WA People
BILL · 2003–04 SESSION · LATEST VERSION SSB 5465

SB 5465: Money transmission & exchng

Licensing and regulating money transmission and currency exchange.

Summary

  • The Uniform Money Services Act is created to establish a regulatory system for money transmission and currency exchange businesses, to ensure that they are not used for criminal purposes, and to protect the public interest by maintaining the financial system in the state of Washington. Two parallel systems of licensure and regulation are established, one for money transmitters and one for currency exchangers.

From the Senate Bill Report (SB 5465), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 27, 2003
  2. Out of committeeFeb 17, 2003
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 27, 2003 in the Senate
Last action
January 12, 2004
Requested by
Other
Companion bill
HB 1455
Versions
SB 5465, SSB 5465

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

Sponsors

Prime sponsor: Don Benton (R-17)

26 co-sponsors (15 Democrats, 11 Republicans)

Margarita Prentice D-11Shirley Winsley R-28Ken Jacobsen D-46Tracey Eide D-30Jeanne Kohl-Welles D-36Patricia Hale R-8Darlene Fairley D-32Adam Kline D-37Erik Poulsen D-34Bill Finkbeiner R-45Karen Keiser D-33Jim Kastama D-25Paull Shin D-21Dave Schmidt R-44Pat Thibaudeau D-43Linda Evans Parlette R-12Mary Margaret Haugen D-10Jim Horn R-41Aaron Reardon D-38Rosemary McAuliffe D-1Luke Esser R-48Joyce Mulliken R-13Senator R-15Larry Sheahan R-9Joseph Zarelli R-18Senator D-35

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5465)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 5465)
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status. (SSB 5465)
  6. By resolution, reintroduced and retained in present status.
  7. Senate Rules "X" file. (SSB 5465)
  8. Senate Rules "X" file.
  9. Made eligible to be placed on second reading. (SSB 5465)
  10. Made eligible to be placed on second reading.
  11. Passed to Rules Committee for second reading. (SSB 5465)
  12. Passed to Rules Committee for second reading.
  13. FSIH - Majority; 1st substitute bill be substituted, do pass. (SSB 5465)
  14. FSIH - Majority; 1st substitute bill be substituted, do pass.
  15. First reading, referred to Financial Services, Insurance & Housing.

SB 5465 in other sessions

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

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