Washington 2025-2026 Regular Session Status: Passed Senate 2 D cosponsors

SB 6250 — Concerning the maximum principal amount of small loans.

Last action — Senate Rules "X" file.

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

This bill has passed the Senate. Introduced January 21, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the House.

Odds of enactment

Moderate chance

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

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

Prognosis

Stalled 30% · moderate confidence

  • Passed Senate

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 D).

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

62 added · 60 removed

Plain-language change summary

The updated version of SB 6250 now specifies that the department of financial institutions will adjust the maximum loan limits annually instead of biennially, starting in 2027. This change is important because it allows the maximum loan amounts to keep pace more regularly with inflation, which could benefit borrowers by ensuring their access to loans reflects current economic conditions. Additionally, the bill now mandates that this information is to be published on the department's website and in press releases, increasing transparency for borrowers.

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S-4657.1 SUBSTITUTE SENATE BILL 6250 State of Washington 69th Legislature 2026 Regular Session By Senate Business, Trade & Economic Development (originally sponsored by Senators Kauffman and Nobles) READ FIRST TIME 02/04/26.
S-3924.1 SENATE BILL 6250 State of Washington 69th Legislature 2026 Regular Session By Senators Kauffman and Nobles Read first time 01/21/26.
Referred to Committee on Business, Trade & Economic Development.
1 SSB 6250 both the borrower and the licensee and no additional fee or interest is charged.
1 SB 6250 both the borrower and the licensee and no additional fee or interest is charged.
(b) Beginning January 1, 2027, and biennially thereafter, the department of financial institutions shall determine the inflation-adjusted maximum principal amount of any small loan allowed under (a) of this subsection, by calculating to the nearest cent using the consumer price index.
(b) Beginning January 1, 2027, and annually thereafter, the department of financial institutions shall calculate the inflation- adjusted maximum principal amount of any small loan, or the outstanding principal balances of all small loans made by all licensees to a single borrower, at any one time allowed under (a) of this subsection, by calculating to the nearest cent using the consumer price index.
The department of financial institutions shall publish the information in the Washington state register.
The department of financial institutions shall publish the information on its website and in a press release.
If a licensee makes more than one loan to a single borrower, and the aggregated principal of all loans made to that borrower exceeds ((five hundred dollars)) $500 p.
If a licensee makes more p.
2 SSB 6250 at any one time, the licensee may charge interest or fees not to exceed in the aggregate ((ten)) 10 percent on that portion of the aggregated principal of all loans at any one time that is in excess of ((five hundred dollars)) $500.
2 SB 6250 than one loan to a single borrower, and the aggregated principal of all loans made to that borrower exceeds ((five hundred dollars)) $500 at any one time, the licensee may charge interest or fees not to exceed in the aggregate ((ten)) 10 percent on that portion of the aggregated principal of all loans at any one time that is in excess of ((five hundred dollars)) $500.
3 SSB 6250
3 SB 6250
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Action History

  1. Senate Rules "X" file.

  2. Passed to Rules Committee for second reading.

  3. Minority; do not pass.

  4. BTE - Majority; 1st substitute bill be substituted, do pass.

  5. Executive action taken in the Senate Committee on Business, Trade & Economic Development at 8:00 AM.

  6. Public hearing in the Senate Committee on Business, Trade & Economic Development at 8:00 AM.

  7. First reading, referred to Business, Trade & Economic Development.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 149 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"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

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 6250?
SB 6250 is sponsored by T'wina Nobles (Democrat) and Claudia Kauffman (Democrat).
What is the current status of SB 6250?
This bill has passed the Senate. Introduced January 21, 2026. It now moves to the second chamber.
Where can I track SB 6250?
Track SB 6250 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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