WA People
BILL · 2015–16 SESSION

SB 5300: Credit union enforcement/DFI

Updating the department of financial institutions' regulatory enforcement powers regarding credit unions and organizations providing services to credit unions.

Summary

  • Amends provisions regarding the corporate governance of credit unions.
  • Clarifies and broadens the Department of Financial Institutions' enforcement authority with respect to credit unions.
  • Amends what practices credit unions may engage in.

From the House Bill Report (SB 5300), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 114, Laws of 2015
  1. IntroducedJan 19, 2015
  2. Out of committeeJan 23, 2015
  3. Passed SenateMar 9, 2015
  4. Passed HouseApr 9, 2015
  5. GovernorApr 25, 2015
  6. LawApr 25, 2015
Prime sponsor
Don Benton (R-17)
Introduced
January 19, 2015 in the Senate
Last action
April 25, 2015
Session law
Chapter 114, Laws of 2015
Requested by
Other
Companion bill
HB 1062
Budget
Has a fiscal note

AN ACT Relating to updating the department of financial institutions' regulatory enforcement powers regarding credit unions and organizations providing services to credit unions;

Sponsors

Prime sponsor: Don Benton (R-17)

5 co-sponsors (3 Democrats, 2 Republicans)

Mark Mullet D-5Joe Fain R-47Jeannie Darneille D-27Steve Hobbs D-44Jan Angel R-26

Votes

Senate · 3rd Reading & Final Passage

Passed March 9, 2015
Version voted on: SB 5300
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage

Passed April 9, 2015
Version voted on: SB 5300
77 Yea 19 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat51000
Republican261902
How each member voted

Yea (77)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/24/2015.
  2. Chapter 114, 2015 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 77; nays, 19; absent, 0; excused, 2.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Referred to Rules 2 Review.
  11. Minority; do not pass.
  12. BFS - Majority; do pass.
  13. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).
  14. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Made eligible to be placed on second reading.
  18. Passed to Rules Committee for second reading.
  19. Minority; without recommendation.
  20. FI - Majority; do pass.
  21. First reading, referred to Financial Institutions & Insurance.

SB 5300 in other sessions

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

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