(Feb. 3, 2025) – Today, the House Financial Institutions and Pensions Committee, chaired by Representative Nick Hoheisel (R-Wichita), held a hearing on House Bill 2152. The legislation would authorize financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the DIC by utilizing a public money pool. The legislation would create public funds investment requirements for local banking entities.
The committee heard from the following informational conferees:
- Dr. Emily Breit, Docking Institute of Public Affairs, Fort Hays State University
- Kansas State Treasurer, Steven Johnson
Proponents appearing before the committee included:
- Doug Wareham, President, Kansas Bankers Association
- Shawn Mitchell, President and CEO, Community Bankers Association of Kansas
- Alex Orel, Kansas Bankers Association
- Tom Pruitt, President and CEO Peoples Bank and Trust Company, McPherson
- March Schifferdecker, Chairman, President and CEO Bank, GNBank, Girard
Opponent Testimony included:
- Nathan Eberline, Executive Director, The League of Kansas Municipalities
- Jamie Robichaud, Economic Director, City of Olathe
- Jeff White, Columbia Capital Management, Merriam
- Michael Ashcraft, County Commissioner Johnson County
- Amanda Stanley, City of Topeka
- Jason Hannaman, Finance Director, City of Prairie Village
- Jay Hall, Kansas Association of Counties
- Don Cawby, Finance Director, City of Leawood
Chairman Hoheisel indicated additional questions for conferees will be held at a future date.