Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateKansasIn Committee
SB 301: 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
SB 301 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
55OUT OF 100
Score:55/100 civic fit
Risk:Moderate Risk
Impact:Moderate Impact 40/100
Constitutionality85%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill would have required the state bank commissioner to obtain approval from the legislative coordinating council before revoking a charter for a Technology-Enabled Fiduciary Financial Institution (TEFFI).
Who is affected
Technology-Enabled Fiduciary Financial Institutions (TEFFIs) operating under Kansas law.
Requirements and enforcement
Requires an additional layer of administrative and legislative authorization for the revocation of financial charters.
Costs and funding
Not stated in the available source.
When it takes effect
N/A (Bill died in committee).
Potential benefits
Introduces a legislative check-and-balance mechanism to ensure that the commissioner's regulatory powers are overseen by elected representatives.
Risks and tradeoffs
Risk of politicized outcomes in banking regulation and potential for delays in revoking charters for problematic institutions.
What is still unknown
The specific evaluation criteria the Legislative Coordinating Council would employ when reviewing charter revocation requests.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
55%
Benefits
- Formalizes charter revocation process
- Protects market from insolvent firms
- Ensures high-level regulatory oversight
Risks
- Potential for arbitrary revocation
- Risk of legislative interference
- Increased market uncertainty for firms
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
45%
Benefits
- Provides structured framework for exit
- Standardized regulatory revocation
- Oversight of tech-based financial entities
Risks
- Targeted burden on fintech firms
- Legislative involvement in tech licensing
- Politicization of tech-finance regulation
Civic Accountability
Positive outlook
65%
Benefits
- Legislative check on executive power
- Formalizes revocation process transparency
- Mandates legislative committee review
Risks
- Potential for slow regulatory response
- Risk of committee bottlenecking
- Politicization of banking oversight
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
Abstract provided lacks full bill text
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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