WA People
BILL · 2021–22 SESSION · LATEST VERSION E2SSB 5188

SB 5188: Public financial cooperative

Concerning creation of the Washington state public financial cooperative.

Summary

  • Activates a public financial cooperative as a cooperative membership organization to lend to local and tribal governmental entities.
  • Local and tribal governments, along with the state, are permitted to be members of the public financial cooperative.
  • Enables the public financial cooperative to issue debt in the name of the cooperative rather than the state of Washington.

From the Engrossed Second Substitute Senate Bill Report (E2SSB 5188), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 13, 2021
  2. Out of committeeFeb 22, 2021
  3. Passed SenateMar 5, 2021
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Patty Kuderer (D-48)
Introduced
January 13, 2021 in the Senate
Last action
February 17, 2022
Budget
Has a fiscal note
Versions
SB 5188, SSB 5188, E2SSB 5188

AN ACT Relating to the creation of the Washington state public financial cooperative;

Sponsors

Prime sponsor: Patty Kuderer (D-48)

13 co-sponsors (13 Democrats, 0 Republicans)

Joe Nguyen D-34Steve Conway D-29Jeannie Darneille D-27Senator D-47Manka Dhingra D-45Bob Hasegawa D-11Senator D-22Marko Liias D-21Liz Lovelett D-40Derek Stanford D-1Kevin Van De Wege D-24Lisa Wellman D-41Claire Wilson D-30

Votes

Senate · 3rd Reading & Final Passage

Passed March 5, 2021
Version voted on: E2SSB 5188
27 Yea 21 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat27200
Republican01901
How each member voted

Excused (1)

Permalink to this vote

History

  1. Senate Rules "X" file. (E2SSB 5188)
  2. Placed on third reading by Rules Committee. (E2SSB 5188)
  3. By resolution, reintroduced and retained in present status. (E2SSB 5188)
  4. By resolution, returned to Senate Rules Committee for third reading. (E2SSB 5188)
  5. Rules Committee relieved of further consideration. Placed on second reading. (E2SSB 5188)
  6. Referred to Rules 2 Review. (E2SSB 5188)
  7. Minority; do not pass. (E2SSB 5188)
  8. APP - Majority; do pass with amendment(s) by Consumer Protection & Business. (E2SSB 5188)
  9. APP - Executive action taken by committee. (E2SSB 5188)
  10. Referred to Appropriations. (E2SSB 5188)
  11. Minority; do not pass. (E2SSB 5188)
  12. CPB - Majority; do pass with amendment(s). (E2SSB 5188)
  13. CPB - Executive action taken by committee. (E2SSB 5188)
  14. First reading, referred to Consumer Protection & Business. (E2SSB 5188)
  15. Third reading, passed; yeas, 27; nays, 21; absent, 0; excused, 1. (E2SSB 5188)
  16. Rules suspended. Placed on Third Reading. (E2SSB 5188)
  17. Floor amendment(s) adopted. (E2SSB 5188)
  18. 2nd substitute bill substituted. (E2SSB 5188)
  19. 2nd substitute bill substituted. (SSB 5188)
  20. 2nd substitute bill substituted.
  21. Placed on second reading by Rules Committee. (E2SSB 5188)
  22. Placed on second reading by Rules Committee. (SSB 5188)
  23. Placed on second reading by Rules Committee.
  24. Minority; do not pass. (E2SSB 5188)
  25. Minority; without recommendation. (E2SSB 5188)
  26. WM - Majority; 2nd substitute bill be substituted, do pass. (E2SSB 5188)
  27. Passed to Rules Committee for second reading. (E2SSB 5188)
  28. Passed to Rules Committee for second reading. (SSB 5188)
  29. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5188)
  30. Minority; without recommendation. (SSB 5188)
  31. Minority; do not pass. (SSB 5188)
  32. Minority; do not pass.
  33. Minority; without recommendation.
  34. WM - Majority; 2nd substitute bill be substituted, do pass.
  35. Passed to Rules Committee for second reading.
  36. Referred to Ways & Means. (SSB 5188)
  37. Referred to Ways & Means.
  38. BFST - Majority; 1st substitute bill be substituted, do pass. (SSB 5188)
  39. Minority; do not pass. (SSB 5188)
  40. And refer to Ways & Means. (SSB 5188)
  41. And refer to Ways & Means.
  42. Minority; do not pass.
  43. BFST - Majority; 1st substitute bill be substituted, do pass.
  44. First reading, referred to Business, Financial Services & Trade.

SB 5188 in other sessions

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

Report wrong or missing information on this page