Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateWyomingEnacted
SF 54: State banks and SPDI conversions.
Chris Rothfuss
SF 54 status: Enacted — Assigned Chapter Number 74 (updated Mar 8, 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
58OUT OF 100
Score:58/100 civic fit
Risk:Low Risk
Impact:Moderate Impact 40/100
Constitutionality85%
Bipartisan70%
Public opinion50%
Bill summary
What changes
The legislation establishes a formal, legal process for Special Purpose Depository Institutions (SPDIs) to convert to state banks and for state banks to convert to SPDIs.
Who is affected
State-chartered Special Purpose Depository Institutions and existing state-chartered banks in Wyoming.
Requirements and enforcement
Entities must satisfy specific regulatory criteria defined by the state for charter conversion.
Costs and funding
Not stated in the available source.
When it takes effect
Enacted into law effective as of the legislative process conclusion on March 8, 2026.
Potential benefits
Provides enhanced organizational flexibility for financial institutions to adapt their business model to market conditions.
Risks and tradeoffs
Potential for regulatory complexity during the transition process and the need for robust oversight.
What is still unknown
The specific internal regulatory requirements for approval of these conversions are not detailed in the available abstract.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
60%
Benefits
- Provides institutional flexibility for financial service providers.
- Allows businesses to align charter status with current market goals.
- Facilitates capital retention by easing business model pivots.
Risks
- Potential complexity in regulatory oversight for changing charters.
- Risk of regulatory arbitrage between banking types.
- Increased administrative burden for state financial regulators.
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Mixed / Neutral
55%
Benefits
- Clarifies the regulatory path for bank charter conversions.
- Provides a defined legal process for agency interaction.
- Standardizes requirements for institutions seeking to change status.
Risks
- Requires active oversight to prevent charter status misuse.
- Potential for opaque agency approval processes.
- Limited public participation in specific entity conversions.
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
No specific risk evidence provided in abstract.
Analysis scope
Analysis based on abstract metadata only.
04
Where it stands
Official recordAssigned Chapter Number 74
- IntroducedComplete
- CommitteeComplete
- Chamber votesComplete
- Final agreementComplete
- GovernorComplete
- EnactedComplete
05
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06
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