WA People
BILL · 2017–18 SESSION · LATEST VERSION SSB 5031

SB 5031: Uniform money services act

Addressing licensing and enforcement provisions applicable to money transmitters and currency exchanges under the uniform money services act.

Summary

  • Defines virtual currency and requires disclosure of certain information to consumers.
  • Requires a surety bond for online currency exchangers.
  • Modifies various provisions of the Uniform Money Services Act.

From the Substitute House Bill Report (SSB 5031), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 30, Laws of 2017
  1. IntroducedJan 10, 2017
  2. Out of committeeJan 16, 2017
  3. Passed SenateFeb 8, 2017
  4. Passed HouseApr 7, 2017
  5. GovernorApr 17, 2017
  6. LawApr 17, 2017
Prime sponsor
Jan Angel (R-26)
Introduced
January 10, 2017 in the Senate
Last action
April 17, 2017
Session law
Chapter 30, Laws of 2017
Requested by
Other
Companion bill
HB 1045
Budget
Has a fiscal note
Versions
SB 5031, SSB 5031

AN ACT Relating to licensing and enforcement provisions applicable to money transmitters and currency exchanges under the uniform money services act;

Sponsors

Prime sponsor: Jan Angel (R-26)

1 co-sponsor (1 Democrat, 0 Republicans)

Mark Mullet D-5

Votes

Senate · 3rd Reading & Final Passage

Passed February 8, 2017
Version voted on: SSB 5031
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican24000
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage

Passed April 7, 2017
Version voted on: SSB 5031
89 Yea 7 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat49001
Republican40701
How each member voted

Yea (89)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/23/2017. (SSB 5031)
  2. Chapter 30, 2017 Laws. (SSB 5031)
  3. Governor signed. (SSB 5031)
  4. Delivered to Governor. (SSB 5031)
  5. Speaker signed. (SSB 5031)
  6. President signed. (SSB 5031)
  7. Third reading, passed; yeas, 89; nays, 7; absent, 0; excused, 2. (SSB 5031)
  8. Rules suspended. Placed on Third Reading. (SSB 5031)
  9. Placed on second reading by Rules Committee. (SSB 5031)
  10. Referred to Rules 2 Review. (SSB 5031)
  11. BFS - Majority; do pass. (SSB 5031)
  12. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report). (SSB 5031)
  13. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SSB 5031)
  14. Rules suspended. Placed on Third Reading. (SSB 5031)
  15. 1st substitute bill substituted. (SSB 5031)
  16. 1st substitute bill substituted.
  17. Placed on second reading by Rules Committee. (SSB 5031)
  18. Placed on second reading by Rules Committee.
  19. Passed to Rules Committee for second reading. (SSB 5031)
  20. Passed to Rules Committee for second reading.
  21. FI - Majority; 1st substitute bill be substituted, do pass. (SSB 5031)
  22. FI - Majority; 1st substitute bill be substituted, do pass.
  23. First reading, referred to Financial Institutions & Insurance.

SB 5031 in other sessions

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

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