The S4 segment and the S4-S5 linker of voltage-gated potassium (Kv) channels are crucial for voltage sensing. Previous studies on the Shaker and Kv1.2 channels have shown that phosphatidylinositol-4,5-bisphosphate (PIP 2 ) exerts opposing effects on Kv channels, upregulating the current amplitude, while decreasing the voltage sensitivity. Interactions between PIP 2 and the S4 segment or the S4-S5 linker in the closed state have been highlighted to explain the effects of PIP 2 on voltage sensitivity. Here, we show that PIP 2 preferentially interacts with the S4-S5 linker in the open-state KCNQ2 (Kv7.2) channel, whereas it contacts the S2-S3 loop in the closed state. These interactions are different from the PIP 2 -Shaker and PIP 2 -Kv1.2 interactions. Consistently, PIP 2 exerts different effects on KCNQ2 relative to the Shaker and Kv1.2 channels; PIP 2 up-regulates both the current amplitude and voltage sensitivity of the KCNQ2 channel. Disruption of the interaction of PIP 2 with the S4-S5 linker by a single mutation decreases the voltage sensitivity and current amplitude, whereas disruption of the interaction with the S2-S3 loop does not alter voltage sensitivity. These results provide insight into the mechanism of PIP 2 action on KCNQ channels. In the closed state, PIP 2 is anchored at the S2-S3 loop; upon channel activation, PIP 2 interacts with the S4-S5 linker and is involved in channel gating.A series of ion channels, such as inward rectifier K + (Kir) channels, transient receptor potential channels, and voltagegated channels, are sensitive to the presence of phosphatidylinositol-4,5-bisphosphate (PIP 2 ) in membranes (1-4). Structural studies on Kir channels (1, 2, 5) demonstrated that PIP 2 directly interacts with the channels. Subsequent studies supported that PIP 2 also interacts directly with voltage-gated potassium (Kv) channels (6)(7)(8)(9)(10)(11)(12)(13)(14)(15)(16)(17)(18)(19). Several positive residues that may be critical for PIP 2 activity have been identified (7,11,18,(20)(21)(22)(23)(24). Previous studies on Kv1.2 and Shaker channels showed that PIP 2 exerts opposing effects on Kv channels, up-regulating the current amplitude, while leading to a decrease in voltage sensitivity (7, 18). The S4 segment and the S4-S5 linker of Kv channels are crucial for voltage sensing. The interactions of PIP 2 with the S4 segments and the S4-S5 linkers of the closed-state Shaker and Kv1.2 channels underlie the loss-of-function effect of PIP 2 on voltage sensitivity (7, 18).The KCNQ (Kv7) family of slowly activated outwardly rectifying potassium channels is one of the Kv channel families that are sensitive to the presence of PIP 2 in the membrane. KCNQ channels have been widely studied because of their important biological and pharmacological functions. Retigabine, a first-inclass K + channel opener used for the treatment of epilepsy, adopts a unique mechanism to enhance the activity of KCNQ channels (25). PIP 2 is important for the functions of KCNQ channels. Reduction of PIP 2 affinity caused by congenic mut...