WA People
BILL · 2003–04 SESSION · LATEST VERSION SHB 1219

HB 1219: Securities violations

Addressing violations connected with the offer, sale, or purchase of securities.

Summary

  • Creates a Securities Prosecution Fund to be administered by the Department of Financial Institutions for the purpose of assisting law enforcement authorities in the prosecution of violations of the Securities Act.
  • Increases the criminal penalties and expands the statute of limitations for violations of the Securities Act.
  • Increases the fines that may be administratively imposed by the Department of Financial Institutions for violations of the Securities Act.

From the Substitute House Bill Report (SHB 1219), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 288, Laws of 2003
  1. IntroducedJan 21, 2003
  2. Out of committeeMar 4, 2003
  3. Passed HouseMar 13, 2003
  4. Passed SenateApr 9, 2003
  5. GovernorMay 14, 2003
  6. LawMay 14, 2003
Prime sponsor
Shay Schual-Berke (D-33)
Introduced
January 21, 2003 in the House
Last action
May 14, 2003
Session law
Chapter 288, Laws of 2003
Requested by
Governor
Companion bill
SB 5365
Budget
Has a fiscal note
Versions
HB 1219, SHB 1219

AN ACT Relating to violations connected with the offer, sale, or purchase of securities;

Sponsors

Prime sponsor: Shay Schual-Berke (D-33)

5 co-sponsors (3 Democrats, 2 Republicans)

Brad Benson R-6Glenn Anderson R-5Dave Upthegrove D-33Phil Rockefeller D-23Geoff Simpson D-47

Votes

House · Final Passage

Passed March 13, 2003
Version voted on: SHB 1219
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat51001
Republican43003
How each member voted

Yea (94)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed April 9, 2003
Version voted on: SHB 1219
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican22003
How each member voted

Yea (46)

Excused (3)

Permalink to this vote

House · FP as Amd by the Senate

Passed April 23, 2003
Version voted on: SHB 1219
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat52000
Republican46000
How each member voted

Yea (98)

Permalink to this vote

History

  1. Effective date 7/27/2003. (SHB 1219)
  2. Chapter 288, 2003 Laws. (SHB 1219)
  3. Governor signed. (SHB 1219)
  4. Delivered to Governor. (SHB 1219)
  5. President signed. (SHB 1219)
  6. Speaker signed. (SHB 1219)
  7. Passed final passage; yeas, 98; nays, 0; absent, 0; excused, 0. (SHB 1219)
  8. House concurred in Senate amendments. (SHB 1219)
  9. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3. (SHB 1219)
  10. Rules suspended. Placed on Third Reading. (SHB 1219)
  11. Committee amendment adopted with no other amendments. (SHB 1219)
  12. Placed on second reading by Rules Committee. (SHB 1219)
  13. Made eligible to be placed on second reading. (SHB 1219)
  14. FSIH - Majority; do pass with amendment(s). (SHB 1219)
  15. Passed to Rules Committee for second reading. (SHB 1219)
  16. First reading, referred to Financial Services, Insurance & Housing. (SHB 1219)
  17. Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4. (SHB 1219)
  18. Rules suspended. Placed on Third Reading. (SHB 1219)
  19. 1st substitute bill substituted. (SHB 1219)
  20. 1st substitute bill substituted.
  21. Placed on second reading by Rules Committee. (SHB 1219)
  22. Placed on second reading by Rules Committee.
  23. Made eligible to be placed on second reading. (SHB 1219)
  24. Made eligible to be placed on second reading.
  25. Passed to Rules Committee for second reading. (SHB 1219)
  26. Passed to Rules Committee for second reading.
  27. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance. (SHB 1219)
  28. APP - Executive action taken by committee. (SHB 1219)
  29. APP - Executive action taken by committee.
  30. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance.
  31. Referred to Appropriations. (SHB 1219)
  32. Referred to Appropriations.
  33. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 1219)
  34. FII - Majority; 1st substitute bill be substituted, do pass.
  35. FII - Executive action taken by committee.
  36. First reading, referred to Financial Institutions & Insurance.

HB 1219 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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