WA People
BILL · 2013–14 SESSION · LATEST VERSION ESHB 2023

HB 2023: Securities/crowdfunding

Allowing crowdfunding for certain small securities offerings.

Summary

  • Exempts certain small securities offerings from registration under the Securities Act of Washington if first filed with and declared exempt by the Department of Financial Institutions.
  • Authorizes local associate development organizations and port districts to assist those filing for exemption during filing and offering.
  • Grants rulemaking authority to the Department of Financial Institutions to govern the exempted offerings.

From the Engrossed Substitute House Bill Report (ESHB 2023), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 144, Laws of 2014
  1. IntroducedApr 2, 2013
  2. Out of committeeJan 27, 2014
  3. Passed HouseFeb 13, 2014
  4. Passed SenateMar 7, 2014
  5. GovernorMar 28, 2014
  6. LawMar 28, 2014
Prime sponsor
Cyrus Habib (D-48)
Introduced
April 2, 2013 in the House
Last action
March 28, 2014
Session law
Chapter 144, Laws of 2014
Budget
Has a fiscal note
Versions
HB 2023, ESHB 2023

AN ACT Relating to allowing crowdfunding for certain small securities offerings;

Sponsors

Prime sponsor: Cyrus Habib (D-48)

3 co-sponsors (2 Democrats, 1 Republican)

Cindy Ryu D-32Hans Zeiger R-25Marcie Maxwell D-41

Votes

House · Final Passage

Passed February 13, 2014
Version voted on: ESHB 2023
89 Yea 9 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat55000
Republican34900
How each member voted

Yea (89)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed March 7, 2014
Version voted on: ESHB 2023
46 Yea 2 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican22200
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the Senate

Passed March 11, 2014
Version voted on: ESHB 2023
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat55000
Republican43000
How each member voted

Yea (98)

Permalink to this vote

History

  1. Effective date 6/12/2014. (ESHB 2023)
  2. Chapter 144, 2014 Laws. (ESHB 2023)
  3. Governor signed. (ESHB 2023)
  4. Delivered to Governor. (ESHB 2023)
  5. Speaker signed. (ESHB 2023)
  6. President signed. (ESHB 2023)
  7. Passed final passage; yeas, 98; nays, 0; absent, 0; excused, 0. (ESHB 2023)
  8. House concurred in Senate amendments. (ESHB 2023)
  9. Third reading, passed; yeas, 46; nays, 2; absent, 0; excused, 1. (ESHB 2023)
  10. Rules suspended. Placed on Third Reading. (ESHB 2023)
  11. Floor amendment(s) adopted. (ESHB 2023)
  12. Placed on second reading by Rules Committee. (ESHB 2023)
  13. FIHI - Majority; do pass. (ESHB 2023)
  14. Passed to Rules Committee for second reading. (ESHB 2023)
  15. First reading, referred to Financial Institutions, Housing & Insurance. (ESHB 2023)
  16. Third reading, passed; yeas, 89; nays, 9; absent, 0; excused, 0. (ESHB 2023)
  17. Rules suspended. Placed on Third Reading. (ESHB 2023)
  18. Floor amendment(s) adopted. (ESHB 2023)
  19. 1st substitute bill substituted. (ESHB 2023)
  20. 1st substitute bill substituted.
  21. Placed on second reading by Rules Committee. (ESHB 2023)
  22. Placed on second reading by Rules Committee.
  23. Passed to Rules Committee for second reading. (ESHB 2023)
  24. Passed to Rules Committee for second reading.
  25. BFS - Majority; 1st substitute bill be substituted, do pass. (ESHB 2023)
  26. BFS - Majority; 1st substitute bill be substituted, do pass.
  27. BFS - Executive action taken by committee.
  28. By resolution, reintroduced and retained in present status.
  29. By resolution, reintroduced and retained in present status.
  30. By resolution, reintroduced and retained in present status.
  31. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).

HB 2023 in other sessions

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

Report wrong or missing information on this page