BW INSIGHTS

FinCEN Issues Interim Final Rule Effecting Drastic Modifications to CTA

By Brennan Block | 03.24.2025

Consistent with the U.S. Department of the Treasury’s March 2, 2025 press release, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule on March 21, 2025 effecting the removal of the requirement for U.S. companies and U.S. persons to report beneficial owner information (BOI) to FinCEN under the Corporate Transparency Act... Read More

2025 Government Relations Legislative Update - Week Ten

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 03.24.2025

Capitol Update Both the House and Senate debated bills this week with the Senate passing 29 bills and the House passing 54 bills. During week 10, Joint Rule 20 found in House Concurrent Resolution 5, states that the Senate can only consider Senate bills, Senate joint resolutions, and unfinished business and the House can consider only House bills,... Read More

2025 Government Relations Legislative Update - Week Nine

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 03.17.2025

Capitol Update Most of this past week consisted of House and Senate floor debate as there is a push to advance bills from one chamber to the other in order to meet the next funnel deadline (April 4th), particularly bills that are not filed in both Chambers. The House passed 52 bills and the Senate passed 30 bills. This week, five of those bills... Read More

March 13, 2025 REC Summary

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 03.14.2025

The Revenue Estimating Conference (“REC”) met today (3.13.25) as part of their standard schedule of meetings to estimate future state revenues. REC members Kraig Paulsen (Gov.’s Appointee), Jennifer Acton (LSA), and Jeff Plagge (Public Member) serve on the three-member panel. A summary of the information discussed during the meeting is below,... Read More

2025 Government Relations Legislative Update - Week Eight

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 03.10.2025

Capitol Update Week #8 was busy! The first major funnel of 2025 is behind us. There were 165 different subcommittees scheduled between Monday and Thursday. For comparison purposes, last year’s funnel week had 99 subcommittees. Last week (#7) 192 different subcommittees were scheduled. The BW team doesn’t attend ALL of those subcommittees, but does... Read More

2025 Government Relations Legislative Update - Week Seven

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 03.03.2025

Capitol Update The pace quickened this week at the Capitol. The first major funnel deadline is next Friday, March 7, the eighth week of session. March 7th is the date by which Senate bills must be voted out of Senate Committees and House bills must be voted out of House Committees. However, there are certain committees that are not subject to this... Read More

2025 Government Relations Legislative Update - Week Six

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 02.24.2025

Capitol Update A Good Week for Governor’s Bills. The Governor held a Press Conference on Tuesday to discuss her new health care policy proposals. The bills, HSB 191 and SSB 1163 follow up on the goals the Governor discussed in her Condition of the State Speech to address health care workforce shortages and scarcity of care in rural Iowa. The bill... Read More

Breaking: CTA is Back Again; Deadline Extended to March 21, 2025

By Brennan R. Block & Ellen M. Hames | 02.20.2025

As of February 18, 2025, all nationwide preliminary injunctions prohibiting the U.S. government’s enforcement of the Corporate Transparency Act (CTA) have been stayed. According to a notice issued by FinCEN (available here), FinCEN is providing entities who refrained from filing a CTA-mandated beneficial ownership report an extension until March... Read More

Iowa - Cookies & Similar Technologies

By Lee D. Henderson & Katelyn N. Larossa | 02.18.2025

1. Governing Texts 1.1 Legislation The Private Right of Action for Consumer Frauds Act, enacted in 2009 and found in §714H of Title XVI of the Iowa Code, provides a private right of action to consumers who have an ascertainable loss resulting from an unfair practice, deception, fraud, false pretense, or false promise, or the misrepresentation,... Read More

2025 Government Relations Legislative Update - Week Five

By Matthew H. McKinney, R.G. Schwarm & Julie A. Smith | 02.17.2025

Capitol Update New This Week. Newly elected Democratic Senator Mike Zimmer took the Oath of Office this past Monday. Zimmer was elected to fill the Senate seat previously held by Lieutenant Governor Chris Cournoyer. In addition, Governor Reynolds set March 11th as the Special Election date to fill House District 100, a seat vacated by the sudden... Read More