Wyoming 2026 Session Status: Enacted Bipartisan · 5 R · 2 D cosponsors

SF 55 — Special purpose depository institution-amendments.

Last action — Governor Signed SEA No. 0054

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

This bill has been enacted into law. Introduced January 27, 2026. Enacted.

Signed by Governor Mark Gordon (Republican) on March 08, 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

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 7 sponsors

    1 primary, 6 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (5 R · 2 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

This act amends the initial capital stock requirements for special purpose depository institutions (SPDIs) by requiring SPDIs to have capital stock and a paid-up surplus fund to commence business rather than to be chartered, changes the amount of estimated operating expenses required for SPDIs to commence business from three (3) years to one (1) year, and repeals the requirement for a SPDI to maintain a contingency account. This act amends the application for a SPDI to be chartered by requiring a comprehensive estimate of operating expenses for the first year of operation instead of three (3) years and requires a plan to raise capital instead of providing evidence of the required capital. This act authorizes the Wyoming Banking Commissioner (Commissioner) to establish requirements that must be met for an approved SPDI to commence business and provides that if a SPDI fails to commence business in compliance with these requirements within one (1) year after the issuance of a certificate of authority to operate, then the charter and certificate of authority shall expire. This act adds the decisions of the Wyoming State Banking Board or the Commissioner regarding the requirements for an approved SPDI to commence business and the issuance or denial of an extension to commence business as decisions that are appealable to the district court or the chancery court. This act creates a SPDI resolution fund account that requires a portion of each supervisory fee paid by SPDIs to be deposited into the account to be used by the Commissioner in the event of an involuntary dissolution of a SPDI.

Bill Text

What changed in the latest version

194 added · 199 removed

Plain-language change summary

The recent amendments to Bill SF 55 introduce several key changes regarding special purpose depository institutions. Notably, the bill now includes provisions that provide clearer guidelines on initial capital stock requirements and the timeline for these institutions to begin operations. It also establishes a resolution fund account to manage supervisory fees and outlines what those funds can be used for. These changes aim to streamline the process for starting these banks, enhance their accountability, and better fund their oversight, which can benefit both the institutions and the public they serve.

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S TATE OF W YOMING 26LSO-0059 SENATE FILE NO.
ORIGINAL SENATE FILE NO.
SF0055 Special purpose depository institution-amendments.
SF0055 ENROLLED ACT NO.
Sponsored by:
54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION AN ACT relating to banks, banking and finance;
Senator(s) Rothfuss, Crago, Nethercott and Olsen and Representative(s) Filer, Singh and Yin A BILL for AN ACT relating to banks, banking and finance;
repealing the requirement that special purpose SF0055 STATE OF WYOMING 26LSO-0059 depository institutions maintain a contingency account;
repealing the requirement that special purpose depository institutions maintain a contingency account;
5 Be It Enacted by the Legislature of the State of Wyoming:
Be It Enacted by the Legislature of the State of Wyoming:
7 Section 1.
Section 1.
13-12-110.
ORIGINAL SENATE FILE NO.
SF0055 ENROLLED ACT NO.
54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION 13-12-110.
2 SF0055 STATE OF WYOMING 26LSO-0059 (a) The capital stock of each special purpose depository institution chartered under this chapter shall be subscribed for as fully paid stock.
(a) The capital stock of each special purpose depository institution chartered under this chapter shall be subscribed for as fully paid stock.
8 (b) No special purpose depository institution shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in.
(b) No special purpose depository institution shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in.
3 SF0055 STATE OF WYOMING 26LSO-0059 (b) The incorporators under W.S.
(b) The incorporators under W.S.
13-12-116.
ORIGINAL SENATE FILE NO.
SF0055 ENROLLED ACT NO.
54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION 13-12-116.
(b)(c) If an approved special purpose depository institution fails to commence business in good faith compliance with the requirements imposed by the SF0055 STATE OF WYOMING 26LSO-0059 commissioner under subsection (b) of this section, within six (6) months one (1) year after the issuance of a certificate of authority to operate by the commissioner, the charter and certificate of authority shall expire.
(b)(c) If an approved special purpose depository institution fails to commence business in good faith compliance with the requirements imposed by the commissioner under subsection (b) of this section, within six (6) months one (1) year after the issuance of a certificate of authority to operate by the commissioner, the charter and certificate of authority shall expire.
13-12-116(c) is appealable to the district court of the county in which the institution is to be located, in accordance with the provisions of the Wyoming Administrative Procedure Act or, notwithstanding W.S.
13-12-116(c) is appealable to the district court of the county in which the institution is to be located, in accordance with the provisions of the Wyoming Administrative Procedure Act or, notwithstanding ORIGINAL SENATE FILE NO.
SF0055 ENROLLED ACT NO.
54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION W.S.
In addition to the SF0055 STATE OF WYOMING 26LSO-0059 grounds for appeal contained in the Wyoming Administrative Procedure Act, an appellant may appeal if the board or the commissioner fails to make any of the required findings or otherwise take an action required by law.
In addition to the grounds for appeal contained in the Wyoming Administrative Procedure Act, an appellant may appeal if the board or the commissioner fails to make any of the required findings or otherwise take an action required by law.
6 13-12-119.
13-12-119.
9 (d) Unless the commissioner determines an exemption is appropriate because of payment of other fees, on or before January 31 and July 31 of each year, a special purpose depository institution shall compute and pay supervisory fees to the commissioner based on the total assets of the special purpose depository institution as of the preceding December 31 and June 30 respectively.
(d) Unless the commissioner determines an exemption is appropriate because of payment of other fees, on or before January 31 and July 31 of each year, a special purpose depository institution shall compute and pay supervisory fees to the commissioner based on the total assets of the special purpose depository institution as of the preceding December 31 and June 30 respectively.
13-12-122(c), supervisory fees shall be SF0055 STATE OF WYOMING 26LSO-0059 deposited by the commissioner with the state treasurer and credited to the special purpose depository institutions subaccount created by W.S.
13-12-122(c), supervisory fees shall be deposited by the commissioner with the state treasurer and credited to the special purpose depository institutions subaccount created by W.S.
5 13-12-122.
13-12-122.
A portion of each supervisory fee paid pursuant to W.S.
A portion of each ORIGINAL SENATE FILE NO.
SF0055 ENROLLED ACT NO.
54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION supervisory fee paid pursuant to W.S.
SF0055 STATE OF WYOMING 26LSO-0059 Notwithstanding W.S.
Notwithstanding W.S.
8 SF0055 STATE OF WYOMING 26LSO-0059 Section 4.
ORIGINAL SENATE FILE NO.
3 (a) Except as provided in subsection (b) of this section, this act is effective July 1, 2026.
SF0055 ENROLLED ACT NO.
6 (b) Sections 3 and 4 of this act are effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.
54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION Section 4.
(END) SF0055
(a) Except as provided in subsection (b) of this section, this act is effective July 1, 2026.
(b) Sections 3 and 4 of this act are effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.
(END) Speaker of the House President of the Senate Governor TIME APPROVED:
_________ DATE APPROVED:
_________ I hereby certify that this act originated in the Senate.
Chief Clerk 6
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Action History

  1. Governor Signed SEA No. 0054

  2. Assigned Chapter Number 75

  3. H Speaker Signed SEA No. 0054

  4. H 3rd Reading:Passed 36-25-1-0-0

  5. Assigned Number SEA No. 0054

  6. S President Signed SEA No. 0054

  7. H COW:Passed

  8. H 2nd Reading:Passed

  9. H09 - Minerals:Recommend Do Pass 7-1-1-0-0

  10. H Placed on General File

  11. H Introduced and Referred to H09 - Minerals

  12. S 3rd Reading:Passed 26-5-0-0-0

  13. H Received for Introduction

  14. S COW:Passed

  15. S 2nd Reading:Passed

  16. S09 - Minerals:Recommend Do Pass 5-0-0-0-0

  17. S Placed on General File

  18. S Introduced and Referred to S09 - Minerals 22-8-1-0-0

  19. S Received for Introduction

  20. Bill Number Assigned

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 86 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (86)

86 members have not signed on to this bill.

Show all 86 →

"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
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 SF 55 do?
This act amends the initial capital stock requirements for special purpose depository institutions (SPDIs) by requiring SPDIs to have capital stock and a paid-up surplus fund to commence business rather than to be chartered, changes the amount of estimated operating expenses required for SPDIs to commence business from three (3) years to one (1) year, and repeals the requirement for a SPDI to maintain a contingency account. This act amends the application for a SPDI to be chartered by requiring a comprehensive estimate of operating expenses for the first year of operation instead of three (3) years and requires a plan to raise capital instead of providing evidence of the required capital. This act authorizes the Wyoming Banking Commissioner (Commissioner) to establish requirements that must be met for an approved SPDI to commence business and provides that if a SPDI fails to commence business in compliance with these requirements within one (1) year after the issuance of a certificate of authority to operate, then the charter and certificate of authority shall expire. This act adds the decisions of the Wyoming State Banking Board or the Commissioner regarding the requirements for an approved SPDI to commence business and the issuance or denial of an extension to commence business as decisions that are appealable to the district court or the chancery court. This act creates a SPDI resolution fund account that requires a portion of each supervisory fee paid by SPDIs to be deposited into the account to be used by the Commissioner in the event of an involuntary dissolution of a SPDI.
Who sponsors SF 55?
SF 55 is sponsored by Chris Rothfuss (Democrat), Jared Olsen (Republican), Tara Nethercott (Republican), Barry Crago (Republican), Mike Yin (Democrat), Daniel Singh (Republican), and Lee Filer (Republican).
What is the current status of SF 55?
This bill has been enacted into law. Introduced January 27, 2026. Enacted.
Where can I track SF 55?
Track SF 55 free on One Click Politics — get push/email alerts when it moves.

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