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Call to Action: Oppose HB 2830 and SB 6369

Contact your Washington State Legislators from http://www.leg.wa.gov/pages/home.aspx or call the hotline at 1-800-562.6000.

In addition to local members of the House and Senate, here are the members of the Rules Committee who ultimately will decide whether House Bill 2830 and Senate Bill 6369 will pass on to the floor for possible floor vote by the respective chamber.

House Rules Committee
Rep. Frank Chopp (D) (Chair)
Rep. Richard DeBolt (R) (Ranking Minority Member)

Other members listed at: http://www.leg.wa.gov/House/Committees/RUL/Pages/MembersStaff.aspx

Senate Rules Committee
Lt. Gov. Brad Owen

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House Bill 2830 Hearing on February 17

While the hearing involved numerous legislation, you can view below the 35 minute program segment for Engrossed House Bill 2830 heard in the Senate Financial Institutions, Housing & Insurance Committee.

The video is already advanced to the 47:45 point when HB 2830 starts. To move to a specific point, slide your mouse pointer along the blue bar between the minutes-transpired and the minutes-remaining in the lower left and right area below.

View Attorney Douglas A. Schafer’s letter to

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Confidential bank oversight won't return confidence

Yakima Herald-Republic editorial board
This editorial appears in the Feb. 3, 2010, Yakima Herald-Republic.

Getting tough with financial institutions is in full swing both in Washington, D.C., and Washington state.

The U.S. House has already cleared legislation that would help regulators break apart bloated financial institutions and bring some cautionary restraint to the nation’s financial system. As we saw in the economic meltdown that began when the housing bubble burst, these too-big-to-fail financial institutions followed reckless investments with

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Please oppose the DFI-requested credit union bills

Senator Regala and Representatives Darneille and Flannigan (cc: Senator Franklin):

Please oppose the DFI-requested credit union bills (HB 2830 and SB 6368) or at least strip out their section 15 that unconstitutionally criminalizes the making of a “misrepresentation about the financial condition of a credit union.” That provision will chill justified criticism of credit union managers by their credit union’s members. State credit union are nominally governed as cooperatives, but in reality they are governed by

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Section 15 of HB 2830 and SB 6369

Notes from Doug Schafer re: Section 15 of SB 6369 and HB 2830
(Schafer Law Firm, P.O. Box 1134, Tacoma, WA 98401)

Section 15 amends RCW 31.12.850 by adding a new Paragraph (b) to Subsection (1). The added Paragraph (b) makes it unlawful to knowingly state a misrepresentation about a CU’s financial condition. The re-numbered Paragraph (c) of Subsection (1) states that any violation of Subsection (1) is a misdemeanor under the Washington Criminal Code for which

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Gag order on free speech regarding credit unions?

Ken Schram
KOMO 4 News

Mr. Ken Schram:

In a sad case of “the devil is in the details”, our Legislature is proposing an agency-request bill which would sharply attack freedom of speech among persons raising public policy questions about the safety and soundness of any credit union. Under the guise of preventing false information from being disseminated, the proposal would arguably make intelligent criticism of credit unions illegal.

The bills are House Bill 2830 and Senate Bill 6369,

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