WA People
BILL · 2007–08 SESSION · LATEST VERSION SHB 2231

HB 2231: Consumers' fin awareness

Funding consumers' financial awareness.

Summary

  • Places a $0.10 fee on each small loan transaction on or after July 1, 2007. The funds raised must be deposited into a new account in the custody of the Treasurer.
  • Limits expenditure authority to the Director of the Department of Financial Institutions or the Director's designee.
  • Requires expenditures from the account to be made in the following manner: (1) not more than 10 percent of all funds may be spent to administer the account; (2) not more than 20 percent of all funds may be spent on investigation of licensees; and (3) not less than 70 percent of all funds may be spent on training consumers in the appropriate use of small loans by the Department of Financial Institutions or by grants to accredited consumer credit counseling agencies.

From the House Bill Report (HB 2231), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 14, 2007
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Sherry Appleton (D-23)
Introduced
February 14, 2007 in the House
Last action
January 14, 2008
Budget
Has a fiscal note
Versions
HB 2231, SHB 2231

AN ACT Relating to funding consumers' financial awareness;

Sponsors

Prime sponsor: Sherry Appleton (D-23)

20 co-sponsors (17 Democrats, 3 Republicans)

Larry Haler R-8John McCoy D-38Deb Eddy D-48Larry Seaquist D-26Jim Moeller D-49Dean Takko D-19Brendan Williams D-22Tom Campbell R-2Zack Hudgins D-11Jamie Pedersen D-43Jay Rodne R-5Senator D-22Christine Rolfes D-23Mary Lou Dickerson D-36Brian Sullivan D-21Eileen Cody D-34Steve Kirby D-29Steve Conway D-29Timm Ormsby D-3Sharon Tomiko Santos D-37

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SHB 2231)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Appropriations. (SHB 2231)
  4. Referred to Appropriations.
  5. IFCP - Majority; 1st substitute bill be substituted, do pass. (SHB 2231)
  6. Minority; do not pass. (SHB 2231)
  7. IFCP - Executive action taken by committee.
  8. Minority; do not pass.
  9. IFCP - Majority; 1st substitute bill be substituted, do pass.
  10. First reading, referred to Insurance, Financial Services & Consumer Protection.

HB 2231 in other sessions

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

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