WA People
BILL · 2003–04 SESSION · LATEST VERSION SHB 1455

HB 1455: Money transmission & exchng

Licensing and regulating money transmission and currency exchange.

Summary

  • Creates a statutory scheme for the licensing and regulation of persons involved in the business of money transmission or currency exchange.
  • Creates bonding, net worth, and solvency requirements for licensees.
  • Provides protections for customers of licensees and defines prohibited practices.
  • Creates criminal penalties for certain violations of the act.

From the Substitute House Bill Report (SHB 1455), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 287, Laws of 2003
  1. IntroducedJan 27, 2003
  2. Out of committeeMar 10, 2003
  3. Passed HouseMar 13, 2003
  4. Passed SenateApr 8, 2003
  5. GovernorMay 14, 2003
  6. LawMay 14, 2003
Prime sponsor
Sharon Tomiko Santos (D-37)
Introduced
January 27, 2003 in the House
Last action
May 14, 2003
Session law
Chapter 287, Laws of 2003
Requested by
Other
Companion bill
SB 5465
Budget
Has a fiscal note
Versions
HB 1455, SHB 1455

AN ACT Relating to licensing and regulating money transmission and currency exchange;

Sponsors

Prime sponsor: Sharon Tomiko Santos (D-37)

18 co-sponsors (15 Democrats, 3 Republicans)

Phyllis Gutierrez Kenney D-46Brad Benson R-6Shay Schual-Berke D-33Dave Quall D-40Al O'Brien D-1Mike Cooper D-21Jean Berkey D-38Hans Dunshee D-44Kathy Haigh D-35Jeff Morris D-40Brian Sullivan D-21Mary Skinner R-14Mark Miloscia D-30Velma Veloria D-11Jerome Delvin R-8Brian Hatfield D-19Geoff Simpson D-47Deb Wallace D-17

Votes

House · Final Passage

Passed March 13, 2003
Version voted on: SHB 1455
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat51001
Republican45001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

Senate · Final passage

Passed April 8, 2003
Version voted on: SHB 1455
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican24001
How each member voted

Yea (48)

Excused (1)

Permalink to this vote

House · FP as Amd by the Senate

Passed April 23, 2003
Version voted on: SHB 1455
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat52000
Republican46000
How each member voted

Yea (98)

Permalink to this vote
1 other recorded vote (amendments, procedural motions)

House · Amendment 126 by Newhouse (page 30, line 24)

March 13, 2003
Version voted on: SHB 1455
45 Yea 51 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat05101
Republican45001
How each member voted

Nay (51)

Excused (2)

Permalink to this vote

History

  1. Effective date 10/1/2003. (SHB 1455)
  2. Chapter 287, 2003 Laws. (SHB 1455)
  3. Governor signed. (SHB 1455)
  4. Delivered to Governor. (SHB 1455)
  5. President signed. (SHB 1455)
  6. Speaker signed. (SHB 1455)
  7. Passed final passage; yeas, 98; nays, 0; absent, 0; excused, 0. (SHB 1455)
  8. House concurred in Senate amendments. (SHB 1455)
  9. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SHB 1455)
  10. Rules suspended. Placed on Third Reading. (SHB 1455)
  11. Floor amendment(s) adopted. (SHB 1455)
  12. Placed on second reading by Rules Committee. (SHB 1455)
  13. Made eligible to be placed on second reading. (SHB 1455)
  14. FSIH - Majority; do pass. (SHB 1455)
  15. Passed to Rules Committee for second reading. (SHB 1455)
  16. First reading, referred to Financial Services, Insurance & Housing. (SHB 1455)
  17. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SHB 1455)
  18. Rules suspended. Placed on Third Reading. (SHB 1455)
  19. 1st substitute bill substituted. (SHB 1455)
  20. 1st substitute bill substituted.
  21. Placed on second reading by Rules Committee. (SHB 1455)
  22. Placed on second reading by Rules Committee.
  23. Made eligible to be placed on second reading. (SHB 1455)
  24. Made eligible to be placed on second reading.
  25. Passed to Rules Committee for second reading. (SHB 1455)
  26. Passed to Rules Committee for second reading.
  27. APP - Majority; do pass 1st substitute bill proposed by Financial Institutions & Insurance. (SHB 1455)
  28. APP - Executive action taken by committee. (SHB 1455)
  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 1455)
  32. Referred to Appropriations.
  33. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 1455)
  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 1455 in other sessions

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

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