WA People
BILL · 2023–24 SESSION

HB 1370: Securities whistleblowers

Providing the payment of awards to whistleblowers who report violations of state or federal securities laws and providing protection to whistleblowers and internal reporters.

Summary

  • Establishes the Whistleblower Award and Protection Act, which sets forth parameters for granting awards to whistleblowers who provide information regarding securities fraud, and establishes prohibited acts of retaliation.
  • Allows whistleblower awards to be paid from the Securities Prosecution Fund and increases the fund limit to $1 million.

From the House Bill Report (HB 1370), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 149, Laws of 2023
  1. IntroducedJan 17, 2023
  2. Out of committeeFeb 24, 2023
  3. Passed HouseMar 3, 2023
  4. Passed SenateApr 6, 2023
  5. GovernorApr 20, 2023
  6. LawApr 20, 2023
Prime sponsor
Kristine Reeves (D-30)
Introduced
January 17, 2023 in the House
Last action
April 20, 2023
Session law
Chapter 149, Laws of 2023
Requested by
Other
Budget
Has a fiscal note

AN ACT Relating to the payment of awards to whistleblowers who report violations of state or federal securities laws and providing protection to whistleblowers and internal reporters;

Sponsors

Prime sponsor: Kristine Reeves (D-30)

6 co-sponsors (5 Democrats, 1 Republican)

Chris Corry R-14Julia Reed D-36Melanie Morgan D-29Alex Ramel D-40Gerry Pollet D-46Mari Leavitt D-28

Votes

House · 3rd Reading & Final Passage

Passed March 3, 2023
Version voted on: HB 1370
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican39001
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 6, 2023
Version voted on: HB 1370
45 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican17003
How each member voted

Excused (4)

Permalink to this vote

History

  1. Effective date 7/23/2023.
  2. Chapter 149, 2023 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 45; nays, 0; absent, 0; excused, 4.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. Minority; without recommendation.
  12. BFGT - Majority; do pass.
  13. First reading, referred to Business, Financial Services, Gaming & Trade.
  14. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.
  15. Rules suspended. Placed on Third Reading.
  16. Rules Committee relieved of further consideration. Placed on second reading.
  17. Referred to Rules 2 Review.
  18. APP - Majority; do pass.
  19. APP - Executive action taken by committee.
  20. Referred to Appropriations.
  21. CPB - Executive action taken by committee.
  22. CPB - Majority; do pass.
  23. First reading, referred to Consumer Protection & Business.

HB 1370 in other sessions

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

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