WA People
BILL · 2019–20 SESSION · LATEST VERSION ESSB 5167

SB 5167: Linked deposit program

Addressing the linked deposit program.

Summary

  • Authorizes the Office of Minority and Women's Business Enterprises to adopt rules to prioritize loans under the Linked Deposit Program (Program) that create jobs in underserved communities with inadequate access to capital for applicants with no current loans from other small business lending agencies.
  • Requires any line of credit issued under the Program with a zero balance for 12 or more months to be removed from the Program.

From the Engrossed Substitute House Bill Report (ESSB 5167), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 15, 2019
  2. Out of committeeFeb 14, 2019
  3. Passed SenateMar 8, 2019
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Bob Hasegawa (D-11)
Introduced
January 15, 2019 in the Senate
Last action
March 12, 2020
Budget
Has a fiscal note
Versions
SB 5167, ESSB 5167

AN ACT Relating to the linked deposit program;

Sponsors

Prime sponsor: Bob Hasegawa (D-11)

6 co-sponsors (6 Democrats, 0 Republicans)

Rebecca Saldaña D-37Jeannie Darneille D-27Senator D-46Karen Keiser D-33Joe Nguyen D-34Mark Mullet D-5

Votes

Senate · 3rd Reading & Final Passage

Passed March 8, 2019
Version voted on: ESSB 5167
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican19001
How each member voted

Excused (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed January 22, 2020
Version voted on: ESSB 5167
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican17003
How each member voted

Excused (3)

Permalink to this vote

History

  1. Returned to Senate Rules 3. (ESSB 5167)
  2. Referred to Rules 2 Review. (ESSB 5167)
  3. Minority; without recommendation. (ESSB 5167)
  4. ITED - Majority; do pass. (ESSB 5167)
  5. First reading, referred to Innovation, Technology & Economic Development. (ESSB 5167)
  6. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3. (ESSB 5167)
  7. Rules suspended. Placed on Third Reading. (ESSB 5167)
  8. Floor amendment(s) adopted. (ESSB 5167)
  9. Returned to second reading for amendment. (ESSB 5167)
  10. Rules suspended. (ESSB 5167)
  11. Placed on third reading by Rules Committee. (ESSB 5167)
  12. By resolution, reintroduced and retained in present status. (ESSB 5167)
  13. By resolution, returned to Senate Rules Committee for third reading. (ESSB 5167)
  14. Referred to Appropriations. (ESSB 5167)
  15. ITED - Majority; do pass. (ESSB 5167)
  16. First reading, referred to Innovation, Technology & Economic Development. (ESSB 5167)
  17. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (ESSB 5167)
  18. Rules suspended. Placed on Third Reading. (ESSB 5167)
  19. 1st substitute bill substituted. (ESSB 5167)
  20. 1st substitute bill substituted.
  21. Placed on second reading by Rules Committee. (ESSB 5167)
  22. Placed on second reading by Rules Committee.
  23. Passed to Rules Committee for second reading. (ESSB 5167)
  24. Passed to Rules Committee for second reading.
  25. WM - Majority; do pass 1st substitute bill proposed by Financial Institutions, Economic Development & Trade. (ESSB 5167)
  26. Minority; without recommendation. (ESSB 5167)
  27. Minority; without recommendation.
  28. WM - Majority; do pass 1st substitute bill proposed by Financial Institutions, Economic Development & Trade.
  29. Referred to Ways & Means. (ESSB 5167)
  30. Referred to Ways & Means.
  31. FIET - Majority; 1st substitute bill be substituted, do pass. (ESSB 5167)
  32. And refer to Ways & Means. (ESSB 5167)
  33. And refer to Ways & Means.
  34. FIET - Majority; 1st substitute bill be substituted, do pass.
  35. First reading, referred to Financial Institutions, Economic Development & Trade.

SB 5167 in other sessions

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

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