SF0135

Authorizes the Wyoming Attorney General to investigate and take legal action to defend state-chartered banks against alleged unlawful disparate treatment by federal or other state regulators.

• Establishes legislative findings that the dual banking system has existed since 1863 and allows states to serve as chartering and primary regulators for state banks, fostering innovation and new financial products. (Sec. 2, W.S. 13-1-901(a)(i))
• States that for the dual banking system to succeed, state and nationally chartered banks must receive fair and equal treatment under law regardless of charter origin or other non-legal considerations. (W.S. 13-1-901(a)(ii))
• Declares that Wyoming has a state interest in ensuring its state banking laws are given due consideration and that Wyoming-chartered banks are treated fairly by regulatory authorities without disparate treatment based on the state's banking laws. (W.S. 13-1-901(a)(iii))
• Requires the Attorney General to investigate allegations by Wyoming state-chartered banks of unlawful disparate treatment by federal regulators or regulators in other states. (W.S. 13-1-901(b))
• Authorizes the Attorney General to take any available legal action deemed necessary to defend Wyoming's interest in the dual banking system and to ensure Wyoming state-chartered banks receive treatment equal to similarly situated nationally chartered or other state-chartered banks. (W.S. 13-1-901(b))

Effective: July 1, 2025

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