WA People
BILL · 2015–16 SESSION · LATEST VERSION SSB 6283

SB 6283: Securities act of WA

Addressing the securities act of Washington.

Summary

  • Makes technical changes to the Securities Act of Washington.
  • Authorizes the Department of Financial Institutions to deny or revoke crowdfunding securities exemptions in certain circumstances.
  • Establishes renewal deadlines for broker-dealers, investment advisers, and other registrations.
  • Extends the deadline to request a hearing on certain administrative actions against a broker-dealer, investment advisor, and other registrations.

From the Substitute House Bill Report (SSB 6283), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 61, Laws of 2016
  1. IntroducedJan 14, 2016
  2. Out of committeeJan 21, 2016
  3. Passed SenateFeb 15, 2016
  4. Passed HouseMar 4, 2016
  5. GovernorMar 29, 2016
  6. LawMar 29, 2016
Prime sponsor
Don Benton (R-17)
Introduced
January 14, 2016 in the Senate
Last action
March 29, 2016
Session law
Chapter 61, Laws of 2016
Requested by
Other
Companion bill
HB 2316
Budget
Has a fiscal note
Versions
SB 6283, SSB 6283

AN ACT Relating to clarifying, and making department of financial institutions technical regulatory changes to, the securities act of Washington;

Sponsors

Prime sponsor: Don Benton (R-17)

2 co-sponsors (1 Democrat, 1 Republican)

Mark Mullet D-5Jan Angel R-26

Votes

Senate · 3rd Reading & Final Passage

Passed February 15, 2016
Version voted on: SSB 6283
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat22002
Republican25000
How each member voted

Excused (2)

Permalink to this vote

House · Final Passage

Passed March 4, 2016
Version voted on: SSB 6283
96 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican46101
How each member voted

Yea (96)

Nay (1)

Excused (1)

Permalink to this vote

History

  1. Effective date 6/9/2016. (SSB 6283)
  2. Chapter 61, 2016 Laws. (SSB 6283)
  3. Governor signed. (SSB 6283)
  4. Delivered to Governor. (SSB 6283)
  5. Speaker signed. (SSB 6283)
  6. President signed. (SSB 6283)
  7. Third reading, passed; yeas, 96; nays, 1; absent, 0; excused, 1. (SSB 6283)
  8. Rules suspended. Placed on Third Reading. (SSB 6283)
  9. Placed on second reading by Rules Committee. (SSB 6283)
  10. Referred to Rules 2 Review. (SSB 6283)
  11. BFS - Majority; do pass. (SSB 6283)
  12. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report). (SSB 6283)
  13. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2. (SSB 6283)
  14. Rules suspended. Placed on Third Reading. (SSB 6283)
  15. 1st substitute bill substituted. (SSB 6283)
  16. 1st substitute bill substituted.
  17. Placed on second reading by Rules Committee. (SSB 6283)
  18. Placed on second reading by Rules Committee.
  19. FI - Majority; 1st substitute bill be substituted, do pass. (SSB 6283)
  20. Passed to Rules Committee for second reading. (SSB 6283)
  21. Passed to Rules Committee for second reading.
  22. FI - Majority; 1st substitute bill be substituted, do pass.
  23. First reading, referred to Financial Institutions & Insurance.

SB 6283 in other sessions

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

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