Indiana 2026 Regular Session Status: In Committee Bipartisan · 2 R · 1 D cosponsors

SB 289 — Public depositories.

Last action — Committee report: amend do pass, adopted

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 12, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 36% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    2 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 1 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Provides that if two or fewer financial institutions that have a branch or principal office in a county or in a county contiguous to the county that is located in Indiana are willing to accept public funds, the board of finance for the county may: (1) treat the financial institutions that are located within the county or a county contiguous to the county that is located in Indiana as if the financial institutions were not located within the county or a county contiguous to the county; and (2) designate certain financial institutions to receive public funds. Makes conforming changes.

Bill Text

Action History

  1. Committee report: amend do pass, adopted

  2. Senator Randolph added as coauthor

  3. First reading: referred to Committee on Insurance and Financial Institutions

  4. Authored by Senators Walker K, Baldwin

Sponsors

Sponsorship breakdown

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2 sponsors · 1 co-sponsors · 147 not signed on

Sponsors (2)

Co-sponsors (1)

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 289 do?
Provides that if two or fewer financial institutions that have a branch or principal office in a county or in a county contiguous to the county that is located in Indiana are willing to accept public funds, the board of finance for the county may: (1) treat the financial institutions that are located within the county or a county contiguous to the county that is located in Indiana as if the financial institutions were not located within the county or a county contiguous to the county; and (2) designate certain financial institutions to receive public funds. Makes conforming changes.
Who sponsors SB 289?
SB 289 is sponsored by Lonnie Randolph (Democrat), Scott Baldwin (Republican), and Kyle Walker (Republican).
What is the current status of SB 289?
This bill is in committee in the Senate. Introduced January 12, 2026. It must pass committee before a floor vote.
Where can I track SB 289?
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Last checked for changes 3 months ago · updated continuously

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