Utah 2026 General Session Status: Enacted 2 R cosponsors

HB 250 — Utah Retirement Plan Exchange

Last action — Governor Signed

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

This bill has been enacted into law. Introduced January 14, 2026. Enacted.

Signed by Governor Spencer Cox (Republican) on March 24, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 54% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

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

Bill Text

What changed in the latest version

572 added · 531 removed

Plain-language change summary

The recent amendment to Bill HB 250 introduces a provision that allows the office to remove or suspend a listing under certain circumstances. This change is important because it gives the office more authority and flexibility to manage listings, which could help ensure that only relevant or accurate information is presented. Overall, this adjustment aims to enhance the effectiveness of the office's operations.

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HB0250S01 compared with HB0250 {Omitted text} shows text that was in HB0250 but was omitted in HB0250S01 inserted text shows text that was not in HB0250 but was inserted into HB0250S01 DISCLAIMER:
Enrolled Copy H.B.
This document is provided to assist you in your comparison of the two bills.
250 Utah Retirement Plan Exchange GENERAL SESSION STATE OF UTAH Chief Sponsor:
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Therefore, you need to read the actual bills.
This automatically generated document could contain inaccuracies caused by:
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or other causes.
Utah Retirement Plan Exchange GENERAL SESSION STATE OF UTAH Chief Sponsor:
3 LONG TITLE General Description:
Brady Brammer Cosponsor:
Jason E.
Thompson David Shallenberger 3 LONG TITLE General Description:
▸ provides a process by which a retirement plan provider can list a qualified retiremeHt plan on the exchange;
▸ provides a process by which a retirement plan provider can list a qualified retirement plan on the exchange;
B ▸ requires each retirement plan provider with a listing on the exchange to annually re2ort to the office;
▸ requires each retirement plan provider with a listing on the exchange to annually report to the office;
5 HB0250 compared with HB0250S01 ▸ allows the office to remove or suspend a listing under certain circumstances;
▸ allows the office to remove or suspend a listing under certain circumstances;
None Utah Code Sections Affected:
H.B.
250 Enrolled Copy None Utah Code Sections Affected:
63G-2-305 , as last amended by Laws of Utah 2025, First Special Session, Chapter 17 ENACTS:
63G-2-305, as last amended by Laws of Utah 2025, First Special Session, Chapter 17 ENACTS:
67-4-23 , Utah Code Annotated 1953 Be it enacted by the Legislature of the state of Utah:
67-4-23, Utah Code Annotated 1953 Be it enacted by the Legislature of the state of Utah:
63G-2-305.
63G-2-305 .
- 2 - HB0250 compared with HB0250S01 (4) records, the disclosure of which could cause commercial injury to, or confer a competitive advantage upon a potential or actual competitor of, a commercial project entity as defined in Subsection 11-13-103(4);
(4) records, the disclosure of which could cause commercial injury to, or confer a competitive advantage upon a potential or actual competitor of, a commercial project entity as defined in Subsection 11-13-103(4);
(6) records, the disclosure of which would impair governmental procurement proceedings or give an unfair advantage to any person proposing to enter into a contract or agreement with a governmental entity, except, subject to Subsections (1) and (2), that this Subsection (6) does not restrict the right of a person to have access to, after the contract or grant has been awarded and signed by all parties:
(6) records, the disclosure of which would impair governmental procurement proceedings or give an unfair advantage to any person proposing to enter into a contract or agreement with a governmental entity, except, subject to Subsections (1) and (2), that this - 2 - Enrolled Copy H.B.
250 Subsection (6) does not restrict the right of a person to have access to, after the contract or grant has been awarded and signed by all parties:
or (b) (i) a final determination is made not to enter into a contract that relates to the subject of the request for information;
or (b)(i) a final determination is made not to enter into a contract that relates to the subject of the request for information;
- 3 - HB0250 compared with HB0250S01 (b) the information has already been disclosed to persons not employed by or under a duty of confidentiality to the entity;
(b) the information has already been disclosed to persons not employed by or under a duty of confidentiality to the entity;
or (e) the property under consideration for public acquisition is a single family residence and the governmental entity seeking to acquire the property has initiated negotiations to acquire the property as required under Section 78B-6-505;
or (e) the property under consideration for public acquisition is a single family residence and the governmental entity seeking to acquire the property has initiated negotiations - 3 - H.B.
250 Enrolled Copy to acquire the property as required under Section 78B-6-505;
- 4 - HB0250 compared with HB0250S01 (12) records the disclosure of which would jeopardize the security of governmental property, governmental programs, or governmental recordkeeping systems from damage, theft, or other appropriation or use contrary to law or public policy;
(12) records the disclosure of which would jeopardize the security of governmental property, governmental programs, or governmental recordkeeping systems from damage, theft, or other appropriation or use contrary to law or public policy;
(13) records that, if disclosed, would jeopardize the security or safety of a correctional facility, or records relating to incarceration, treatment, probation, or parole, that would interfere with the control and supervision of an offender's incarceration, treatment, probation, or parole;
(13) records that, if disclosed, would jeopardize the security or safety of a correctional facility, or records relating to incarceration, treatment, probation, or parole, that would interfere with the control and supervision of an offender's incarceration, treatment, - 4 - Enrolled Copy H.B.
250 probation, or parole;
(19) (a) (i) personal files of a state legislator, including personal correspondence to or from a member of the Legislature;
(19)(a)(i) personal files of a state legislator, including personal correspondence to or from a member of the Legislature;
and (b) (i) an internal communication that is part of the deliberative process in connection with the preparation of legislation between:
and (b)(i) an internal communication that is part of the deliberative process in connection with the preparation of legislation between:
and - 5 - HB0250 compared with HB0250S01 (ii) notwithstanding Subsection (19)(b)(i), a communication that gives notice of legislative action or policy may not be classified as protected under this section;
and (ii) notwithstanding Subsection (19)(b)(i), a communication that gives notice of legislative action or policy may not be classified as protected under this section;
(20) (a) records in the custody or control of the Office of Legislative Research and General Counsel, that, if disclosed, would reveal a particular legislator's contemplated legislation or contemplated course of action before the legislator has elected to support the legislation or course of action, or made the legislation or course of action public;
(20)(a) records in the custody or control of the Office of Legislative Research and General Counsel, that, if disclosed, would reveal a particular legislator's contemplated legislation or contemplated course of action before the legislator has elected to support the legislation or course of action, or made the legislation or course of action public;
and (b) notwithstanding Subsection (20)(a), the form to request legislation submitted to the Office of Legislative Research and General Counsel is a public document unless a legislator asks that the records requesting the legislation be maintained as protected records until such time as the legislator elects to make the legislation or course of action public;
and (b) notwithstanding Subsection (20)(a), the form to request legislation submitted to the Office of Legislative Research and General Counsel is a public document unless a - 5 - H.B.
250 Enrolled Copy legislator asks that the records requesting the legislation be maintained as protected records until such time as the legislator elects to make the legislation or course of action public;
(28) records of an institution of higher education defined in Section 53H-1-101 regarding tenure evaluations, appointments, applications for admissions, retention decisions, and promotions, which could be properly discussed in a meeting closed in accordance with Title 52, Chapter 4, Open - 6 - HB0250 compared with HB0250S01 and Public Meetings Act, provided that records of the final decisions about tenure, appointments, retention, promotions, or those students admitted, may not be classified as protected under this section;
(28) records of an institution of higher education defined in Section 53H-1-101 regarding tenure evaluations, appointments, applications for admissions, retention decisions, and promotions, which could be properly discussed in a meeting closed in accordance with Title 52, Chapter 4, Open and Public Meetings Act, provided that records of the final decisions about tenure, appointments, retention, promotions, or those students admitted, may not be classified as protected under this section;
(31) records provided by the United States or by a government entity outside the state that are given to the governmental entity with a requirement that they be managed as protected records if the providing entity certifies that the record would not be subject to public disclosure if retained by it;
(31) records provided by the United States or by a government entity outside the state that - 6 - Enrolled Copy H.B.
250 are given to the governmental entity with a requirement that they be managed as protected records if the providing entity certifies that the record would not be subject to public disclosure if retained by it;
- 7 - HB0250 compared with HB0250S01 (a) the donor requests anonymity in writing;
(a) the donor requests anonymity in writing;
Show all 92 changed rows (52 more)
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(40) subject to Subsections (40)(g) and (h), the following records of an institution of higher education defined in Section 53H-1-101, which have been developed, discovered, disclosed to, or received by or on behalf of faculty, staff, employees, or students of the institution:
- 7 - H.B.
250 Enrolled Copy (40) subject to Subsections (40)(g) and (h), the following records of an institution of higher education defined in Section 53H-1-101, which have been developed, discovered, disclosed to, or received by or on behalf of faculty, staff, employees, or students of the institution:
(41) (a) records in the custody or control of the Office of the Legislative Auditor General that would reveal the name of a particular legislator who requests a legislative audit prior to the date that audit is completed and made public;
(41)(a) records in the custody or control of the Office of the Legislative Auditor General that would reveal the name of a particular legislator who requests a legislative audit prior to the date that audit is completed and made public;
and (b) notwithstanding Subsection (41)(a), a request for a legislative audit submitted to the Office of the Legislative Auditor General is a public document unless the legislator asks that the records in the - 8 - HB0250 compared with HB0250S01 custody or control of the Office of the Legislative Auditor General that would reveal the name of a particular legislator who requests a legislative audit be maintained as protected records until the audit is completed and made public;
and (b) notwithstanding Subsection (41)(a), a request for a legislative audit submitted to the Office of the Legislative Auditor General is a public document unless the legislator asks that the records in the custody or control of the Office of the Legislative Auditor General that would reveal the name of a particular legislator who requests a legislative audit be maintained as protected records until the audit is completed and made public;
(45) information regarding National Guard operations or activities in support of the National Guard's federal mission;
- 8 - Enrolled Copy H.B.
250 (45) information regarding National Guard operations or activities in support of the National Guard's federal mission;
- 9 - HB0250 compared with HB0250S01 (50) as provided in Section 26B-2-709:
(50) as provided in Section 26B-2-709:
and (b) the subject of the record has a reasonable expectation that this information will be kept confidential due to:
and (b) the subject of the record has a reasonable expectation that this information will be - 9 - H.B.
250 Enrolled Copy kept confidential due to:
- 10 - HB0250 compared with HB0250S01 (55) information collected and a report prepared by the Judicial Performance Evaluation Commission concerning a judge, unless Section 20A-7-702 or Title 78A, Chapter 12, Judicial Performance Evaluation Commission Act, requires disclosure of, or makes public, the information or report;
(55) information collected and a report prepared by the Judicial Performance Evaluation Commission concerning a judge, unless Section 20A-7-702 or Title 78A, Chapter 12, Judicial Performance Evaluation Commission Act, requires disclosure of, or makes public, the information or report;
(59) the following records in the custody or control of the Office of Inspector General of Medicaid Services, created in Section 63A-13-201:
(59) the following records in the custody or control of the Office of Inspector General of - 10 - Enrolled Copy H.B.
250 Medicaid Services, created in Section 63A-13-201:
- 11 - HB0250 compared with HB0250S01 (60) records that reveal methods used by the Office of Inspector General of Medicaid Services, the fraud unit, or the Department of Health and Human Services, to discover Medicaid fraud, waste, or abuse;
(60) records that reveal methods used by the Office of Inspector General of Medicaid Services, the fraud unit, or the Department of Health and Human Services, to discover Medicaid fraud, waste, or abuse;
(64) an audio or video recording created by a body-worn camera, as that term is defined in Section 77-7a-103, that records sound or images inside a hospital or health care facility as those terms are defined in Section 78B-3-403, inside a clinic of a health care provider, as that term is defined in Section 78B-3-403, or inside a human service program as that term is defined in Section 26B-2-101, except for recordings that:
(64) an audio or video recording created by a body-worn camera, as that term is defined in Section 77-7a-103, that records sound or images inside a hospital or health care facility as those terms are defined in Section 78B-3-403, inside a clinic of a health care provider, as that term is defined in Section 78B-3-403, or inside a human service program as that - 11 - H.B.
250 Enrolled Copy term is defined in Section 26B-2-101, except for recordings that:
and - 12 - HB0250 compared with HB0250S01 (ii) uses a device or piece of equipment designed or intended for resuscitating an individual or for treating an individual with a life-threatening condition;
and (ii) uses a device or piece of equipment designed or intended for resuscitating an individual or for treating an individual with a life-threatening condition;
(71) a record described in Section 31A-37-503;
- 12 - Enrolled Copy H.B.
250 (71) a record described in Section 31A-37-503;
- 13 - HB0250 compared with HB0250S01 (78) a record submitted to the Insurance Department under Section 31A-48-103;
(78) a record submitted to the Insurance Department under Section 31A-48-103;
or (ii) to a potential witness or other individual with direct knowledge of events relevant to a criminal investigation or criminal proceeding for the purpose of identifying or locating an individual in connection with the criminal investigation or criminal proceeding;
or (ii) to a potential witness or other individual with direct knowledge of events relevant to a criminal investigation or criminal proceeding for the purpose of identifying or locating an individual in connection with the criminal investigation or criminal - 13 - H.B.
250 Enrolled Copy proceeding;
- 14 - HB0250 compared with HB0250S01 (83) the following records of a drinking water or wastewater facility:
(83) the following records of a drinking water or wastewater facility:
(a) requires the statement under threat of employment disciplinary action, including possible termination of employment, for the employee's refusal to provide the statement;
(a) requires the statement under threat of employment disciplinary action, including possible termination of employment, for the employee's refusal to provide the - 14 - Enrolled Copy H.B.
250 statement;
- 15 - HB0250 compared with HB0250S01 (i) reveal a legal strategy relating to the state's claim to the use of the water;
(i) reveal a legal strategy relating to the state's claim to the use of the water;
or (iii) give an advantage to another state, a tribe, the federal government, or other government entity in negotiations regarding the use of water;[ and] (89) a record created or maintained for an investigation of the Prosecutor Conduct Commission, created in Section 63M-7-1102, that contains any personal identifying information of a prosecuting attorney, including:
or (iii) give an advantage to another state, a tribe, the federal government, or other government entity in negotiations regarding the use of water;[ and] (89) a record created or maintained for an investigation of the Prosecutor Conduct Commission, created in Section 63M-7-1102, that contains any personal identifying - 15 - H.B.
250 Enrolled Copy information of a prosecuting attorney, including:
Section 2 is enacted to read:
Section 67-4-23 is enacted to read:
67-4-23.
67-4-23 .
- 16 - HB0250 compared with HB0250S01 (c) "Eligible employer" means a non-governmental entity that:
(c) "Eligible employer" means a non-governmental entity that:
(i) an individual retirement account under Section 408 of the Internal Revenue Code;
- 16 - Enrolled Copy H.B.
250 (i) an individual retirement account under Section 408 of the Internal Revenue Code;
(2) (a) The office shall:
(2)(a) The office shall:
(ii) create and disseminate educational resources for eligible employers and eligible employees related to {retirement savings benefits and options;} :
(ii) create and disseminate educational resources for eligible employers and eligible employees related to:
and - 17 - HB0250 compared with HB0250S01 (B) the benefits of a financial advisor;
and (B) the benefits of a financial advisor;
(A) a summary of the qualified retirement plan's key features;
- 17 - H.B.
250 Enrolled Copy (A) a summary of the qualified retirement plan's key features;
(3) (a) Subject to Subsections (3)(b) and (c), the office shall list on the exchange a plan provider's qualified retirement plan if the plan provider:
(3)(a) Subject to Subsections (3)(b) and (c), the office shall list on the exchange a plan provider's qualified retirement plan if the plan provider:
(iv) for compliance and informational purposes, consents to monitoring by and periodic reporting to the office;and (v) satisfies any additional criteria the office establishes by rule{;
(iv) for compliance and informational purposes, consents to monitoring by and periodic reporting to the office;
and} .
and (v) satisfies any additional criteria the office establishes by rule.
{(vi) {pays an application fee established in accordance with Section 63J-1-504.} } (b) During the first 24 calendar months after the exchange begins operation, the office may limit the number of plan providers allowed to list a qualified retirement plan on the exchange, if the office - 18 - HB0250 compared with HB0250S01 bases the limitation on neutral, objective criteria established by rule, including readiness, technical feasibility, or availability of plan offerings.
(b) During the first 24 calendar months after the exchange begins operation, the office may limit the number of plan providers allowed to list a qualified retirement plan on the exchange, if the office bases the limitation on neutral, objective criteria established by rule, including readiness, technical feasibility, or availability of plan offerings.
(5) (a) Each participating plan provider shall annually submit to the office a report that includes for the fiscal year:
- 18 - Enrolled Copy H.B.
250 (5)(a) Each participating plan provider shall annually submit to the office a report that includes for the fiscal year:
or - 19 - HB0250 compared with HB0250S01 (d) fails to cooperate with an office request related to the monitoring or reporting described in Subsection (3)(a)(iv).
or (d) fails to cooperate with an office request related to the monitoring or reporting described in Subsection (3)(a)(iv).
{(9) {The office shall charge an annual fee established in accordance with Section 63J-1-504 for each qualified retirement plan listed on the exchange to cover the office's costs of maintaining the exchange.} } (10){(9)} (a) In accordance with Title 63G, Chapter 6a, Utah Procurement Code, the office may contract with one or more providers to fulfill the office's duties under this section.
- 19 - H.B.
(b) The office may not contract under this Subsection {(10) } (9) with a plan provider.
250 Enrolled Copy (9)(a) In accordance with Title 63G, Chapter 6a, Utah Procurement Code, the office may contract with one or more providers to fulfill the office's duties under this section.
(11){(10)} Nothing in this section authorizes the state or any subdivision of the state to:
(b) The office may not contract under this Subsection (9) with a plan provider.
(10) Nothing in this section authorizes the state or any subdivision of the state to:
(12){(11)} The office shall:
(11) The office shall:
Effective date.
- 20 - HB0250 compared with HB0250S01 This bill takes effect on May 6, 2026.
This bill takes effect on May 6, 2026.
2-9-26 3:09 PM - 21 -
- 20 -
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Action History

  1. Governor Signed

  2. House/ to Governor

  3. House/ received enrolled bill from Printing

  4. House/ enrolled bill to Printing

  5. Enrolled Bill Returned to House or Senate

  6. Draft of Enrolled Bill Prepared

  7. Bill Received from House for Enrolling

  8. House/ signed by Speaker/ sent for enrolling

  9. House/ received from Senate

  10. Senate/ to House

  11. Senate/ signed by President/ returned to House

  12. Senate/ passed 3rd reading

  13. Senate/ 3rd reading

  14. Senate/ passed 2nd reading

  15. Senate/ 2nd reading

  16. Senate/ placed on 2nd Reading Calendar

  17. Senate/ committee report favorable [Senate Business and Labor Committee]

  18. Senate Comm - Favorable Recommendation [Senate Business and Labor Committee]

  19. Senate/ to standing committee [Senate Business and Labor Committee]

  20. Senate/ 1st reading (Introduced)

  21. LFA/ fiscal note publicly available for HB0250S01

  22. Senate/ received from House

  23. House/ to Senate

  24. House/ passed 3rd reading

  25. House/ substituted

  26. House/ 3rd reading

  27. LFA/ fiscal note sent to sponsor for HB0250S01

  28. LFA/ bill sent to agencies for fiscal input for HB0250S01

  29. LFA/ bill assigned to staff for fiscal analysis for HB0250S01

  30. House/ 2nd reading

  31. House/ committee report favorable [House Economic Development and Workforce Services Committee]

  32. House Comm - Favorable Recommendation [House Economic Development and Workforce Services Committee]

  33. House/ to standing committee [House Economic Development and Workforce Services Committee]

  34. House/ received fiscal note from Fiscal Analyst

  35. LFA/ fiscal note publicly available for HB0250

  36. LFA/ fiscal note sent to sponsor for HB0250

  37. House/ 1st reading (Introduced)

  38. House/ received bill from Legislative Research

  39. LFA/ fiscal note sent to sponsor for HB0250

  40. LFA/ bill sent to agencies for fiscal input for HB0250

  41. LFA/ bill assigned to staff for fiscal analysis for HB0250

  42. Numbered Bill Publicly Distributed

  43. Bill Numbered but not Distributed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 102 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (102)

102 members have not signed on to this bill.

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"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

finance labor
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Frequently asked questions

Who sponsors HB 250?
HB 250 is sponsored by Brady Brammer (Republican) and Joseph Elison (Republican).
What is the current status of HB 250?
This bill has been enacted into law. Introduced January 14, 2026. Enacted.
Where can I track HB 250?
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