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2015 Senate Bill 5300: Updating the department of financial institutions' regulatory enforcement powers regarding credit unions and organizations providing services to credit unions

Public Act 114 of 2015

Introduced by Sen. Don Benton (Vancouver) (R) on January 19, 2015
For Bill Information, please click HERE.   Official Text and Analysis.
Referred to the Senate Financial Institutions & Insurance Committee on January 19, 2015
Referred to the Senate Rules Committee on January 23, 2015
Passed 49 to 0 in the Senate on March 9, 2015.
    See Who Voted "Yes" and Who Voted "No".
Received in the House on March 12, 2015
Referred to the House Business & Financial Services Committee on March 12, 2015
Referred to the House Rules Committee on April 8, 2015
Amendment offered by Rep. Matt Shea (Spokane Valley) (R) on April 9, 2015
Eliminates the authority of the Director of Financial Institutions to temporarily suspend or restrict withdrawals of deposits in a credit union upon a written finding.
The amendment failed by voice vote in the House on April 9, 2015
Passed 77 to 19 in the House on April 9, 2015.
    See Who Voted "Yes" and Who Voted "No".
Amends provisions regarding the corporate governance of credit unions.
Signed by Gov. Jay Inslee on April 25, 2015
Amends provisions regarding the corporate governance of credit unions. Clarifies and broadens the Department of Financial Institutions' enforcement authority with respect to credit unions. Amends what practices credit unions may engage in.