Bill > HB1094

This bill establishes the Washington Future Fund program. Key provisions include: - The program is intended to reduce barriers to wealth-building activities and provide seed capital to Washingtonians born into poverty to invest in themselves through home purchases, education, or small business creation. - The program will be implemented and administered by the Office of the State Treasurer and will provide a one-time disbursement amount to eligible claimants who are members of funded cohorts (all people born in a calendar year who were enrolled in Medicaid or CHIP before their first birthday). - The legislature will appropriate funds annually to establish the cohort principal, and the State Investment Board will invest and manage the funds. - A Washington Future Fund Committee is established to provide oversight and make recommendations on the program's implementation and performance. - The program aims to address persistent poverty and wealth inequities in Washington by providing access to capital for wealth-building activities to those born into disadvantaged circumstances.

Budget and Finance, Education

https://app.leg.wa.gov/billsummary?BillNumber=1094&Year=2023&Initiative=false