WA People
JOINT MEMORIAL · 2021–22 SESSION

SJM 8004: De-risking/financial inst.

Addressing "de-risking" by financial institutions.

Summary

  • The Legislature asks Congress and the President to enact legislation that includes: implementing the strategies and recommendations resulting from directives to the GAO and the Treasury under the NDAA; provisions that give federal banking regulators clarity on how to improve the ability of examiners to evaluate banks' BSA/AML compliance as applied to money transmitter accounts; a requirement that financial…

From the House Bill Analysis 2022 (SJM 8004), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 3, 2021
  2. Out of committeeFeb 15, 2021
  3. Passed SenateMar 2, 2021
  4. Passed Housestopped here
  5. Filed
Prime sponsor
Bob Hasegawa (D-11)
Introduced
February 3, 2021 in the Senate
Last action
March 10, 2022

Sponsors

Prime sponsor: Bob Hasegawa (D-11)

1 co-sponsor (1 Democrat, 0 Republicans)

Rebecca Saldaña D-37

Votes

Senate · 3rd Reading & Final Passage

Passed March 2, 2021
Version voted on: SJM 8004
48 Yea 1 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican19100
How each member voted

Yea (48)

Nay (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed February 2, 2022
Version voted on: SJM 8004
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican18002
How each member voted

Excused (2)

Permalink to this vote

History

  1. By resolution, returned to Senate Rules Committee for third reading.
  2. Referred to Rules 2 Review.
  3. CPB - Majority; do pass with amendment(s).
  4. CPB - Executive action taken by committee.
  5. First reading, referred to Consumer Protection & Business.
  6. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  7. Placed on third reading by Rules Committee.
  8. By resolution, reintroduced and retained in present status.
  9. By resolution, returned to Senate Rules Committee for third reading.
  10. Referred to Rules 2 Review.
  11. Minority; without recommendation.
  12. CPB - Majority; do pass.
  13. CPB - Executive action taken by committee.
  14. First reading, referred to Consumer Protection & Business.
  15. Third reading, passed; yeas, 48; nays, 1; absent, 0; excused, 0.
  16. Rules suspended. Placed on Third Reading.
  17. Placed on second reading by Rules Committee.
  18. Passed to Rules Committee for second reading.
  19. Minority; without recommendation.
  20. BFST - Majority; do pass.
  21. First reading, referred to Business, Financial Services & Trade.

SJM 8004 in other sessions

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

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