WA People
BILL · 2021–22 SESSION

SB 5106: Municipal financial services

Concerning municipal access to local financial services.

Summary

  • Repeals the limitation that a credit union may only accept deposits greater than the maximum insured amount from a public funds depositor that either is a county with a population of 300,000 persons or less or is a public funds depositor located within a county with a population of 300,000 persons or less.

From the House Bill Report (SB 5106), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 91, Laws of 2021
  1. IntroducedJan 11, 2021
  2. Out of committeeJan 29, 2021
  3. Passed SenateFeb 16, 2021
  4. Passed HouseApr 5, 2021
  5. GovernorApr 16, 2021
  6. LawApr 16, 2021
Prime sponsor
Marko Liias (D-21)
Introduced
January 11, 2021 in the Senate
Last action
April 16, 2021
Session law
Chapter 91, Laws of 2021
Budget
Has a fiscal note

AN ACT Relating to municipal access to local financial services;

Sponsors

Prime sponsor: Marko Liias (D-21)

2 co-sponsors (1 Democrat, 1 Republican)

Senator R-18Claire Wilson D-30

Votes

Senate · 3rd Reading & Final Passage

Passed February 16, 2021
Version voted on: SB 5106
40 Yea 7 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican12701
How each member voted

Excused (2)

Permalink to this vote

House · 3rd Reading & Final Passage

Passed April 5, 2021
Version voted on: SB 5106
68 Yea 30 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat56100
Republican122900
How each member voted

Yea (68)

Permalink to this vote

History

  1. Effective date 7/25/2021.
  2. Chapter 91, 2021 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Rules suspended. Placed on Third Reading.
  8. Amendment ruled beyond the scope and object of the bill.
  9. Third reading, passed; yeas, 68; nays, 30; absent, 0; excused, 0.
  10. Rules Committee relieved of further consideration. Placed on second reading.
  11. Referred to Rules 2 Review.
  12. Minority; do not pass.
  13. CPB - Majority; do pass.
  14. CPB - Executive action taken by committee.
  15. First reading, referred to Consumer Protection & Business.
  16. Third reading, passed; yeas, 40; nays, 7; absent, 0; excused, 2.
  17. Rules suspended. Placed on Third Reading.
  18. Placed on second reading by Rules Committee.
  19. Passed to Rules Committee for second reading.
  20. Minority; without recommendation.
  21. BFST - Majority; do pass.
  22. First reading, referred to Business, Financial Services & Trade.
  23. Prefiled for introduction.

SB 5106 in other sessions

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

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