Washington · 2025-2026 Biennium (69th Legislature)

Requesting that Congress enact legislation that would reinstate the separation of commercial and investment banking functions that were in effect under the Glass-Steagall act.

The Legislature has not published a description of this measure.

SJM 8005·Senate·Joint resolution

Sen. Bob HasegawaState Senate · LD-11·3 cosponsors

Fiscal noteState NoLocal No

Primary sponsor

Bob HasegawaState Senate · LD-11

Cosponsors

Derek StanfordState Senate · LD-01

Yasmin TrudeauState Senate · LD-27

Lisa WellmanState Senate · LD-41

Floor votes

Senate · 3rd Reading & Final Passage · SJM 8005Feb 5, 202544–5

Legislative history

Jan 13, 2025

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

Jan 22, 2025

BFT - Majority; do pass.

Jan 22, 2025

Minority; without recommendation.

Jan 24, 2025

Passed to Rules Committee for second reading.

Jan 29, 2025

Placed on second reading by Rules Committee.

Feb 5, 2025

Rules suspended. Placed on Third Reading.

Feb 5, 2025

Third reading, passed; yeas, 44; nays, 5; absent, 0; excused, 0.

Feb 7, 2025

First reading, referred to Consumer Protection & Business.

Mar 26, 2025

CPB - Executive action taken by committee.

Mar 26, 2025

CPB - Majority; do pass.

Mar 26, 2025

Minority; do not pass.

Mar 26, 2025

Minority; without recommendation.

Mar 28, 2025

Referred to Rules 2 Review.

Apr 27, 2025

By resolution, returned to Senate Rules Committee for third reading.

Jan 12, 2026

By resolution, reintroduced and retained in present status.

Feb 26, 2026

Senate Rules "X" file.

Bill text

Original Bill

Bill reports

Senate Bill Report (Orig.) — Initial Bill Report 01-16-25 Senate Bill Report — Testimony Added 01-16-25 Senate Bill Report — Reported by BFT 01-22-25 Senate Bill Report — Passed Senate 02-05-25 House Bill Analysis 2025 — Initial House Analysis 03-19-25 House Bill Report — Reported by CPB 03-26-25