WA People
BILL · 2021–22 SESSION

SB 5602: Service providers/financial

Concerning service providers working with state-regulated financial institutions.

Summary

  • Authorizes the Director of the Department of Financial Institutions to examine and take enforcement actions, including joint examination and enforcement actions with other state and federal agencies, against service providers that provide certain services to state-chartered banks, savings banks, or savings and loan associations.

From the House Bill Report (SB 5602), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 49, Laws of 2022
  1. IntroducedJan 10, 2022
  2. Out of committeeJan 19, 2022
  3. Passed SenateJan 28, 2022
  4. Passed HouseMar 2, 2022
  5. GovernorMar 11, 2022
  6. LawMar 11, 2022
Prime sponsor
Mark Mullet (D-5)
Introduced
January 10, 2022 in the Senate
Last action
March 11, 2022
Session law
Chapter 49, Laws of 2022
Requested by
Other
Budget
Has a fiscal note

AN ACT Relating to service providers working with state-regulated financial institutions;

Sponsors

Prime sponsor: Mark Mullet (D-5)

1 co-sponsor (1 Democrat, 0 Republicans)

Bob Hasegawa D-11

Votes

Senate · 3rd Reading & Final Passage

Passed January 28, 2022
Version voted on: SB 5602
44 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat26003
Republican18002
How each member voted

Excused (5)

Permalink to this vote

House · 3rd Reading & Final Passage

Passed March 2, 2022
Version voted on: SB 5602
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat56001
Republican41000
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

History

  1. Effective date 6/9/2022.
  2. Chapter 49, 2022 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Rules Committee relieved of further consideration. Placed on second reading.
  8. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.
  9. Rules suspended. Placed on Third Reading.
  10. Referred to Rules 2 Review.
  11. CPB - Executive action taken by committee.
  12. CPB - Majority; do pass.
  13. First reading, referred to Consumer Protection & Business.
  14. Third reading, passed; yeas, 44; nays, 0; absent, 0; excused, 5.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading consent calendar.
  17. Passed to Rules Committee for second reading.
  18. BFST - Majority; do pass.
  19. First reading, referred to Business, Financial Services & Trade.
  20. Prefiled for introduction.

SB 5602 in other sessions

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

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