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Liias bill on pay day loans almost dead in legislature

A bill on pay day loans, sponsored by Democratic State Sen. Marko Liias, seems to be dead when it comes to present session that is legislative.

Fellow Democrats have actually criticized Lias for sponsoring the bill, stating that it weakens Washington’s strict guidelines on payday lending.

The balance passed the continuing State Senate in very early March by a 30-18 vote, with Democratic Sens. Maralyn Chase and Rosemary McAuliffe voting no.

The bill got a “pass” recommendation from the committee on business and financial services, with Democratic State Rep. Cindy Ryu voting for a “do not pass” recommendation, and Rep. Derek Stanford voting to make no recommendation in the House.

Majority House Democrats then delivered it to your home committee on basic federal government and I . t, which possessed a hearing that is public, April 6, but took no action, and thus the balance missed a Tuesday, April 7, due date to attain your house floor. The committee does not have any more scheduled meetings.

The bill now is revived just as one “necessary to implement the budget.”

Senate Republican frontrunner Mark Schoesler of Ritzville told the Associated Press a week ago that the payday-lending plan could eventually be part of any budget deal that is final.