WA People
BILL · 2013–14 SESSION · LATEST VERSION SHB 1582

HB 1582: Credit unions

Addressing credit unions' corporate governance and investments.

Summary

  • Modifies credit union governance provisions related to meetings, removal of directors, compensation of directors and supervisory committee members, and merger approval.
  • Permits a credit union to invest its funds in a registered investment company or collective investment fund, and modifies provisions related to investment in real property.

From the Substitute House Bill Report (SHB 1582), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 31, 2013
  2. Out of committeeFeb 18, 2013
  3. Passed HouseMar 5, 2013
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Cindy Ryu (D-32)
Introduced
January 31, 2013 in the House
Last action
January 13, 2014
Budget
Has a fiscal note
Versions
HB 1582, SHB 1582

AN ACT Relating to credit unions' corporate governance, investments, and capital;

Sponsors

Prime sponsor: Cindy Ryu (D-32)

4 co-sponsors (3 Democrats, 1 Republican)

Judy Warnick R-13Sharon Tomiko Santos D-37Steve Kirby D-29Luis Moscoso D-1

Votes

House · Final Passage

Passed March 5, 2013
Version voted on: SHB 1582
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat54001
Republican42001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

History

  1. Referred to Business & Financial Services. (SHB 1582)
  2. Rules Committee relieved of further consideration. (SHB 1582)
  3. By resolution, reintroduced and retained in present status. (SHB 1582)
  4. By resolution, reintroduced and retained in present status. (SHB 1582)
  5. By resolution, reintroduced and retained in present status. (SHB 1582)
  6. By resolution, returned to House Rules Committee for third reading. (SHB 1582)
  7. First reading, referred to Financial Institutions, Housing & Insurance. (SHB 1582)
  8. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SHB 1582)
  9. Rules suspended. Placed on Third Reading. (SHB 1582)
  10. 1st substitute bill substituted. (SHB 1582)
  11. 1st substitute bill substituted.
  12. Rules Committee relieved of further consideration. Placed on second reading. (SHB 1582)
  13. Rules Committee relieved of further consideration. Placed on second reading.
  14. Passed to Rules Committee for second reading. (SHB 1582)
  15. Passed to Rules Committee for second reading.
  16. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 1582)
  17. BFS - Executive action taken by committee.
  18. BFS - Majority; 1st substitute bill be substituted, do pass.
  19. First reading, referred to Business & Financial Services.

HB 1582 in other sessions

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

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