mechanism for failing financial institutions
- Weakens the state's role in monitoring fiduciary health
- Leaves consumers without state-appointed bankruptcy protection
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 provided is a summary; full statutory language was not reviewed.
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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