WA People
BILL · 2003–04 SESSION · LATEST VERSION SHB 2346

HB 2346: Investing in Wa business

Promoting investment in Washington businesses.

Summary

  • Requires the Washington State Investment Board (SIB), in making and implementing private equity investment decisions, look first at Washington investment opportunities for diversification, unless it is not prudent under the circumstances to do so.
  • Prohibits the SIB from investing more than 25 percent of its funds in an single industry, more than 5 percent in any one company, or own more than 10 percent of the equity of any business.

From the House Bill Analysis (HB 2346), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 12, 2004
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Velma Veloria (D-11)
Introduced
January 12, 2004 in the House
Last action
February 6, 2004
Budget
Has a fiscal note
Versions
HB 2346, SHB 2346

AN ACT Relating to investing in Washington businesses;

Sponsors

Prime sponsor: Velma Veloria (D-11)

10 co-sponsors (10 Democrats, 0 Republicans)

Al O'Brien D-1Phyllis Gutierrez Kenney D-46Dave Upthegrove D-33Sharon Tomiko Santos D-37Ed Murray D-43Brian Sullivan D-21Geoff Simpson D-47Dawn Morrell D-25Zack Hudgins D-11Shay Schual-Berke D-33

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. Referred to Appropriations. (SHB 2346)
  2. Referred to Appropriations.
  3. TED - Majority; 1st substitute bill be substituted, do pass. (SHB 2346)
  4. Minority; do not pass. (SHB 2346)
  5. Minority; do not pass.
  6. TED - Majority; 1st substitute bill be substituted, do pass.
  7. TED - Executive action taken by committee.
  8. First reading, referred to Trade & Economic Development.
  9. Prefiled for introduction.

HB 2346 in other sessions

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

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