WA People
BILL · 2017–18 SESSION

SB 5587: Linked deposit program

Addressing the linked deposit program.

Summary

  • Increases the overall Linked Deposit Program by $20 million per year and adds prioritization criteria for awarding loans to qualified businesses.
  • Dedicates an additional $10 million per year for loans to veteran-owned businesses, and an additional $10 million for loans to minority-owned and women-owned businesses.

From the Senate Bill Report (SB 5587), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 30, 2017
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Bob Hasegawa (D-11)
Introduced
January 30, 2017 in the Senate
Last action
January 8, 2018
Budget
Has a fiscal note

AN ACT Relating to the linked deposit program;

Sponsors

Prime sponsor: Bob Hasegawa (D-11)

4 co-sponsors (4 Democrats, 0 Republicans)

Maralyn Chase D-32Steve Hobbs D-44Mark Mullet D-5Karen Keiser D-33

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. Referred to Ways & Means.
  6. And refer to Ways & Means.
  7. FI - Majority; do pass.
  8. First reading, referred to Financial Institutions & Insurance.

SB 5587 in other sessions

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

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