WA People
BILL · 2019–20 SESSION · LATEST VERSION 2SSB 5774

SB 5774: Student debt

Relieving student debt.

Summary

  • Creates the Washington Income Share Agreement (ISA) Pilot Program.
  • Establishes ISA regulations for any ISA entered into by a resident of the state.
  • Establishes the Washington Student Loan Refinancing Program in which the state contracts with financial institutions to refinance student loans by buying down the interest rate or providing partial risk coverage.

From the Second Substitute House Bill Report (2SSB 5774), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 31, 2019
  2. Out of committeeMar 1, 2019
  3. Passed SenateMar 6, 2019
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Marko Liias (D-21)
Introduced
January 31, 2019 in the Senate
Last action
January 13, 2020
Budget
Has a fiscal note
Versions
SB 5774, SSB 5774, 2SSB 5774

AN ACT Relating to student debt relief;

Sponsors

Prime sponsor: Marko Liias (D-21)

10 co-sponsors (10 Democrats, 0 Republicans)

Guy Palumbo D-1Mark Mullet D-5Emily Randall D-26Lisa Wellman D-41Jeannie Darneille D-27Steve Conway D-29Karen Keiser D-33Patty Kuderer D-48Joe Nguyen D-34Claire Wilson D-30

Votes

Senate · 3rd Reading & Final Passage

Passed March 6, 2019
Version voted on: 2SSB 5774
40 Yea 8 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28100
Republican12701
How each member voted

Excused (1)

Permalink to this vote

History

  1. Senate Rules "X" file. (2SSB 5774)
  2. By resolution, reintroduced and retained in present status. (2SSB 5774)
  3. By resolution, returned to Senate Rules Committee for third reading. (2SSB 5774)
  4. Referred to Appropriations. (2SSB 5774)
  5. Minority; do not pass. (2SSB 5774)
  6. Minority; without recommendation. (2SSB 5774)
  7. CWD - Majority; do pass with amendment(s). (2SSB 5774)
  8. First reading, referred to College & Workforce Development. (2SSB 5774)
  9. Third reading, passed; yeas, 40; nays, 8; absent, 0; excused, 1. (2SSB 5774)
  10. Rules suspended. Placed on Third Reading. (2SSB 5774)
  11. 2nd substitute bill substituted. (2SSB 5774)
  12. 2nd substitute bill substituted. (SSB 5774)
  13. 2nd substitute bill substituted.
  14. Placed on second reading by Rules Committee. (2SSB 5774)
  15. Placed on second reading by Rules Committee. (SSB 5774)
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading. (2SSB 5774)
  18. Minority; without recommendation. (2SSB 5774)
  19. WM - Majority; 2nd substitute bill be substituted, do pass. (2SSB 5774)
  20. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5774)
  21. Minority; without recommendation. (SSB 5774)
  22. Passed to Rules Committee for second reading. (SSB 5774)
  23. Passed to Rules Committee for second reading.
  24. Minority; without recommendation.
  25. WM - Majority; 2nd substitute bill be substituted, do pass.
  26. Referred to Ways & Means. (SSB 5774)
  27. Referred to Ways & Means.
  28. HEWD - Majority; 1st substitute bill be substituted, do pass. (SSB 5774)
  29. Minority; do not pass. (SSB 5774)
  30. And refer to Ways & Means. (SSB 5774)
  31. And refer to Ways & Means.
  32. Minority; do not pass.
  33. HEWD - Majority; 1st substitute bill be substituted, do pass.
  34. First reading, referred to Higher Education & Workforce Development.

SB 5774 in other sessions

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

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