WA People
BILL · 2023–24 SESSION · LATEST VERSION ESSB 6069

SB 6069: Retirement savings

Improving retirement security for Washingtonians by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute. (REVISED FOR ENGROSSED: Improving private Washington workforce retirement security standards by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute.)

Summary

  • Establishes Washington Saves, a state-facilitated automatic enrollment individual retirement savings account program.
  • Establishes a governing board to establish, design, implement, manage, and oversee Washington Saves.
  • Permits an investment manager to invest the program funds and establishes an administrative account and trust account.
  • Establishes regulations and procedures for confidentiality, complaints, appeals, violations, and civil penalties.
  • Makes changes to the Washington Small Business Retirement Marketplace.

From the Engrossed Substitute House Bill Report (ESSB 6069), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 327, Laws of 2024
  1. IntroducedJan 9, 2024
  2. Out of committeeFeb 5, 2024
  3. Passed SenateFeb 12, 2024
  4. Passed HouseMar 1, 2024
  5. GovernorMar 28, 2024
  6. LawMar 28, 2024
Prime sponsor
Mark Mullet (D-5)
Introduced
January 9, 2024 in the Senate
Last action
March 28, 2024
Session law
Chapter 327, Laws of 2024
Requested by
State agency
Companion bill
HB 2244
Budget
Has a fiscal note
Versions
SB 6069, ESSB 6069

AN ACT Relating to improving retirement security for Washingtonians by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute;

Sponsors

Prime sponsor: Mark Mullet (D-5)

6 co-sponsors (6 Democrats, 0 Republicans)

Javier Valdez D-46Senator D-22Marko Liias D-21Joe Nguyen D-34Rebecca Saldaña D-37Kevin Van De Wege D-24

Votes

Senate · 3rd Reading & Final Passage

Passed February 12, 2024
Version voted on: ESSB 6069
43 Yea 6 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat28100
Republican15500
How each member voted
Permalink to this vote

House · Final Passage as Amended by the House

Passed March 1, 2024
Version voted on: ESSB 6069
66 Yea 30 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat56200
Republican102802
How each member voted

Yea (66)

Excused (2)

Permalink to this vote

House · Final Passage As Amended by the House on Reconsideration

Passed March 1, 2024
Version voted on: ESSB 6069
57 Yea 39 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat55300
Republican23602
How each member voted

Yea (57)

Excused (2)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 6, 2024
Version voted on: ESSB 6069
55 Yea 41 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55300
Republican03801
How each member voted

Yea (55)

Excused (1)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 7, 2024
Version voted on: ESSB 6069
35 Yea 12 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat27101
Republican81101
How each member voted

Excused (2)

Permalink to this vote

History

  1. Effective date 6/6/2024*. (ESSB 6069)
  2. Chapter 327, 2024 Laws. (ESSB 6069)
  3. Governor signed. (ESSB 6069)
  4. Delivered to Governor. (ESSB 6069)
  5. Speaker signed. (ESSB 6069)
  6. President signed. (ESSB 6069)
  7. Passed final passage; yeas, 35; nays, 12; absent, 0; excused, 2. (ESSB 6069)
  8. Senate concurred in House amendments. (ESSB 6069)
  9. Third reading, passed; yeas, 55; nays, 41; absent, 0; excused, 1. (ESSB 6069)
  10. Rules suspended. Placed on Third Reading. (ESSB 6069)
  11. Floor amendment(s) adopted. (ESSB 6069)
  12. Returned to second reading for amendment. (ESSB 6069)
  13. House receded from amendments. (ESSB 6069)
  14. Senate refuses to concur in House amendments. Asks House to recede from amendments. (ESSB 6069)
  15. Third reading, passed; yeas, 66; nays, 30; absent, 0; excused, 2. (ESSB 6069)
  16. Third reading, passed; yeas, 57; nays, 39; absent, 0; excused, 2. (ESSB 6069)
  17. Vote on third reading will be reconsidered. (ESSB 6069)
  18. Rules suspended. Placed on Third Reading. (ESSB 6069)
  19. Floor amendment(s) adopted. (ESSB 6069)
  20. Committee amendment not adopted. (ESSB 6069)
  21. Rules Committee relieved of further consideration. Placed on second reading. (ESSB 6069)
  22. APP - Executive action taken by committee. (ESSB 6069)
  23. APP - Majority; do pass with amendment(s) but without amendment(s) by Consumer Protection & Business. (ESSB 6069)
  24. Minority; without recommendation. (ESSB 6069)
  25. Minority; do not pass. (ESSB 6069)
  26. Referred to Rules 2 Review. (ESSB 6069)
  27. CPB - Executive action taken by committee. (ESSB 6069)
  28. Minority; without recommendation. (ESSB 6069)
  29. CPB - Majority; do pass with amendment(s). (ESSB 6069)
  30. Referred to Appropriations. (ESSB 6069)
  31. First reading, referred to Consumer Protection & Business. (ESSB 6069)
  32. Third reading, passed; yeas, 43; nays, 6; absent, 0; excused, 0. (ESSB 6069)
  33. Rules suspended. Placed on Third Reading. (ESSB 6069)
  34. Floor amendment(s) adopted. (ESSB 6069)
  35. 1st substitute bill substituted. (ESSB 6069)
  36. 1st substitute bill substituted.
  37. Placed on second reading by Rules Committee. (ESSB 6069)
  38. Placed on second reading by Rules Committee.
  39. Passed to Rules Committee for second reading. (ESSB 6069)
  40. Passed to Rules Committee for second reading.
  41. WM - Majority; 1st substitute bill be substituted, do pass. (ESSB 6069)
  42. Minority; do not pass. (ESSB 6069)
  43. Minority; without recommendation. (ESSB 6069)
  44. Minority; without recommendation.
  45. Minority; do not pass.
  46. WM - Majority; 1st substitute bill be substituted, do pass.
  47. First reading, referred to Ways & Means.

SB 6069 in other sessions

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

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