WA People
BILL · 2003–04 SESSION · LATEST VERSION SSB 5714

SB 5714: Financial inst law parity

Providing financial institution law parity.

Summary

  • Grants state chartered banks the same powers and authorities conferred upon state chartered thrifts.
  • Clarifies existing law by explicitly granting to state chartered banks and thrifts those powers and authorities that are available to federally chartered financial institutions.
  • Allows state chartered financial institutions to charge the maximum interest rate allowable for federally chartered financial institutions.

From the Substitute House Bill Analysis (SSB 5714), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 7, 2003
  2. Out of committeeFeb 24, 2003
  3. Passed SenateMar 6, 2003
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
February 7, 2003 in the Senate
Last action
January 28, 2004
Companion bill
HB 1759
Versions
SB 5714, SSB 5714

AN ACT Relating to financial institution law parity;

Sponsors

Prime sponsor: Don Benton (R-17)

1 co-sponsor (1 Democrat, 0 Republicans)

Margarita Prentice D-11

Votes

Senate · 3rd Reading & Final Passage

Passed March 6, 2003
Version voted on: SSB 5714
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 5714)
  2. By resolution, reintroduced and retained in present status. (SSB 5714)
  3. By resolution, reintroduced and retained in present status. (SSB 5714)
  4. By resolution, reintroduced and retained in present status. (SSB 5714)
  5. By resolution, returned to Senate Rules Committee for third reading. (SSB 5714)
  6. FII - Majority; do pass. (SSB 5714)
  7. Passed to Rules Committee for second reading. (SSB 5714)
  8. FII - Executive action taken by committee. (SSB 5714)
  9. First reading, referred to Financial Institutions & Insurance. (SSB 5714)
  10. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 5714)
  11. Rules suspended. Placed on Third Reading. (SSB 5714)
  12. 1st substitute bill substituted. (SSB 5714)
  13. 1st substitute bill substituted.
  14. Placed on second reading by Rules Committee. (SSB 5714)
  15. Placed on second reading by Rules Committee.
  16. Passed to Rules Committee for second reading. (SSB 5714)
  17. Passed to Rules Committee for second reading.
  18. FSIH - Majority; 1st substitute bill be substituted, do pass. (SSB 5714)
  19. FSIH - Majority; 1st substitute bill be substituted, do pass.
  20. First reading, referred to Financial Services, Insurance & Housing.

SB 5714 in other sessions

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

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