Washington 2023-2024 Regular Session Status: Enacted Bipartisan · 2 R · 2 D cosponsors

SB 5801 — Concerning special deposits.

Last action — Effective date 7/1/2024.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced December 05, 2023. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 96% · high confidence

  • Enacted

    Current position in the legislative process.

  • 5 sponsors

    1 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 2 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

140 added · 141 removed

Plain-language change summary

The revised version of SB 5801 changes the title chapter from Title 30A RCW to Title 32 RCW, which aligns it with a different regulatory framework. Additionally, the definition of "bank" has been updated to clarify what constitutes a banking institution. These changes aim to enhance the clarity of the legislation and ensure it is grounded in the appropriate legal context, which is important for its application and enforcement.

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ENGROSSED SUBSTITUTE SENATE BILL 5801 State of Washington 68th Legislature 2024 Regular Session By Senate Business, Financial Services, Gaming & Trade (originally sponsored by Senators Dozier, Pedersen, Hunt, Mullet, and J.
Z-0416.2 SENATE BILL 5801 State of Washington 68th Legislature 2024 Regular Session By Senators Dozier, Pedersen, Hunt, Mullet, and J.
by request of Uniform Law Commission) READ FIRST TIME 01/15/24.
by request of Uniform Law Commission Prefiled 12/05/23.
Read first time 01/08/24.
Referred to Committee on Business, Financial Services, Gaming & Trade.
adding a new chapter to Title 30A RCW;
adding a new chapter to Title 32 RCW;
(2) "Bank" has the same meaning as "financial institution" in RCW 30A.22.040.
(2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, trust company, and banks as defined in RCW 30A.38.005.
or (b) If not identified as a beneficiary in an account agreement, may be entitled to payment from a special deposit:
or p.
p.
1 SB 5801 (b) If not identified as a beneficiary in an account agreement, may be entitled to payment from a special deposit:
1 ESSB 5801 (i) Under the account agreement;
(i) Under the account agreement;
(i) In escrow, including for a purchase and sale, lease, buyback, or other transaction;
2 ESSB 5801 (ii) As a security deposit of a tenant;
2 SB 5801 (i) In escrow, including for a purchase and sale, lease, buyback, or other transaction;
(ii) As a security deposit of a tenant;
(1) This chapter applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the p.
(1) This chapter applies to a special deposit under an account agreement that p.
3 ESSB 5801 account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to Washington state.
3 SB 5801 states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to Washington state.
(2) The parties to an account agreement may choose a forum in this state for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state, provided the parties have the approval of the presiding judicial officer.
(2) The parties to an account agreement may choose a forum in this state for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.
(b) Previously established common law or application of statutes regarding deposits other than special deposits under this chapter;
or (b) The voidability of a deposit or transfer that is fraudulent or voidable under other law.
or (c) The voidability of a deposit or transfer that is fraudulent or voidable under other law.
4 ESSB 5801 NEW SECTION.
4 SB 5801 NEW SECTION.
5 ESSB 5801 accord and satisfaction with respect to another person obligated to the beneficiary.
5 SB 5801 accord and satisfaction with respect to another person obligated to the beneficiary.
6 ESSB 5801 (3) Creditor process served on a bank before it is enforceable against the bank under subsection (2) of this section does not create a right of the creditor against the bank, or a duty of the bank to the creditor.
6 SB 5801 (3) Creditor process served on a bank before it is enforceable against the bank under subsection (2) of this section does not create a right of the creditor against the bank, or a duty of the bank to the creditor.
7 ESSB 5801 (3) The bank holding a special deposit has a duty to a beneficiary to comply with the account agreement and this chapter.
7 SB 5801 (3) The bank holding a special deposit has a duty to a beneficiary to comply with the account agreement and this chapter.
8 ESSB 5801 NEW SECTION.
8 SB 5801 NEW SECTION.
Sections 1 through 16 and 18 of this act constitute a new chapter in Title 30A RCW, to be codified between chapters 30A.22 and 30A.32 RCW.
Sections 1 through 16 and 18 of this act constitute a new chapter in Title 32 RCW.
9 ESSB 5801
9 SB 5801
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Action History

  1. Effective date 7/1/2024.

  2. Chapter 23, 2024 Laws.

  3. Governor signed.

  4. Delivered to Governor.

  5. Speaker signed.

  6. President signed.

  7. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.

  8. Rules suspended. Placed on Third Reading.

  9. Rules Committee relieved of further consideration. Placed on second reading.

  10. Referred to Rules 2 Review.

  11. CPB - Majority; do pass.

  12. Executive action taken in the House Committee on Consumer Protection & Business at 8:00 AM.

  13. Public hearing in the House Committee on Consumer Protection & Business at 1:30 PM.

  14. First reading, referred to Consumer Protection & Business.

  15. Third reading, passed; yeas, 47; nays, 1; absent, 0; excused, 1.

  16. Rules suspended. Placed on Third Reading.

  17. Floor amendment(s) adopted.

  18. 1st substitute bill substituted (BFGT 24).

  19. Placed on second reading by Rules Committee.

  20. Passed to Rules Committee for second reading.

  21. Minority; without recommendation.

  22. BFGT - Majority; 1st substitute bill be substituted, do pass.

  23. Executive action taken in the Senate Committee on Business, Financial Services, Gaming & Trade at 10:30 AM.

  24. Public hearing in the Senate Committee on Business, Financial Services, Gaming & Trade at 8:00 AM.

  25. First reading, referred to Business, Financial Services, Gaming & Trade.

  26. Prefiled for introduction.

Sponsors

Sponsorship breakdown

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1 sponsors · 4 co-sponsors · 146 not signed on · 1 voted No

Sponsors (1)

Co-sponsors (4)

Not signed on (146)

146 members have not signed on to this bill.

Show all 146 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

3rd Reading & Final Passage (#5)

Passed 96 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 30000
Democrat 56001
Unaffiliated 10001
Total 96002
% of votes cast 98%0%0%2%
How each member voted (98)
Member Party Vote
Chambers — Yea
Chandler — Not Voting
Cheney — Yea
Chopp — Yea
Hutchins — Yea
Kretz — Yea
Maycumber — Yea
Mosbrucker — Yea
Robertson — Yea
Sandlin — Yea
Wilcox — Yea
Alex Ramel Democrat Yea
Alicia Rule Democrat Yea
Amy Walen Democrat Yea
April Berg Democrat Yea
Beth Doglio Democrat Yea
Bill Ramos Democrat Yea
Brandy Donaghy Democrat Yea
Chipalo Street Democrat Yea
Chris Stearns Democrat Yea
Cindy Ryu Democrat Yea
Clyde Shavers Democrat Yea
Dan Bronoske Democrat Yea
Darya Farivar Democrat Yea
Dave Paul Democrat Yea
David Hackney Democrat Yea
Davina Duerr Democrat Yea
Debra Entenman Democrat Yea
Debra Lekanoff Democrat Yea
Emily Alvarado Democrat Yea
Gerry Pollet Democrat Yea
Greg Nance Democrat Yea
Jake Fey Democrat Yea
Jamila Taylor Democrat Yea
Jessica Bateman Democrat Yea
Joe Fitzgibbon Democrat Yea
Joe Timmons Democrat Yea
Julia Reed Democrat Yea
Julio Cortes Democrat Yea
Kristine Reeves Democrat Yea
Larry Springer Democrat Yea
Lauren Davis Democrat Yea
Laurie Jinkins Democrat Yea
Lillian Ortiz-Self Democrat Yea
Lisa Callan Democrat Yea
Liz Berry Democrat Yea
Marcus Riccelli Democrat Yea
Mari Leavitt Democrat Yea
Mary Fosse Democrat Yea
Melanie Morgan Democrat Not Voting
Mia Gregerson Democrat Yea
Mike Chapman Democrat Yea
Monica Jurado Stonier Democrat Yea
My-Linh Thai Democrat Yea
Nicole Macri Democrat Yea
Roger Goodman Democrat Yea
Sharlett Mena Democrat Yea
Sharon Tomiko Santos Democrat Yea
Sharon Wylie Democrat Yea
Shelley Kloba Democrat Yea
Steve Bergquist Democrat Yea
Steve Tharinger Democrat Yea
Strom Peterson Democrat Yea
Tana Senn Democrat Yea
Tarra Simmons Democrat Yea
Timm Ormsby Democrat Yea
Tina Orwall Democrat Yea
Vandana Slatter Democrat Yea
Alex Ybarra Republican Yea
Andrew Barkis Republican Yea
April Connors Republican Yea
Carolyn Eslick Republican Yea
Chris Corry Republican Yea
Cyndy Jacobsen Republican Yea
Dan Griffey Republican Yea
Drew Stokesbary Republican Yea
Ed Orcutt Republican Yea
Jenny Graham Republican Yea
Jim Walsh Republican Yea
Joe Schmick Republican Yea
Joel McEntire Republican Yea
Keith Goehner Republican Yea
Kevin Waters Republican Yea
Leonard Christian Republican Yea
Mark Klicker Republican Yea
Mary Dye Republican Yea
Michelle Valdez Republican Yea
Mike Steele Republican Yea
Mike Volz Republican Yea
Paul Harris Republican Yea
Peter Abbarno Republican Yea
Sam Low Republican Yea
Skyler Rude Republican Yea
Stephanie Barnard Republican Yea
Stephanie McClintock Republican Yea
Suzanne Schmidt Republican Yea
Tom Dent Republican Yea
Travis Couture Republican Yea

Official roll call →

3rd Reading & Final Passage (#10)

Passed 47 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10000
Republican 15001
Democrat 22100
Total 47101
% of votes cast 96%2%0%2%
How each member voted (49)
Member Party Vote
Billig — Yea
Hawkins — Yea
Keiser — Yea
Kuderer — Yea
Mullet — Yea
Padden — Yea
Randall — Yea
Rivers — Yea
Van De Wege — Yea
Wilson, L. — Yea
Annette Cleveland Democrat Yea
Bob Hasegawa Democrat Nay
Claire Wilson Democrat Yea
Claudia Kauffman Democrat Yea
Derek Stanford Democrat Yea
Drew Hansen Democrat Yea
Jamie Pedersen Democrat Yea
Javier Valdez Democrat Yea
Jesse Salomon Democrat Yea
Joe Nguyen Democrat Yea
John Lovick Democrat Yea
June Robinson Democrat Yea
Lisa Wellman Democrat Yea
Liz Lovelett Democrat Yea
Manka Dhingra Democrat Yea
Marko Liias Democrat Yea
Noel Frame Democrat Yea
Rebecca Saldaña Democrat Yea
Sharon Shewmake Democrat Yea
Steve Conway Democrat Yea
T'wina Nobles Democrat Yea
Victoria Hunt Democrat Yea
Yasmin Trudeau Democrat Yea
Chris Gildon Republican Yea
Curtis King Republican Yea
Drew MacEwen Republican Yea
Jeff Holy Republican Yea
Jeff Wilson Republican Yea
Jim McCune Republican Yea
John Braun Republican Yea
Judy Warnick Republican Yea
Keith Wagoner Republican Yea
Mark Schoesler Republican Yea
Matt Boehnke Republican Yea
Nikki Torres Republican Not Voting
Perry Dozier Republican Yea
Phil Fortunato Republican Yea
Ron Muzzall Republican Yea
Shelly Short Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 5801?
SB 5801 is sponsored by Jeff Wilson (Republican), Mullet, Jamie Pedersen (Democrat), Perry Dozier (Republican), and Victoria Hunt (Democrat).
What is the current status of SB 5801?
This bill has been enacted into law. Introduced December 05, 2023. Enacted.
Where can I track SB 5801?
Track SB 5801 free on One Click Politics — get push/email alerts when it moves.

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