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Bill

Bill

SB 316

Authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas.

2025-2026 Regular Session

Kansas authorizes state bank commissioner to create nonprofit providing consumer financial education to improve household financial literacy and economic security statewide.

Died in Committee
#financialinstitutions
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WeVote Research Nonpartisan
Bill Summary · SB 316

Legislative bill overview

SB 316 authorizes Kansas's state bank commissioner to establish a nonprofit organization that would deliver consumer financial education programs throughout the state. The nonprofit would operate under Kansas law and focus on charitable initiatives related to financial literacy and consumer protection.

Why is this important

Financial literacy directly affects household economic security, debt management, and consumer protection against fraud. This bill creates an official mechanism to expand educational access to banking and financial concepts, potentially reducing predatory lending and improving financial decision-making across Kansas communities.

Potential points of contention

  • Government role in nonprofit creation: Questions about whether state government should directly establish nonprofits versus supporting existing organizations or public-private partnerships
  • Funding and sustainability: Unclear how the nonprofit would be funded, whether through state appropriations, private donations, or other sources, and long-term financial viability
  • Mission scope and oversight: Undefined boundaries on what "charitable consumer financial education" encompasses and how state oversight prevents mission creep or conflicts with private financial institutions

Compiled from official sources — confirm details with the bill’s official record.

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