- H.R. 10171August 27, 2026
- H.R. 10156August 27, 2026
- H.R. 10172August 27, 2026
- H.R. 10160August 27, 2026
- H.R. 10181August 27, 2026
- H.R. 10176August 27, 2026
- H.Res. 1496August 27, 2026
- H.R. 10164August 27, 2026
- H.R. 10170August 27, 2026
- H.Res. 1494August 27, 2026
- H.R. 10163August 27, 2026
- H.R. 10157August 27, 2026
- AdministrationU.S. House
- AgricultureU.S. House
- Agriculture, Nutrition, And ForestryU.S. House
- AppropriationsU.S. House
- Armed ServicesU.S. House
- Banking, Housing, And Urban AffairsU.S. House
- BudgetU.S. House
- Commerce, Science, And TransportationU.S. House
- Education and WorkforceU.S. House
- Energy And CommerceU.S. House
- Energy And Natural ResourcesU.S. House
- Environment And Public WorksU.S. House
- EthicsU.S. House
- FinanceU.S. House
- Financial ServicesU.S. House
- Foreign AffairsU.S. House
- Foreign RelationsU.S. House
- Health, Education, Labor, And PensionsU.S. House
- Homeland SecurityU.S. House
- Homeland Security And Governmental Affa…U.S. House
- Indian AffairsU.S. House
- Indian and Insular AffairsU.S. House
- IntelligenceU.S. House
- JudiciaryU.S. House
- Natural ResourcesU.S. House
- Oversight And Government ReformU.S. House
- Permanent Select IntelligenceU.S. House
- RulesU.S. House
- Rules And AdministrationU.S. House
- Science, Space, And TechnologyU.S. House
- Select IntelligenceU.S. Senate
- Small BusinessU.S. House
- Small Business And EntrepreneurshipU.S. House
- Subcommittee on AviationU.S. House
- Subcommittee on Border Security and Enf…U.S. House
- Subcommittee on Coast Guard and Maritim…U.S. House
- Subcommittee on Commodity Markets, Digi…U.S. House
- Subcommittee on Conservation, Research,…U.S. House
- Subcommittee on Counterterrorism and In…U.S. House
- Subcommittee on Cybersecurity and Infra…U.S. House
- Subcommittee on Disability Assistance a…U.S. House
- Subcommittee on Economic Development, P…U.S. House
- Subcommittee on Economic OpportunityU.S. House
- Subcommittee on Emergency Management an…U.S. House
- Subcommittee on Energy and Mineral Reso…U.S. House
- Subcommittee on Federal LandsU.S. House
- Subcommittee on Forestry and Horticultu…U.S. House
- Subcommittee on General Farm Commoditie…U.S. House
- Subcommittee on HealthU.S. House
- Subcommittee on Highways and TransitU.S. House
- Subcommittee on Livestock, Dairy, and P…U.S. House
- Subcommittee on Nutrition and Foreign A…U.S. House
- Subcommittee on Oversight and Investiga…U.S. House
- Subcommittee on Oversight, Investigatio…U.S. House
- Subcommittee on Railroads, Pipelines, a…U.S. House
- Subcommittee on Transportation and Mari…U.S. House
- Subcommittee on Water Resources and Env…U.S. House
- Subcommittee on Water, Wildlife and Fis…U.S. House
- Transportation And InfrastructureU.S. House
- Veterans' AffairsU.S. House
- Ways And MeansU.S. House

HB 1433
Indiana House•In House Committee
Summary
HB 1433, “Election of IURC commissioners”, was introduced in the House on Jan 8, 2026 by Rep. Justin Moed (D). It was referred to Utilities, Energy and Telecommunications, and last saw action on Jan 8, 2026: First reading: referred to Committee on Utilities, Energy and Telecommunications.
Record
Text
HB 1433 has no co-sponsors and has not gone to a roll call.
hb1433/introduced.txtIntroduced VersionHOUSE BILL No. 1433_____DIGEST OF INTRODUCED BILLCitations Affected: IC 3-5-2.1-97; IC 3-8; IC 3-9-2-14; IC 3-10-2-7;IC 3-11-2-12; IC 3-13-4; IC 4-2-6-8; IC 8-1-1-2; IC 8-1-1.5.Synopsis: Election of IURC commissioners. Provides for nonpartisanelection of the five members of the Indiana utility regulatorycommission (IURC) beginning with the 2026 general election. Providesthat a candidate for election to the IURC: (1) must have resided inIndiana for at least one year before the election; and (2) may not haveany official or professional relationship or connection with, hold anystock or securities in, or have any pecuniary interest in a utility or aperson with an interest in a utility. Provides that a: (1) candidate forelection as a member of the IURC; or (2) candidate's committee of acandidate for election as a member of the IURC; may not solicit oraccept a contribution from a utility, or from a person with an interestin a utility, for the duration of the candidate's candidacy for election asa member of the IURC.Effective: Upon passage; November 3, 2026.MoedJanuary 8, 2026, read first time and referred to Committee on Utilities, Energy andTelecommunications.2026 IN 1433—LS 7041/DI 119IntroducedSecond Regular Session of the 124th General Assembly (2026)PRINTING CODE. Amendments: Whenever an existing statute (or a section of the IndianaConstitution) is being amended, the text of the existing provision will appear in this style type,additions will appear in this style type, and deletions will appear in this style type.Additions: Whenever a new statutory provision is being enacted (or a new constitutionalprovision adopted), the text of the new provision will appear in this style type. Also, theword NEW will appear in that style type in the introductory clause of each SECTION that addsa new provision to the Indiana Code or the Indiana Constitution.Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflictsbetween statutes enacted by the 2025 Regular Session of the General Assembly.HOUSE BILL No. 1433A BILL FOR AN ACT to amend the Indiana Code concerningutilities.Be it enacted by the General Assembly of the State of Indiana:1 SECTION 1. IC 3-5-2.1-97, AS ADDED BY P.L.186-2025,2 SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE3 UPON PASSAGE]: Sec. 97. "State office" refers to: the4 (1) governor;5 (2) lieutenant governor;6 (3) secretary of state;7 (4) state comptroller (referred to as "auditor of state" in the8 Constitution of the State of Indiana);9 (5) treasurer of state;10 (6) attorney general;11 (7) justice of the supreme court;12 (8) judge of the court of appeals; and13 (9) judge of the tax court; and14 (10) after November 2, 2026, member of the Indiana utility15 regulatory commission.16 SECTION 2. IC 3-8-1-14.5 IS ADDED TO THE INDIANA CODE17 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE2026 IN 1433—LS 7041/DI 11921 UPON PASSAGE]: Sec. 14.5. (a) The definitions in IC 3-9-2-142 apply throughout this section.3 (b) A candidate for election to the Indiana utility regulatory4 commission:5(1) must have resided in Indiana for at least one (1) year6before the election; and7(2) may not have any official or professional relationship or8connection with, hold any stock or securities in, or have any9pecuniary interest in:10(A) a utility; or11(B) a person with an interest in a utility.12 SECTION 3. IC 3-8-1-33, AS AMENDED BY P.L.40-2025,13 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE14 UPON PASSAGE]: Sec. 33. (a) A candidate for an office listed in15 subsection (b) must file a statement of economic interests.16 (b) Whenever a candidate for any of the following offices is also17 required to file a declaration of candidacy or is nominated by petition,18 the candidate shall file a statement of economic interests before filing19 the declaration of candidacy or declaration of intent to be a write-in20 candidate, before the petition of nomination is filed, before the21 certificate of nomination is filed, or before being appointed to fill a22 candidate vacancy under IC 3-13-1 or IC 3-13-2:23(1) Governor, lieutenant governor, secretary of state, state24comptroller (auditor of state), treasurer of state, and attorney25general, in accordance with IC 4-2-6-8.26(2) Senator and representative in the general assembly, in27accordance with IC 2-2.2-2.28(3) Justice of the supreme court, judge of the court of appeals,29judge of the tax court, judge of a circuit court, judge of a superior30court, judge of a probate court, judge of a city court, judge of a31town court, and prosecuting attorney, in accordance with32IC 33-23-11-14 and IC 33-23-11-15.33(4) A candidate for a local office or school board office, in34accordance with IC 3-8-9, except a candidate for a local office35described in subdivision (3).36(5) A candidate for election to the Indiana utility regulatory37commission.38 SECTION 4. IC 3-8-2-1 IS AMENDED TO READ AS FOLLOWS39 [EFFECTIVE UPON PASSAGE]: Sec. 1. This chapter applies to the40 following:41(1) Each political party in the state whose nominee received at42least ten percent (10%) of the total vote cast for secretary of state2026 IN 1433—LS 7041/DI 11931at the last election.2(2) Write-in candidates.3(3) Candidates for election to the Indiana utility regulatory4commission.5 SECTION 5. IC 3-8-2-5, AS AMENDED BY P.L.216-2015,6 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE7 UPON PASSAGE]: Sec. 5. A declaration of candidacy for:8(1) a federal office;9(2) a state office;10(3) a legislative office; or11(4) the local office of:12(A) judge of a circuit, superior, probate, or small claims court;13or14(B) prosecuting attorney of a judicial circuit; or15(5) election to the Indiana utility regulatory commission;16 shall be filed with the secretary of state.17 SECTION 6. IC 3-8-2-7, AS AMENDED BY P.L.240-2025,18 SECTION 18, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE19 UPON PASSAGE]: Sec. 7. (a) The declaration of each candidate20 required by this chapter must be signed before a person authorized to21 administer oaths and contain the following information:22(1) The candidate's name, printed or typewritten as:23(A) the candidate wants the candidate's name to appear on the24ballot; and25(B) the candidate's name is permitted to appear on the ballot26under IC 3-5-7.27A candidate must specify, by a designation described in28IC 3-5-7-5, each designation that the candidate wants to use that29is permitted by IC 3-5-7.30(2) A statement that the candidate is a registered voter and the31location of the candidate's precinct and township (or ward, if32applicable, and city or town), county, and state.33(3) The candidate's complete residence address, and if the34candidate's mailing address is different from the residence35address, the mailing address.36(4) This subdivision does not apply to a candidate for election37to the Indiana utility regulatory commission. A statement of38the candidate's party affiliation. For purposes of this subdivision,39a candidate is considered to be affiliated with a political party40only if any of the following applies:41(A) The two (2) most recent primary elections in Indiana in42which the candidate voted were primary elections held by the2026 IN 1433—LS 7041/DI 11941party with which the candidate claims affiliation. If the2candidate cast a nonpartisan ballot at an election held at either3of the two (2) most recent primary elections in which the4candidate voted, a certification by the county chairman under5clause (B) is required.6(B) The county chairman of:7(i) the political party with which the candidate claims8affiliation; and9(ii) the county in which the candidate resides;10certifies that the candidate is a member of the political party.11The declaration of candidacy must inform candidates how party12affiliation is determined under this subdivision and permit the13candidate to indicate on the declaration of candidacy which of14clauses (A) or (B) applies to the candidate. If a candidate claims15party affiliation under clause (B), the candidate must attach to the16candidate's declaration of candidacy the written certification of17the county chairman required by clause (B).18(5) A statement that the candidate complies with all requirements19under the laws of Indiana to be a candidate for the above named20office, including any applicable residency requirements, and that21the candidate is not ineligible to be a candidate due to a criminal22conviction that would prohibit the candidate from serving in the23office.24(6) This subdivision does not apply to a candidate for election25to the Indiana utility regulatory commission. A request that the26candidate's name be placed on the official primary ballot of that27party to be voted on, the office for which the candidate is28declaring, and the date of the primary election.29(7) The following statements:30(A) A statement that the candidate has attached either of the31following to the declaration:32(i) A copy of a statement of economic interests, file stamped33by the office required to receive the statement of economic34interests.35(ii) A receipt or photocopy of a receipt showing that a36statement of economic interests has been filed.37This requirement does not apply to a candidate for a federal38office.39(B) A statement that the candidate understands that if the40candidate is elected to the office, the candidate may be41required to obtain and file an individual surety bond before42serving in the office. This requirement does not apply to a2026 IN 1433—LS 7041/DI 11951candidate for a federal office or legislative office.2(C) A statement that the candidate understands that if the3candidate is elected to the office, the candidate may be4required to successfully complete training or have attained5certification related to service in an elected office. This6requirement does not apply to a candidate for a federal office,7state office, or legislative office.8(D) A statement that the candidate:9(i) is aware of the provisions of IC 3-9 regarding campaign10finance and the reporting of campaign contributions and11expenditures; and12(ii) agrees to comply with the provisions of IC 3-9.13This requirement does not apply to a candidate for a federal14office.15The candidate must separately initial each of the statements16required by this subdivision.17(8) A statement as to whether the candidate has been a candidate18for state, legislative, or local office in a previous primary,19municipal, special, or general election and whether the candidate20has filed all reports required by IC 3-9-5-10 for all previous21candidacies.22(9) If the candidate is subject to IC 3-9-1-5, a statement that the23candidate has filed a campaign finance statement of organization24for the candidate's principal committee or is aware that the25candidate may be required to file a campaign finance statement of26organization not later than noon seven (7) days after the final date27to file the declaration of candidacy under section 4 of this chapter.28(10) The candidate's signature.29 (b) The election division shall provide that the form of a declaration30 of candidacy includes the following information:31(1) The dates for filing campaign finance reports under IC 3-9.32(2) The penalties for late filing of campaign finance reports under33IC 3-9.34 (c) A declaration of candidacy must include a statement that the35 candidate requests the name on the candidate's voter registration record36 be the same as the name the candidate uses on the declaration of37 candidacy. If there is a difference between the name on the candidate's38 declaration of candidacy and the name on the candidate's voter39 registration record, the officer with whom the declaration of candidacy40 is filed shall forward the information to the voter registration officer of41 the appropriate county as required by IC 3-5-7-6(d). The voter42 registration officer of the appropriate county shall change the name on2026 IN 1433—LS 7041/DI 11961 the candidate's voter registration record to be the same as the name on2 the candidate's declaration of candidacy.3 SECTION 7. IC 3-9-2-14 IS ADDED TO THE INDIANA CODE4 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE5 UPON PASSAGE]: Sec. 14. (a) As used in this section, "person with6 an interest in a utility" means any of the following:7 (1) A person related to (as defined in IC 26-1-9.1-102(a)(63))8 a utility.9 (2) An individual who, alone or in combination with one (1) or10 more members of the individual's household or family listed11 in IC 3-6-6-7(a)(4), has:12(A) the power to vote, directly or indirectly, at least13twenty-five percent (25%) of the outstanding voting shares14or voting interests of a utility;15(B) the power to elect or appoint a majority of key16individuals or executive officers, managers, directors,17trustees, or other persons exercising managerial authority18of a utility; or19(C) the power to exercise, directly or indirectly, a20controlling influence over the management or policies of a21utility.22 (b) As used in this section, "utility" means:23 (1) a public utility (as defined in IC 8-1-2-1(a));24 (2) a corporation organized under IC 8-1-13;25 (3) a municipally owned utility (as defined in IC 8-1-2-1(h));26 and27 (4) a corporation that is organized under IC 23-17 that is an28 electric cooperative and that has at least one (1) member that29 is a corporation organized under IC 8-1-13;30 regardless of whether the entity described in subdivisions (1)31 through (4) is subject to the jurisdiction of the Indiana utility32 regulatory commission for approval of rates and charges.33 (c) A:34 (1) candidate for election to the Indiana utility regulatory35 commission; or36 (2) candidate's committee of a candidate for election to the37 Indiana utility regulatory commission;38 may not solicit or accept a contribution from a utility, or from a39 person with an interest in a utility, for the duration of the40 candidate's candidacy for election to the Indiana utility regulatory41 commission.42 SECTION 8. IC 3-10-2-7, AS AMENDED BY P.L.40-2025,2026 IN 1433—LS 7041/DI 11971 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE2 UPON PASSAGE]: Sec. 7. (a) The following public officials shall be3 elected in 2026, 2030, 2034, 2038, 2042, and every four (4) years4 thereafter:5 (1) Secretary of state.6 (2) State comptroller (referred to as "auditor of state" in the7 Constitution of the State of Indiana).8 (3) Treasurer of state.9 (4) Members of the Indiana utility regulatory commission.10 (b) Subject to IC 3-11-13-11 and IC 3-11-14-3.5, for purposes of the11 2026 general election, the public official set forth in subsection (a)(2)12 must be listed as the following on the general election ballot:13 "State Comptroller (Auditor of State)".14 SECTION 9. IC 3-11-2-12, AS AMENDED BY P.L.40-2025,15 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE16 UPON PASSAGE]: Sec. 12. (a) The following offices shall be placed17 on the general election ballot in the following order after the public18 questions described in section 10(a) of this chapter:19 (1) Federal and state offices:20(A) President and Vice President of the United States.21(B) United States Senator.22(C) Governor and lieutenant governor.23(D) Secretary of state.24(E) State comptroller (auditor of state).25(F) Treasurer of state.26(G) Attorney general.27(H) United States Representative. If an election to fill a28vacancy in an office of United States Representative under29IC 3-10-8 is held on the same day as the election for the next30term of the same office, the ballot shall list the election to fill31the vacancy in the office immediately after the election for the32next term of the office.33(I) Member of the Indiana utility regulatory commission.34 (2) Legislative offices:35(A) State senator.36(B) State representative.37 (3) Circuit offices and county judicial offices:38(A) Judge of the circuit court, and unless otherwise specified39under IC 33, with each division separate if there is more than40one (1) judge of the circuit court.41(B) Judge of the superior court, and unless otherwise specified42under IC 33, with each division separate if there is more than2026 IN 1433—LS 7041/DI 11981one (1) judge of the superior court.2(C) Judge of the probate court.3(D) Prosecuting attorney.4(E) Clerk of the circuit court.5(4) County offices:6(A) County auditor.7(B) County recorder.8(C) County treasurer.9(D) County sheriff.10(E) County coroner.11(F) County surveyor.12(G) County assessor.13(H) County commissioner.14(I) County council member.15(5) Township offices:16(A) Township assessor (only in a township referred to in17IC 36-6-5-1(d)).18(B) Township trustee.19(C) Township board member.20(D) Judge of the small claims court.21(E) Constable of the small claims court.22(6) City offices:23(A) Mayor.24(B) Clerk or clerk-treasurer.25(C) Judge of the city court.26(D) City-county council member or common council member.27(7) Town offices:28(A) Clerk-treasurer.29(B) Judge of the town court.30(C) Town council member.31 (b) If a major political party does not nominate a candidate for an32 office on a general, municipal, or special election ballot then the county33 election board may print "NO CANDIDATE FILED" in the place on34 the ballot where the name of the major political party's nominee would35 be printed.36 SECTION 10. IC 3-13-4-3, AS AMENDED BY P.L.225-2011,37 SECTION 84, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE38 UPON PASSAGE]: Sec. 3. (a) This section applies to a vacancy that39 occurs in a state office other than governor, lieutenant governor, or a40 judicial office.41 (b) If a state officer wants to resign from office, the state officer42 must resign as provided in IC 5-8-3.5.2026 IN 1433—LS 7041/DI 11991 (c) A vacancy that occurs in a state office because of the death of2 the state officer may be certified to the governor under IC 5-8-6. The3 governor may not fill a vacancy as provided by law until the governor4 receives notice of the death under IC 5-8-6.5 (d) A vacancy that occurs in a state office other than by resignation6 or death shall be certified to the governor by the circuit court clerk of7 the county in which the officer resided.8 (e) This subsection does not apply to a vacancy in the9 membership of the Indiana utility regulatory commission. The10 governor shall fill a vacancy in a state office by appointment of a11 person of the same political party as the officer who held the vacated12 office.13 (f) The person who is appointed by the governor holds office for the14 remainder of the unexpired term and until a successor is elected and15 qualified.16 SECTION 11. IC 3-13-4-4 IS ADDED TO THE INDIANA CODE17 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE18 UPON PASSAGE]: Sec. 4. After November 2, 2026, a vacancy in the19 membership of the Indiana utility regulatory commission shall be20 filled by appointment by the remaining commissioners as soon as21 practicable after the vacancy occurs. A member appointed under22 this section holds office for the remainder of the unexpired term23 and until a successor is elected and qualified. The commission shall24 adopt rules under IC 4-22-2 to implement this section.25 SECTION 12. IC 4-2-6-8, AS AMENDED BY P.L.9-2024,26 SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE27 UPON PASSAGE]: Sec. 8. (a) The following persons shall file a28 written financial disclosure statement:29(1) The governor, the lieutenant governor, the secretary of state,30the state comptroller, the treasurer of state, and the attorney31general, and a member of the Indiana utility regulatory32commission.33(2) Any candidate for one (1) of the offices in subdivision (1) who34is not the holder of one (1) of those offices.35(3) Any person who is the appointing authority of an agency.36(4) The director of each division of the Indiana department of37administration.38(5) Any purchasing agent within the procurement division of the39Indiana department of administration.40(6) Any agency employee, special state appointee, former agency41employee, or former special state appointee with final purchasing42authority.2026 IN 1433—LS 7041/DI 119101(7) The chief investment officer employed by the Indiana public2retirement system.3(8) Any employee of the Indiana public retirement system whose4duties include the recommendation, selection, and management5of:6(A) the investments of the funds administered by the Indiana7public retirement system;8(B) the investment options offered in the annuity savings9accounts in the public employees' retirement fund and the10Indiana state teachers' retirement fund;11(C) the investment options offered in the legislators' defined12contribution plan; or13(D) investment managers, investment advisors, and other14investment service providers of the Indiana public retirement15system.16(9) An employee required to do so by rule adopted by the17inspector general.18 (b) The statement shall be filed with the inspector general as19 follows:20(1) Not later than February 1 of every year, in the case of the state21officers and employees enumerated in subsection (a).22(2) If the individual has not previously filed under subdivision (1)23during the present calendar year and is filing as a candidate for a24state office listed in subsection (a)(1), before filing a declaration25of candidacy under IC 3-8-2 or IC 3-8-4-11, petition of26nomination under IC 3-8-6, or declaration of intent to be a27write-in candidate under IC 3-8-2-2.5, or before a certificate of28nomination is filed under IC 3-8-7-8, in the case of a candidate for29one (1) of the state offices (unless the statement has already been30filed when required under IC 3-8-4-11).31(3) Not later than sixty (60) days after employment or taking32office, unless the previous employment or office required the33filing of a statement under this section.34(4) Not later than thirty (30) days after leaving employment or35office, unless the subsequent employment or office requires the36filing of a statement under this section.37 The statement must be made under affirmation.38 (c) The statement shall set forth the following information for the39 preceding calendar year or, in the case of a state officer or employee40 who leaves office or employment, the period since a previous statement41 was filed:42(1) The name and address of any person known:2026 IN 1433—LS 7041/DI 119111(A) to have a business relationship with the agency of the state2officer or employee or the office sought by the candidate; and3(B) from whom the state officer, candidate, or the employee,4or that individual's spouse or unemancipated children received5a gift or gifts having a total fair market value in excess of one6hundred dollars ($100).7(2) The location of all real property in which the state officer,8candidate, or the employee or that individual's spouse or9unemancipated children has an equitable or legal interest either10amounting to five thousand dollars ($5,000) or more or11comprising ten percent (10%) of the state officer's, candidate's, or12the employee's net worth or the net worth of that individual's13spouse or unemancipated children. An individual's primary14personal residence need not be listed, unless it also serves as15income property.16(3) The names and the nature of the business of the employers of17the state officer, candidate, or the employee and that individual's18spouse.19(4) The following information about any sole proprietorship20owned or professional practice operated by the state officer,21candidate, or the employee or that individual's spouse:22(A) The name of the sole proprietorship or professional23practice.24(B) The nature of the business.25(C) Whether any clients are known to have had a business26relationship with the agency of the state officer or employee or27the office sought by the candidate.28(D) The name of any client or customer from whom the state29officer, candidate, employee, or that individual's spouse30received more than thirty-three percent (33%) of the state31officer's, candidate's, employee's, or that individual's spouse's32nonstate income in a year.33(5) The name of any partnership of which the state officer,34candidate, or the employee or that individual's spouse is a member35and the nature of the partnership's business.36(6) The name of any corporation (other than a church) of which37the state officer, candidate, or the employee or that individual's38spouse is an officer or a director and the nature of the39corporation's business.40(7) The name of any corporation in which the state officer,41candidate, or the employee or that individual's spouse or42unemancipated children own stock or stock options having a fair2026 IN 1433—LS 7041/DI 119121market value in excess of ten thousand dollars ($10,000).2However, if the stock is held in a blind trust, the name of the3administrator of the trust must be disclosed on the statement4instead of the name of the corporation. A time or demand deposit5in a financial institution or insurance policy need not be listed.6(8) The name and address of the most recent former employer.7(9) Additional information that the person making the disclosure8chooses to include.9 Any such state officer, candidate, or employee may file an amended10 statement upon discovery of additional information required to be11 reported.12 (d) A person who:13(1) fails to file a statement required by rule or this section in a14timely manner; or15(2) files a deficient statement;16 upon a majority vote of the commission, is subject to a civil penalty at17 a rate of not more than ten dollars ($10) for each day the statement18 remains delinquent or deficient. The maximum penalty under this19 subsection is one thousand dollars ($1,000).20 (e) A person who intentionally or knowingly files a false statement21 commits a Class A infraction.22 SECTION 13. IC 8-1-1-2, AS AMENDED BY P.L.136-2018,23 SECTION 42, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE24 UPON PASSAGE]: Sec. 2. (a) There is created the Indiana utility25 regulatory commission which shall consist consisting of five (5)26 members. at least one (1) of whom shall be an attorney qualified to27 practice law before the supreme court of Indiana and not more than28 three (3) of whom belong to the same political party.29 (b) Before November 3, 2026, the members of the commission and30 all vacancies occurring on the commission shall be appointed by the31 governor from among persons nominated by the nominating committee32 in accordance with IC 8-1-1.5 (before its repeal on November 3,33 2026). The term of a member appointed to the commission under34 this subsection expires November 3, 2026. (c) The Members35 appointed to the commission under this subsection may be removed36 at any time by the governor for cause.37 (d) (c) The governor shall appoint one (1) member of the38 commission as chairman.39 (e) (d) Except as provided in IC 3-13-4-4 and subsection (b), the40 members of the commission shall be appointed for serve a term of four41 (4) years. except when a member is appointed to fill a vacancy, in42 which case such appointment shall be for such unexpired term only.2026 IN 1433—LS 7041/DI 119131 (e) All members of said the commission shall serve as such until2 their successors are duly appointed and qualified, and while so serving3 shall devote full time to the duties of the commission and shall not be4 actively engaged in any other occupation, profession, or business that5 constitutes a conflict of interest or otherwise interferes with carrying6 out their duties as commissioners.7 (f) A member of the commission or any person appointed to any8 position or employed in any capacity to serve the commission, may not9 have any official or professional relationship or connection with, or10 hold any stock or securities or have any pecuniary interest in any public11 utility operating in Indiana.12 (g) Each member appointed to the Indiana utility regulatory of the13 commission shall take and subscribe to an oath in writing that the14 member will faithfully perform the duties of the member's office, and15 support and defend to the best of the member's ability the Constitution16 and laws of the state of Indiana and of the United States of America,17 and such each member's oath shall be filed with the secretary of state.18 (h) The chairman of the commission shall assign cases to the19 various members of the commission or to administrative law judges for20 hearings.21 SECTION 14. IC 8-1-1.5 IS REPEALED [EFFECTIVE22 NOVEMBER 3, 2026]. (Utility Regulatory Commission Nominating23 Committee).24 SECTION 15. An emergency is declared for this act.2026 IN 1433—LS 7041/DI 119
Election of IURC commissioners. Provides for nonpartisan election of the five members of the Indiana utility regulatory commission (IURC) beginning with the 2026 general election. Provides that a candidate for election to the IURC: (1) must have resided in Indiana for at least one year before the election; and (2) may not have any official or professional relationship or connection with, hold any stock or securities in, or have any pecuniary interest in a utility or a person with an interest in a utility. Provides that a: (1) candidate for election as a member of the IURC; or (2) candidate's committee of a candidate for election as a member of the IURC; may not solicit or accept a contribution from a utility, or from a person with an interest in a utility, for the duration of the candidate's candidacy for election as a member of the IURC.
Sponsors
Rep. Justin Moed (D) sponsors HB 1433 alone.
Committees
HB 1433 went before 1 committee: Utilities, Energy and Telecommunications.

History
HB 1433 has taken 2 actions since Jan 8, 2026.
| Chamber | Action | |||
|---|---|---|---|---|
Jan 8, 2026 | House | Authored by Representative Moed | ||
Jan 8, 2026 | House | First reading: referred to Committee on Utilities, Energy and Telecommunications |
Votes
HB 1433 has not gone to a roll call.
Source: iga.in.gov · legiscan.com