Indiana 2025 Regular Session

Indiana House Bill HB1441 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	EH1441.2
	2	+	Reprinted
	3	+	March 26, 2025
	4	+	ENGROSSED
	5	+	HOUSE BILL No. 1441
	6	+	_____
	7	+	DIGEST OF HB 1441 (Updated March 25, 2025 2:17 pm - DI 119)
	8	+	Citations Affected: IC 28-1.
	9	+	Synopsis: Bank accounts for foster and emancipated youths. Provides
	10	+	that a foster youth or emancipated youth is legally competent to enter
	11	+	into a contract with a depository financial institution to open a savings
	12	+	or checking account in the youth's name with the consent of a juvenile
	13	+	court with jurisdiction over the youth.
	14	+	Effective: July 1, 2025.
	15	+	Campbell, Dant Chesser, Judy,
	16	+	Meltzer
	17	+	(SENATE SPONSORS — WALKER K, DONATO, HUNLEY, FORD J.D.,
	18	+	QADDOURA, RANDOLPH LONNIE M)
	19	+	January 21, 2025, read first time and referred to Committee on Financial Institutions.
	20	+	February 4, 2025, amended, reported — Do Pass.
	21	+	February 6, 2025, read second time, amended, ordered engrossed.
	22	+	February 7, 2025, engrossed.
	23	+	February 10, 2025, read third time, passed. Yeas 91, nays 0.
	24	+	SENATE ACTION
	25	+	February 20, 2025, read first time and referred to Committee on Insurance and Financial
	26	+	Institutions.
	27	+	March 20, 2025, amended, reported favorably — Do Pass.
	28	+	March 25, 2025, read second time, amended, ordered engrossed.
	29	+	EH 1441—LS 7320/DI 119 Reprinted
	30	+	March 26, 2025
1	31		First Regular Session of the 124th General Assembly (2025)
2	32		PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
3	33		Constitution) is being amended, the text of the existing provision will appear in this style type,
4	34		additions will appear in this style type, and deletions will appear in this style type.
5	35		Additions: Whenever a new statutory provision is being enacted (or a new constitutional
6	36		provision adopted), the text of the new provision will appear in this style type. Also, the
7	37		word NEW will appear in that style type in the introductory clause of each SECTION that adds
8	38		a new provision to the Indiana Code or the Indiana Constitution.
9	39		Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
10	40		between statutes enacted by the 2024 Regular Session of the General Assembly.
11		-	HOUSE ENROLLED ACT No. 1441
12		-	AN ACT to amend the Indiana Code concerning financial
13		-	institutions.
	41	+	ENGROSSED
	42	+	HOUSE BILL No. 1441
	43	+	A BILL FOR AN ACT to amend the Indiana Code concerning
	44	+	financial institutions.
14	45		Be it enacted by the General Assembly of the State of Indiana:
15		-	SECTION 1. IC 28-1-1-3.7 IS ADDED TO THE INDIANA CODE
	46	+	1 SECTION 1. IC 28-1-1-3.7 IS ADDED TO THE INDIANA CODE
	47	+	2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	48	+	3 1, 2025]: Sec. 3.7. For purposes of section 7 of this chapter,
	49	+	4 "emancipated youth" means an individual who is less than eighteen
	50	+	5 (18) years of age and has been:
	51	+	6 (1) granted emancipation; or
	52	+	7 (2) emancipated by operation of law.
	53	+	8 SECTION 2. IC 28-1-1-3.9 IS ADDED TO THE INDIANA CODE
	54	+	9 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	55	+	10 1, 2025]: Sec. 3.9. For purposes of section 7 of this chapter, "foster
	56	+	11 youth" means an individual who is:
	57	+	12 (1) at least sixteen (16) years of age; and
	58	+	13 (2) certified or acknowledged as a foster youth (as defined in
	59	+	14 IC 31-9-2-47.3) by the department of child services or a
	60	+	15 designee of the department of child services.
	61	+	16 SECTION 3. IC 28-1-1-7 IS ADDED TO THE INDIANA CODE
	62	+	17 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	63	+	EH 1441—LS 7320/DI 119 2
	64	+	1 1, 2025]: Sec. 7. For purposes of IC 28-1-23-17, "qualified youth"
	65	+	2 means an individual who is:
	66	+	3 (1) a foster youth; or
	67	+	4 (2) an emancipated youth.
	68	+	5 SECTION 4. IC 28-1-23-17 IS ADDED TO THE INDIANA CODE
	69	+	6 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	70	+	7 1, 2025]: Sec. 17. (a) A qualified youth may enter into a contract
	71	+	8 with a depository financial institution to open a savings or checking
	72	+	9 account in the qualified youth's name with the consent of a juvenile
	73	+	10 court with jurisdiction over the qualified youth.
	74	+	11 (b) A qualified youth who opens a savings or checking account
	75	+	12 under subsection (a) is:
	76	+	13 (1) solely responsible for paying all banking-related costs
	77	+	14 associated with the account; and
	78	+	15 (2) solely liable for any and all penalties assessed to the
	79	+	16 qualified youth as the account holder due to the qualified
	80	+	17 youth's violation of the terms of the account.
	81	+	18 (c) A qualified youth may not avoid a contract entered into with
	82	+	19 a depository financial institution under subsection (a) by alleging
	83	+	20 that the qualified youth was under a legal disability by reason of
	84	+	21 the qualified youth's age.
	85	+	EH 1441—LS 7320/DI 119 3
	86	+	COMMITTEE REPORT
	87	+	Mr. Speaker: Your Committee on Financial Institutions, to which
	88	+	was referred House Bill 1441, has had the same under consideration
	89	+	and begs leave to report the same back to the House with the
	90	+	recommendation that said bill be amended as follows:
	91	+	Page 1, line 3, delete "IC 28-1-20-5.5" and insert "IC 28-1-23-17".
	92	+	Page 1, line 7, delete "IC 28-1-20-5.5" and insert "IC 28-1-23-17".
	93	+	Page 1, line 9, delete "5.5." and insert "17.".
	94	+	Page 1, line 10, delete "bank or trust company" and insert
	95	+	"depository financial institution".
	96	+	Page 2, line 4, delete "bank or trust company" and insert
	97	+	"depository financial institution".
	98	+	Page 2, line 10, delete "bank or trust company" and insert
	99	+	"depository financial institution".
	100	+	Page 2, line 13, delete "bank or trust company" and insert
	101	+	"depository financial institution".
	102	+	Page 2, line 20, delete "IC 28-1-20-5.5" and insert "IC 28-1-23-17".
	103	+	Page 2, line 21, delete "bank or trust company" and insert
	104	+	"depository financial institution".
	105	+	and when so amended that said bill do pass.
	106	+	(Reference is to HB 1441 as introduced.)
	107	+	TESHKA
	108	+	Committee Vote: yeas 13, nays 0.
	109	+	_____
	110	+	HOUSE MOTION
	111	+	Mr. Speaker: I move that House Bill 1441 be amended to read as
	112	+	follows:
	113	+	Page 1, between the enacting clause and line 1, begin a new
	114	+	paragraph and insert:
	115	+	"SECTION 1. IC 28-1-1-3.7 IS ADDED TO THE INDIANA CODE
16	116		AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
17	117		1, 2025]: Sec. 3.7. For purposes of section 7 of this chapter,
18	118		"emancipated youth" means an individual who is less than eighteen
19		-	(18) years of age and has been:
20		-	(1) granted emancipation; or
21		-	(2) emancipated by operation of law.
22		-	SECTION 2. IC 28-1-1-3.9 IS ADDED TO THE INDIANA CODE
23		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
24		-	1, 2025]: Sec. 3.9. For purposes of section 7 of this chapter, "foster
25		-	youth" means an individual who is:
26		-	(1) at least sixteen (16) years of age; and
27		-	(2) certified or acknowledged as a foster youth (as defined in
28		-	IC 31-9-2-47.3) by the department of child services or a
29		-	designee of the department of child services.
30		-	SECTION 3. IC 28-1-1-7 IS ADDED TO THE INDIANA CODE
	119	+	(18) years of age and has:
	120	+	(1) filed for; or
	121	+	(2) been granted;
	122	+	EH 1441—LS 7320/DI 119 4
	123	+	emancipation.".
	124	+	Page 1, line 3, delete "IC 28-1-23-17," and insert "section 7 of this
	125	+	chapter,".
	126	+	Page 1, between lines 6 and 7, begin a new paragraph and insert:
	127	+	"SECTION 2. IC 28-1-1-7 IS ADDED TO THE INDIANA CODE
31	128		AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
32	129		1, 2025]: Sec. 7. For purposes of IC 28-1-23-17, "qualified youth"
33	130		means an individual who is:
34	131		(1) a foster youth; or
35		-	(2) an emancipated youth.
36		-	HEA 1441 — Concur 2
37		-	SECTION 4. IC 28-1-23-17 IS ADDED TO THE INDIANA CODE
38		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
39		-	1, 2025]: Sec. 17. (a) A qualified youth may enter into a contract
40		-	with a depository financial institution to open a savings or checking
41		-	account in the qualified youth's name with the consent of a juvenile
42		-	court with jurisdiction over the qualified youth.
43		-	(b) A qualified youth who opens a savings or checking account
44		-	under subsection (a) is:
45		-	(1) solely responsible for paying all banking-related costs
46		-	associated with the account; and
47		-	(2) solely liable for any and all penalties assessed to the
48		-	qualified youth as the account holder due to the qualified
49		-	youth's violation of the terms of the account.
50		-	(c) A qualified youth may not avoid a contract entered into with
51		-	a depository financial institution under subsection (a) by alleging
52		-	that the qualified youth was under a legal disability by reason of
53		-	the qualified youth's age.
54		-	HEA 1441 — Concur Speaker of the House of Representatives
55		-	President of the Senate
56		-	President Pro Tempore
57		-	Governor of the State of Indiana
58		-	Date: Time:
59		-	HEA 1441 — Concur
	132	+	(2) an emancipated youth.".
	133	+	Page 1, line 9, delete "foster youth" and insert "qualified youth".
	134	+	Page 1, line 11, delete "foster youth's" and insert "qualified
	135	+	youth's".
	136	+	Page 1, line 14, delete "foster youth" and insert "qualified youth".
	137	+	Page 1, line 15, delete "foster youth" and insert "qualified youth".
	138	+	Page 2, line 2, delete "foster" and insert "qualified".
	139	+	Page 2, line 3, delete "foster youth's" and insert "qualified youth's".
	140	+	Page 2, line 5, delete "foster" and insert "qualified".
	141	+	Page 2, line 7, delete "foster youth" and insert "qualified youth".
	142	+	Page 2, line 13, delete "foster youth" and insert "qualified youth".
	143	+	Page 2, line 16, delete "foster youth's" and insert "qualified
	144	+	youth's".
	145	+	Page 2, line 22, delete "foster" and insert "qualified".
	146	+	Renumber all SECTIONS consecutively.
	147	+	(Reference is to HB 1441 as printed February 4, 2025.)
	148	+	MELTZER
	149	+	_____
	150	+	COMMITTEE REPORT
	151	+	Mr. President: The Senate Committee on Insurance and Financial
	152	+	Institutions, to which was referred House Bill No. 1441, has had the
	153	+	same under consideration and begs leave to report the same back to the
	154	+	Senate with the recommendation that said bill be AMENDED as
	155	+	follows:
	156	+	Page 1, delete line 14, begin a new line block indented and insert:
	157	+	"(2) certified or acknowledged as a foster youth (as defined in
	158	+	IC 31-9-2-47.3) by the department of child services or a
	159	+	designee of the department of child services.".
	160	+	Page 2, line 6, delete "is legally competent to" and insert "may".
	161	+	EH 1441—LS 7320/DI 119 5
	162	+	Page 2, delete lines 9 through 11, and insert "consent of a juvenile
	163	+	court with jurisdiction over the qualified youth.".
	164	+	Page 2, delete lines 19 through 38, begin a new paragraph and
	165	+	insert:
	166	+	"(c) A qualified youth may not avoid a contract entered into
	167	+	with a depository financial institution under subsection (a) by
	168	+	alleging that the qualified youth was under a legal disability by
	169	+	reason of the qualified youth's age.".
	170	+	and when so amended that said bill do pass.
	171	+	(Reference is to HB 1441 as reprinted February 7, 2025.)
	172	+	BALDWIN, Chairperson
	173	+	Committee Vote: Yeas 6, Nays 0.
	174	+	_____
	175	+	SENATE MOTION
	176	+	Mr. President: I move that Engrossed House Bill 1441 be amended
	177	+	to read as follows:
	178	+	Page 1, line 5, delete "has:" and insert "has been:
	179	+	(1) granted emancipation; or
	180	+	(2) emancipated by operation of law.".
	181	+	Page 1, delete lines 6 through 8.
	182	+	(Reference is to EHB 1441 as printed March 21, 2025.)
	183	+	YOUNG M
	184	+	EH 1441—LS 7320/DI 119