WA People
BILL · 2017–18 SESSION · LATEST VERSION SHB 1209

HB 1209: Municipal financial services

Addressing municipal access to local financial services.

Summary

  • Allows credit unions to accept public deposits over the maximum insured amount, subject to collateralization, from a county with a population of 300,000 persons or less, or other public funds depositors located in a county with a population of 300,000 persons or less.
  • Allows the Department of Financial Institutions (DFI) to rely on information reported by the National Credit Union Association for investigation and examination of public depositories.

From the Substitute House Bill Report (SHB 1209), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 237, Laws of 2018
  1. IntroducedJan 13, 2017
  2. Out of committeeFeb 3, 2017
  3. Passed HouseFeb 16, 2017
  4. Passed SenateMar 2, 2018
  5. GovernorMar 22, 2018
  6. LawMar 22, 2018
Prime sponsor
Steve Bergquist (D-11)
Introduced
January 13, 2017 in the House
Last action
March 22, 2018
Session law
Chapter 237, Laws of 2018
Companion bill
SB 5396
Budget
Has a fiscal note
Versions
HB 1209, SHB 1209

AN ACT Relating to municipal access to local financial services;

Sponsors

Prime sponsor: Steve Bergquist (D-11)

4 co-sponsors (2 Democrats, 2 Republicans)

Brandon Vick R-18Steve Kirby D-29Jim Walsh R-19Brian Blake D-19

Votes

House · Final Passage

Passed February 16, 2017
Version voted on: SHB 1209
73 Yea 24 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican232401
How each member voted

Yea (73)

Excused (1)

Permalink to this vote

House · Final Passage

Passed January 11, 2018
Version voted on: SHB 1209
80 Yea 18 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican301800
How each member voted

Yea (80)

Permalink to this vote

Senate · Final Passage as Amended by the Senate

Passed March 2, 2018
Version voted on: SHB 1209
29 Yea 19 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24200
Republican51701
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the Senate

Passed March 5, 2018
Version voted on: SHB 1209
88 Yea 10 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican381000
How each member voted

Yea (88)

Permalink to this vote

History

  1. Effective date 6/7/2018. (SHB 1209)
  2. Chapter 237, 2018 Laws. (SHB 1209)
  3. Governor signed. (SHB 1209)
  4. Delivered to Governor. (SHB 1209)
  5. President signed. (SHB 1209)
  6. Speaker signed. (SHB 1209)
  7. House concurred in Senate amendments. (SHB 1209)
  8. Passed final passage; yeas, 88; nays, 10; absent, 0; excused, 0. (SHB 1209)
  9. Third reading, passed; yeas, 29; nays, 19; absent, 0; excused, 1. (SHB 1209)
  10. Rules suspended. Placed on Third Reading. (SHB 1209)
  11. Committee amendment(s) adopted with no other amendments. (SHB 1209)
  12. Placed on second reading by Rules Committee. (SHB 1209)
  13. Passed to Rules Committee for second reading. (SHB 1209)
  14. Minority; without recommendation. (SHB 1209)
  15. FI - Majority; do pass with amendment(s). (SHB 1209)
  16. First reading, referred to Financial Institutions & Insurance. (SHB 1209)
  17. Third reading, passed; yeas, 80; nays, 18; absent, 0; excused, 0. (SHB 1209)
  18. Rules Committee relieved of further consideration. Placed on third reading. (SHB 1209)
  19. By resolution, reintroduced and retained in present status. (SHB 1209)
  20. By resolution, reintroduced and retained in present status. (SHB 1209)
  21. By resolution, reintroduced and retained in present status. (SHB 1209)
  22. By resolution, reintroduced and retained in present status. (SHB 1209)
  23. By resolution, returned to House Rules Committee for third reading. (SHB 1209)
  24. First reading, referred to Financial Institutions & Insurance. (SHB 1209)
  25. Third reading, passed; yeas, 73; nays, 24; absent, 0; excused, 1. (SHB 1209)
  26. Rules suspended. Placed on Third Reading. (SHB 1209)
  27. 1st substitute bill substituted. (SHB 1209)
  28. 1st substitute bill substituted.
  29. Placed on second reading by Rules Committee. (SHB 1209)
  30. Placed on second reading by Rules Committee.
  31. Referred to Rules 2 Review. (SHB 1209)
  32. Referred to Rules 2 Review.
  33. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 1209)
  34. Minority; without recommendation. (SHB 1209)
  35. Minority; without recommendation.
  36. BFS - Majority; 1st substitute bill be substituted, do pass.
  37. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).

HB 1209 in other sessions

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

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