summary
Introduced
01/09/2023
01/09/2023
In Committee
01/27/2023
01/27/2023
Crossed Over
Passed
Dead
04/12/2024
04/12/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT Relating to the creation of the Washington future fund 2 program; amending RCW 43.88C.010 and 70.58A.520; reenacting and 3 amending RCW 43.79A.040; adding a new section to chapter 74.09 RCW; 4 adding a new chapter to Title 43 RCW; and providing an expiration 5 date. 6
AI Summary
This bill creates the Washington future fund program. The program will provide seed capital to Washingtonians born into and experiencing persistent poverty to invest in themselves through eligible expenditures like purchasing a home, pursuing education, or starting a business. The program is funded through annual appropriations from the state general fund, with the first cohort consisting of people born in 2024. The bill establishes a committee to oversee the program and make recommendations, and it creates the Washington future fund account to hold the program's funds, which will be managed by the state investment board. The program aims to reduce barriers to wealth-building activities and promote economic resilience for those born into poverty.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (22)
Yasmin Trudeau (D)*,
Annette Cleveland (D),
Manka Dhingra (D),
Noel Frame (D),
Bob Hasegawa (D),
Sam Hunt (D),
Patty Kuderer (D),
Marko Liias (D),
Liz Lovelett (D),
John Lovick (D),
Joe Nguyen (D),
T'wina Nobles (D),
Jamie Pedersen (D),
Emily Randall (D),
Ann Rivers (R),
June Robinson (D),
Rebecca Saldaña (D),
Derek Stanford (D),
Javier Valdez (D),
Kevin Van De Wege (D),
Lisa Wellman (D),
Claire Wilson (D),
Last Action
By resolution, reintroduced and retained in present status. (on 01/08/2024)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=5125&Year=2023&Initiative=false |
| Fiscal Note - 5125 SB (Revised) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=66738 |
| Fiscal Note - 5125 SB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=66475 |
| Fiscal Note - 5125 SB (Partial) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=65641 |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/Senate%20Bills/5125-S.pdf |
| Senate Bill Report | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/5125%20SBR%20HS%20OC%2023.pdf |
| Senate Bill Report | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/5125%20SBR%20HS%20TA%2023.pdf |
| Senate Bill Report (Orig.) | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/5125%20SBA%20HS%2023.pdf |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/Senate%20Bills/5125.pdf |
Loading...