WA People
BILL · 2009–10 SESSION · LATEST VERSION SSB 6371

SB 6371: 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 (SSB 6371), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 73, Laws of 2010
  1. IntroducedJan 13, 2010
  2. Out of committeeJan 28, 2010
  3. Passed SenateFeb 16, 2010
  4. Passed HouseFeb 28, 2010
  5. GovernorMar 15, 2010
  6. LawMar 15, 2010
Prime sponsor
Joe McDermott (D-34)
Introduced
January 13, 2010 in the Senate
Last action
March 15, 2010
Session law
Chapter 73, Laws of 2010
Requested by
Other
Companion bill
HB 2636
Budget
Has a fiscal note
Versions
SB 6371, SSB 6371

AN ACT Relating to money transmitters;

Sponsors

Prime sponsor: Joe McDermott (D-34)

1 co-sponsor (1 Democrat, 0 Republicans)

Jean Berkey D-38

Votes

Senate · 3rd Reading & Final Passage

Passed February 16, 2010
Version voted on: SSB 6371
42 Yea 5 Nay 1 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat30010
Republican12501
How each member voted

Absent (1)

Excused (1)

Permalink to this vote

House · Final Passage

Passed February 28, 2010
Version voted on: SSB 6371
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat60001
Republican36001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

History

  1. Effective date 6/10/2010. (SSB 6371)
  2. Chapter 73, 2010 Laws. (SSB 6371)
  3. Governor signed. (SSB 6371)
  4. Delivered to Governor. (SSB 6371)
  5. Speaker signed. (SSB 6371)
  6. President signed. (SSB 6371)
  7. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SSB 6371)
  8. Rules suspended. Placed on Third Reading. (SSB 6371)
  9. Placed on second reading by Rules Committee. (SSB 6371)
  10. Passed to Rules Committee for second reading. (SSB 6371)
  11. FII - Executive action taken by committee. (SSB 6371)
  12. FII - Majority; do pass. (SSB 6371)
  13. First reading, referred to Financial Institutions & Insurance. (SSB 6371)
  14. Third reading, passed; yeas, 42; nays, 5; absent, 1; excused, 1. (SSB 6371)
  15. Rules suspended. Placed on Third Reading. (SSB 6371)
  16. 1st substitute bill substituted. (SSB 6371)
  17. 1st substitute bill substituted.
  18. Placed on second reading consent calendar. (SSB 6371)
  19. Placed on second reading consent calendar.
  20. Made eligible to be placed on second reading. (SSB 6371)
  21. Made eligible to be placed on second reading.
  22. Passed to Rules Committee for second reading. (SSB 6371)
  23. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 6371)
  24. FIHI - Majority; 1st substitute bill be substituted, do pass.
  25. Passed to Rules Committee for second reading.
  26. First reading, referred to Financial Institutions, Housing & Insurance.

SB 6371 in other sessions

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

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