Bill Text: IA SSB3064 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A study bill for an act requiring the inclusion of specified information in reports submitted biennially by designated entities to the secretary of state.
Spectrum: Unknown
Status: (N/A - Dead) 2014-01-23 - In State Government [SSB3064 Detail]
Download: Iowa-2013-SSB3064-Introduced.html
Senate
Study
Bill
3064
-
Introduced
SENATE/HOUSE
FILE
_____
BY
(PROPOSED
SECRETARY
OF
STATE
BILL)
A
BILL
FOR
An
Act
requiring
the
inclusion
of
specified
information
in
1
reports
submitted
biennially
by
designated
entities
to
the
2
secretary
of
state.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5282XD
(4)
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S.F.
_____
H.F.
_____
Section
1.
NEW
SECTION
.
9.8
Biennial
reports
——
responsible
1
party
identification.
2
1.
a.
In
addition
to
any
other
information
required
for
3
inclusion
in
a
biennial
report
delivered
to
the
secretary
of
4
state
for
filing
pursuant
to
section
10B.4,
10B.7,
28E.8,
5
488.210,
489.209,
490.1622,
496C.21,
497.22,
498.24,
499.49,
6
501.103,
501.713,
501A.231,
or
504.1613,
the
person
or
entity
7
filing
the
report
shall
identify
the
name
and
address
of
8
the
responsible
party
for
the
entity
subject
to
the
report,
9
and
either
the
responsible
party’s
social
security
number,
10
individual
taxpayer
identification
number,
or
employer
11
identification
number.
12
b.
For
purposes
of
this
section,
“
responsible
party”
means
13
the
individual
who
has
a
level
of
control
over,
or
entitlement
14
to,
the
funds
or
assets
in
the
entity
that,
as
a
practical
15
matter,
enables
the
individual,
directly
or
indirectly,
to
16
control,
manage,
or
direct
the
entity
and
the
disposition
of
17
its
funds
and
assets.
18
2.
A
responsible
party’s
social
security
number,
individual
19
taxpayer
identification
number,
or
employer
identification
20
number
submitted
in
a
biennial
report
as
provided
in
this
21
section
shall
be
considered
a
confidential
record
under
chapter
22
22.
However,
such
information
shall
be
subject
to
disclosure
23
upon
request
from
a
law
enforcement
agency.
24
Sec.
2.
Section
10B.4,
subsection
2,
Code
2014,
is
amended
25
by
adding
the
following
new
paragraph:
26
NEW
PARAGRAPH
.
h.
Identification
of
the
entity’s
27
responsible
party
as
required
pursuant
to
section
9.8.
28
Sec.
3.
Section
10B.7,
Code
2014,
is
amended
by
adding
the
29
following
new
subsection:
30
NEW
SUBSECTION
.
6.
Identification
of
the
lessee’s
31
responsible
party
as
required
pursuant
to
section
9.8.
32
Sec.
4.
Section
22.7,
Code
2014,
is
amended
by
adding
the
33
following
new
subsection:
34
NEW
SUBSECTION
.
68.
A
responsible
party’s
social
security
35
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S.F.
_____
H.F.
_____
number,
individual
taxpayer
identification
number,
or
employer
1
identification
number
submitted
in
a
biennial
report
as
2
provided
in
section
9.8.
However,
such
information
shall
be
3
subject
to
disclosure
upon
request
from
a
law
enforcement
4
agency.
5
Sec.
5.
Section
488.210,
subsection
1,
Code
2014,
is
amended
6
by
adding
the
following
new
paragraph:
7
NEW
PARAGRAPH
.
e.
Identification
of
the
entity’s
8
responsible
party
as
required
pursuant
to
section
9.8.
9
Sec.
6.
Section
489.209,
subsection
1,
Code
2014,
is
amended
10
by
adding
the
following
new
paragraph:
11
NEW
PARAGRAPH
.
e.
Identification
of
the
entity’s
12
responsible
party
as
required
pursuant
to
section
9.8.
13
Sec.
7.
Section
490.1622,
subsection
1,
Code
2014,
is
14
amended
by
adding
the
following
new
paragraph:
15
NEW
PARAGRAPH
.
e.
Identification
of
the
entity’s
16
responsible
party
as
required
pursuant
to
section
9.8.
17
Sec.
8.
Section
496C.21,
subsection
1,
Code
2014,
is
amended
18
by
adding
the
following
new
paragraph:
19
NEW
PARAGRAPH
.
e.
Identification
of
the
entity’s
20
responsible
party
as
required
pursuant
to
section
9.8.
21
Sec.
9.
Section
501.103,
subsection
3,
Code
2014,
is
amended
22
by
adding
the
following
new
paragraph:
23
NEW
PARAGRAPH
.
d.
Identification
of
the
cooperatives’s
24
responsible
party
as
required
pursuant
to
section
9.8.
25
Sec.
10.
Section
501.713,
subsection
1,
Code
2014,
is
26
amended
by
adding
the
following
new
paragraph:
27
NEW
PARAGRAPH
.
e.
Identification
of
the
cooperatives’s
28
responsible
party
as
required
pursuant
to
section
9.8.
29
Sec.
11.
Section
501A.231,
subsection
1,
Code
2014,
is
30
amended
by
adding
the
following
new
paragraph:
31
NEW
PARAGRAPH
.
e.
Identification
of
the
cooperatives’s
32
responsible
party
as
required
pursuant
to
section
9.8.
33
Sec.
12.
Section
504.1613,
subsection
1,
Code
2014,
is
34
amended
by
adding
the
following
new
paragraph:
35
-2-
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S.F.
_____
H.F.
_____
NEW
PARAGRAPH
.
f.
Identification
of
the
entity’s
1
responsible
party
as
required
pursuant
to
section
9.8.
2
EXPLANATION
3
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
4
the
explanation’s
substance
by
the
members
of
the
general
assembly.
5
This
bill
relates
to
biennial
reports
that
are
required
to
be
6
submitted
by
designated
entities
to
the
secretary
of
state’s
7
office
for
filing
by
that
office.
8
The
bill
provides
that
in
addition
to
information
currently
9
required
for
inclusion
in
the
reports,
the
entity
must
also
10
identify
the
name
and
address
of
its
responsible
party
and
11
either
the
responsible
party’s
social
security
number,
12
individual
taxpayer
identification
number,
or
employer
13
identification
number.
The
bill
defines
“responsible
party”
14
to
mean
the
individual
who
has
a
level
of
control
over,
15
or
entitlement
to,
the
funds
or
assets
in
the
entity
that,
16
as
a
practical
matter,
enables
the
individual,
directly
or
17
indirectly,
to
control,
manage,
or
direct
the
entity
and
the
18
disposition
of
its
funds
and
assets.
The
bill
provides
that
19
the
responsible
party’s
social
security
number,
individual
20
taxpayer
identification
number,
or
employer
identification
21
number
shall
be
considered
a
confidential
record
under
Code
22
chapter
22,
but
that
this
information
shall
be
subject
to
23
disclosure
upon
request
from
a
law
enforcement
agency.
24
The
bill
makes
conforming
changes
to
Code
sections
requiring
25
submission
of
the
biennial
reports.
26
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