WA People
BILL · 2015–16 SESSION · LATEST VERSION E2SSB 6601

SB 6601: WA college savings program

Creating the Washington college savings program.

Summary

  • Establishes the Washington College Savings Program (WCSP) alongside the Washington Advanced College Tuition Payment Program, more commonly known as the Guaranteed Education Tuition (GET) Program, to be administered by the Committee on Advanced Tuition Payment and College Savings (Committee).
  • Allows a resident or nonresident to open an individual college savings program account for the purpose of saving and investing money for an eligible beneficiary to enroll in an institution of higher education.
  • Provides for various powers and responsibilities for the Committee to administer the WCSP.
  • Establishes an investment manager to have full power to invest, reinvest, manage, contract, sell, or exchange the investment money in the WCSP, and allows the investment manager to be the State Investment Board, another state, or any other entity as selected by the Committee.
  • Sets policy goals considered consistent with nationally competitive 529 savings plans to direct measurable objectives and performance measures.
  • Sets conditions for when refunds may be issued, requires the Committee to determine conditions when individual account transfers to another family member should be allowed, and requires the Committee to establish expedited rollover processes to other types of 529 programs.

From the Engrossed Second Substitute House Bill Report (E2SSB 6601), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 69, Laws of 2016
  1. IntroducedJan 28, 2016
  2. Out of committeeFeb 9, 2016
  3. Passed SenateFeb 16, 2016
  4. Passed HouseMar 3, 2016
  5. GovernorMar 29, 2016
  6. LawMar 29, 2016
Prime sponsor
Senator (D-46)
Introduced
January 28, 2016 in the Senate
Last action
March 29, 2016
Session law
Chapter 69, Laws of 2016
Budget
Has a fiscal note
Versions
SB 6601, SSB 6601, E2SSB 6601

AN ACT Relating to creating the Washington college savings program;

Sponsors

Prime sponsor: Senator (D-46)

5 co-sponsors (3 Democrats, 2 Republicans)

Barbara Bailey R-10John Braun R-20Mark Mullet D-5Senator D-36Rosemary McAuliffe D-1

Votes

Senate · 3rd Reading & Final Passage

Passed February 16, 2016
Version voted on: E2SSB 6601
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 3, 2016
Version voted on: E2SSB 6601
82 Yea 13 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat49100
Republican331203
How each member voted

Yea (82)

Excused (3)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 8, 2016
Version voted on: E2SSB 6601
45 Yea 2 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat22002
Republican23200
How each member voted

Nay (2)

Excused (2)

Permalink to this vote

History

  1. Effective date 6/9/2016. (E2SSB 6601)
  2. Chapter 69, 2016 Laws. (E2SSB 6601)
  3. Governor signed. (E2SSB 6601)
  4. Delivered to Governor. (E2SSB 6601)
  5. Speaker signed. (E2SSB 6601)
  6. President signed. (E2SSB 6601)
  7. Passed final passage; yeas, 45; nays, 2; absent, 0; excused, 2. (E2SSB 6601)
  8. Senate concurred in House amendments. (E2SSB 6601)
  9. Third reading, passed; yeas, 82; nays, 13; absent, 0; excused, 3. (E2SSB 6601)
  10. Rules suspended. Placed on Third Reading. (E2SSB 6601)
  11. Committee recommendations adopted and the bill amended. (E2SSB 6601)
  12. Placed on second reading by Rules Committee. (E2SSB 6601)
  13. Referred to Rules 2 Review. (E2SSB 6601)
  14. Minority; do not pass. (E2SSB 6601)
  15. APP - Majority; do pass with amendment(s) but without amendment(s) by Higher Education. (E2SSB 6601)
  16. Referred to Appropriations. (E2SSB 6601)
  17. Minority; without recommendation. (E2SSB 6601)
  18. Minority; do not pass. (E2SSB 6601)
  19. HE - Majority; do pass with amendment(s). (E2SSB 6601)
  20. First reading, referred to Higher Education (Not Officially read and referred until adoption of Introduction report). (E2SSB 6601)
  21. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (E2SSB 6601)
  22. Rules suspended. Placed on Third Reading. (E2SSB 6601)
  23. Floor amendment(s) adopted. (E2SSB 6601)
  24. 2nd substitute bill substituted. (E2SSB 6601)
  25. 2nd substitute bill substituted. (SSB 6601)
  26. 2nd substitute bill substituted.
  27. Placed on second reading by Rules Committee. (E2SSB 6601)
  28. Placed on second reading by Rules Committee. (SSB 6601)
  29. Placed on second reading by Rules Committee.
  30. Passed to Rules Committee for second reading. (E2SSB 6601)
  31. Minority; without recommendation. (E2SSB 6601)
  32. WM - Majority; 2nd substitute bill be substituted, do pass. (E2SSB 6601)
  33. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 6601)
  34. Minority; without recommendation. (SSB 6601)
  35. Passed to Rules Committee for second reading. (SSB 6601)
  36. Passed to Rules Committee for second reading.
  37. Minority; without recommendation.
  38. WM - Majority; 2nd substitute bill be substituted, do pass.
  39. Referred to Ways & Means. (SSB 6601)
  40. HIE - Majority; 1st substitute bill be substituted, do pass. (SSB 6601)
  41. And refer to Ways & Means. (SSB 6601)
  42. Referred to Ways & Means.
  43. And refer to Ways & Means.
  44. HIE - Majority; 1st substitute bill be substituted, do pass.
  45. First reading, referred to Higher Education.

SB 6601 in other sessions

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

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