WA People
BILL · 2003–04 SESSION · LATEST VERSION SSB 5365

SB 5365: 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 Analysis (SSB 5365), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 23, 2003
  2. Out of committeeFeb 17, 2003
  3. Passed SenateMar 18, 2003
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 23, 2003 in the Senate
Last action
January 28, 2004
Requested by
Governor
Companion bill
HB 1219
Budget
Has a fiscal note
Versions
SB 5365, SSB 5365

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

Sponsors

Prime sponsor: Don Benton (R-17)

4 co-sponsors (3 Democrats, 1 Republican)

Margarita Prentice D-11Mark Doumit D-19Karen Keiser D-33Shirley Winsley R-28

Votes

Senate · 3rd Reading & Final Passage

Passed March 18, 2003
Version voted on: SSB 5365
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Senate Rules "X" file. (SSB 5365)
  2. By resolution, reintroduced and retained in present status. (SSB 5365)
  3. By resolution, reintroduced and retained in present status. (SSB 5365)
  4. By resolution, reintroduced and retained in present status. (SSB 5365)
  5. By resolution, returned to Senate Rules Committee for third reading. (SSB 5365)
  6. First reading, referred to Financial Institutions & Insurance. (SSB 5365)
  7. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 5365)
  8. Rules suspended. Placed on Third Reading. (SSB 5365)
  9. 1st substitute bill substituted. (SSB 5365)
  10. 1st substitute bill substituted.
  11. Placed on second reading by Rules Committee. (SSB 5365)
  12. Placed on second reading by Rules Committee.
  13. Made eligible to be placed on second reading. (SSB 5365)
  14. Made eligible to be placed on second reading.
  15. Passed to Rules Committee for second reading. (SSB 5365)
  16. Passed to Rules Committee for second reading.
  17. FSIH - Majority; 1st substitute bill be substituted, do pass. (SSB 5365)
  18. FSIH - Majority; 1st substitute bill be substituted, do pass.
  19. First reading, referred to Financial Services, Insurance & Housing.

SB 5365 in other sessions

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

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