Notice of Introduction for Senate Bill 5447 - Update: 10 Year Analysis Complete

Office of Financial Management

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SB 5447, titled AN ACT Relating to financial products and services, has been introduced in the Senate. 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
Year

   Regulatory Sandbox Application Fee

 

2022

$ 7,500

2023

7,500

2024

7,500

2025

7,500

2026

7,500

2027

7,500

2028

7,500

2029

7,500

2030

7,500

2031

7,500

 

Total:

$ 75,000


Ten-year projection prepared in consultation with the following agencies:

Dept of Financial Institutions


Bill sponsors and contact information:

Senator Sharon Brown, Prime Sponsor
Republican
(360) 786-7614
Sharon.Brown@leg.wa.gov

Senator Ann Rivers
Republican
(360) 786-7634
ann.rivers@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp