Bill > HB1370

This bill establishes the Whistleblower Award and Protection Act in Washington. The key provisions are: - It creates a program where the Securities Administrator can provide monetary awards to whistleblowers who voluntarily provide original information that leads to the successful enforcement of securities laws. The awards can be between 10-30% of the monetary sanctions collected. - It prohibits employers from retaliating against individuals who report possible securities law violations or assist in investigations. Whistleblowers who experience retaliation can file a civil lawsuit for reinstatement, back pay, and other damages. - It exempts information that could identify a whistleblower from public disclosure under the state's public records act. - It authorizes the Securities Administrator to adopt rules to implement the new whistleblower program and protections. The bill aims to incentivize the reporting of securities law violations and protect individuals who come forward as whistleblowers.