Iowa SSB3086 amends consumer fraud laws to address digital financial asset transaction kiosks and increases civil penalties.

Iowa SSB3086 modifies consumer fraud and unlawful practices laws, specifically targeting digital financial asset transaction kiosks. The bill grants the attorney general exclusive authority to bring civil actions for violations, seek injunctions, and enforce compliance. It also increases civil penalties for violations, allowing for up to $100,000 per violation of an injunction. The bill removes the previous limitation on treating a course of conduct affecting multiple people as separate violations. Civil penalties are to be paid to the state treasurer and deposited in the state's general fund.

Iowa SSB3086 amends consumer fraud laws to address digital financial asset transaction kiosks and increases civil penalties.

Iowa SSB3086 modifies consumer fraud and unlawful practices laws, specifically targeting digital financial asset transaction kiosks. The bill grants the attorney general exclusive authority to bring civil actions for violations, seek injunctions, and enforce compliance. It also increases civil penalties for violations, allowing for up to $100,000 per violation of an injunction. The bill removes the previous limitation on treating a course of conduct affecting multiple people as separate violations. Civil penalties are to be paid to the state treasurer and deposited in the state's general fund.