BILL · 2009–10 SESSION · LATEST VERSION SHB 2636

HB 2636: Money transmitters

Concerning money transmitters.

Summary

  • Requires persons or entities that sell, issue, or act as an intermediary for open loop stored value payment devices to be licensed as money transmitters.
  • Modifies the financial responsibility requirements for money transmitters.
  • Establishes volume as a basis for licensee assessments.

From the Substitute House Bill Report (SHB 2636), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 11, 2010
  2. Out of committeeJan 25, 2010
  3. Passed HouseFeb 10, 2010
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Sharon Tomiko Santos (D-37)
Introduced
January 11, 2010 in the House
Last action
March 15, 2010
Requested by
Other
Companion bill
SB 6371
Budget
Has a fiscal note
Versions
HB 2636, SHB 2636

AN ACT Relating to money transmitters;

Sponsors

Prime sponsor: Sharon Tomiko Santos (D-37)

3 co-sponsors (3 Democrats, 0 Republicans)

Votes

House · Final Passage

Passed February 10, 2010
Version voted on: SHB 2636
96 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat60001
Republican36100
How each member voted

Yea (96)

Nay (1)

Excused (1)

History

  1. By resolution, reintroduced and retained in present status. (SHB 2636)
  2. By resolution, returned to House Rules Committee for third reading. (SHB 2636)
  3. First reading, referred to Financial Institutions, Housing & Insurance. (SHB 2636)
  4. Third reading, passed; yeas, 96; nays, 1; absent, 0; excused, 1. (SHB 2636)
  5. Rules suspended. Placed on Third Reading. (SHB 2636)
  6. 1st substitute bill substituted. (SHB 2636)
  7. 1st substitute bill substituted.
  8. Placed on second reading by Rules Committee. (SHB 2636)
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading. (SHB 2636)
  11. Passed to Rules Committee for second reading.
  12. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 2636)
  13. FII - Executive action taken by committee.
  14. FII - Majority; 1st substitute bill be substituted, do pass.
  15. First reading, referred to Financial Institutions & Insurance.
  16. Prefiled for introduction.

HB 2636 in other sessions

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

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