WA HB1120 | 2023-2024 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on April 13 2023 - 100% progression
Action: 2023-04-13 - Effective date 1/1/2024.
Text: Latest bill text (Chaptered) [PDF]

Summary

Concerning the best interest standard for annuity transactions.

Tracking Information

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Title

Concerning the best interest standard for annuity transactions.

Sponsors


Roll Calls

2023-03-29 - Senate - Senate 3rd Reading & Final Passage (Y: 49 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-14 - Senate - Senate Committee on Business, Financial Services, Gaming & Trade: do pass (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - House - House 3rd Reading & Final Passage (Y: 97 N: 0 NV: 0 Abs: 1) [PASS]
2023-01-20 - House - House Committee on Consumer Protection & Business: do pass (Y: 11 N: 0 NV: 1 Abs: 0) [PASS]

History

DateChamberAction
2023-04-13HouseEffective date 1/1/2024.
2023-04-13HouseChapter 64, 2023 Laws.
2023-04-13HouseGovernor signed.
2023-04-07HouseDelivered to Governor.
2023-04-03SenatePresident signed.
2023-03-31HouseSpeaker signed.
2023-03-29SenateThird reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
2023-03-29SenateRules suspended. Placed on Third Reading.
2023-03-24SenatePlaced on second reading consent calendar.
2023-03-15SenatePassed to Rules Committee for second reading.
2023-03-14SenateBFGT - Majority; do pass.
2023-03-14SenateExecutive action taken in the Senate Committee on Business, Financial Services, Gaming & Trade at 8:00 AM.
2023-03-09SenatePublic hearing in the Senate Committee on Business, Financial Services, Gaming & Trade at 10:30 AM.
2023-02-06SenateFirst reading, referred to Business, Financial Services, Gaming & Trade.
2023-02-02HouseThird reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.
2023-02-02HouseRules suspended. Placed on Third Reading.
2023-02-01HouseRules Committee relieved of further consideration. Placed on second reading.
2023-01-23HouseReferred to Rules 2 Review.
2023-01-20HouseMinority; without recommendation.
2023-01-20HouseCPB - Majority; do pass.
2023-01-20HouseExecutive action taken in the House Committee on Consumer Protection & Business at 8:00 AM.
2023-01-17HousePublic hearing in the House Committee on Consumer Protection & Business at 1:30 PM.
2023-01-09HouseFirst reading, referred to Consumer Protection & Business.
2023-01-04HousePrefiled for introduction.

Code Citations

ChapterArticleSectionCitation TypeStatute Text
4823New CodeSee Bill Text
4823015Amended CodeSee Bill Text

Washington State Sources

TypeSource
Summaryhttps://app.leg.wa.gov/billsummary?BillNumber=1120&Year=2023&Initiative=false
Texthttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/House%20Bills/1120.pdf
Texthttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/House%20Passed%20Legislature/1120.PL.pdf
Texthttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/Session%20Laws/House/1120.SL.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1120%20HBA%20CPB%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1120%20HBR%20CPB%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1120%20HBR%20APH%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/1120%20SBA%20BFGT%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/1120%20SBR%20BFGT%20TA%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/1120%20SBR%20BFGT%20OC%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/1120%20SBR%20APS%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1120%20HBR%20PL%2023.pdf
Supplementhttps://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1120%20HBR%20FBR%2023.pdf
Supplementhttps://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=65522
Roll Callhttps://app.leg.wa.gov/billsummary/majorityminority/recommendation?type=majority&legId=127116&actionText=CPB%20-%20Majority%3B%20do%20pass.&mId=30375&isInit=False&biennium=2023-24
Roll Callhttps://app.leg.wa.gov/billsummary/rollcall/vote?legId=127116&chamber=House&actionHistoryDate=02-02-2023&indexOnDayByChamber=1&billNumber=1120&isInit=False&biennium=2023-24
Roll Callhttps://app.leg.wa.gov/billsummary/majorityminority/recommendation?type=majority&legId=127116&actionText=BFGT%20-%20Majority%3B%20do%20pass.&mId=30968&isInit=False&biennium=2023-24
Roll Callhttps://app.leg.wa.gov/billsummary/rollcall/vote?legId=127116&chamber=Senate&actionHistoryDate=03-29-2023&indexOnDayByChamber=1&billNumber=1120&isInit=False&biennium=2023-24

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