Notice of Public Hearing for Second Engrossed Second Substitute Senate Bill 5740
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2E2SSB 5740, titled AN ACT Relating to creating the secure choice retirement savings program, has been scheduled for a public hearing by the House Committee on Consumer Protection & Business.
Date and Time: 02/25/2020 1:30PM (Subject to change by the Legislature.)
Location: John L. O'Brien Building, House Hearing Rm D, Olympia, WA
The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.
Ten-year projection:
Fiscal |
Administrative Fee |
Noncompliance Penalty |
Total |
|
|
||||
2020 |
$ |
$ |
$ |
|
2021 |
0 |
0 |
$ |
|
2022 |
0 |
0 |
$ |
|
2023 |
2,969,089 |
0 |
$ 2,969,089 |
|
2024 |
2,969,089 |
0 |
$ 2,969,089 |
|
2025 |
5,938,178 |
824,000 |
$ 6,762,178 |
|
2026 |
5,938,178 |
824,000 |
$ 6,762,178 |
|
2027 |
5,938,178 |
824,000 |
$ 6,762,178 |
|
2028 |
5,938,178 |
824,000 |
$ 6,762,178 |
|
2029 |
5,938,178 |
824,000 |
$ 6,762,178 |
|
|
||||
Total: |
$ 35,629,068 |
$ 4,120,000 |
$ 39,749,068 |
Ten-year projection prepared in consultation with the following agencies:
Employment Security Department
This second engrossed bill is proposed by the Senate.
The second substitute bill was proposed by:
Senate Committee on Ways & Means
(360) 786-7715
The original bill sponsors and contact information are:
House Committee on Consumer Protection & Business members and contact information:
Representative Andrew Barkis
Republican
(360) 786-7824
Andrew.Barkis@leg.wa.gov
Representative Brian Blake
Democrat
(360) 786-7870
Brian.Blake@leg.wa.gov
Representative Davina Duerr
Democrat
(360) 786-7928
DUERR_DA@leg.wa.gov
Representative Jeremie Dufault
Republican
(360) 786-7874
DUFAULT_JE@leg.wa.gov
Representative Larry Hoff
Republican
(360) 786-7812
HOFF_LA@leg.wa.gov
Representative Jesse Johnson
Democrat
(360) 786-7830
JOHNSON_JE@leg.wa.gov
Representative Steve Kirby
Democrat
(360) 786-7996
Steve.Kirby@leg.wa.gov
Representative Cindy Ryu
Democrat
(360) 786-7880
Cindy.Ryu@leg.wa.gov
Representative Sharon Tomiko Santos
Democrat
(360) 786-7944
SharonTomiko.Santos@leg.wa.gov
Representative Brandon Vick
Republican
(360) 786-7850
Brandon.Vick@leg.wa.gov
Representative Mike Volz
Republican
(360) 786-7922
Mike.Volz@leg.wa.gov
Representative Amy Walen
Democrat
(360) 786-7848
WALEN_AM@leg.wa.gov
Representative Alex Ybarra
Republican
(360) 786-7808
YBARRA_AL@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp