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Bill > HB2469
WA HB2469
WA HB2469Establishing a task force to conduct a feasibility study to address the creation of a state-owned, public bank.
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT Relating to establishing a task force to conduct a 2 feasibility study to address the creation of a state-owned, public 3 bank; creating new sections; providing an expiration date; and 4 declaring an emergency. 5
AI Summary
This bill establishes a task force to study the feasibility of creating a state-owned public bank, modeled after the successful Bank of North Dakota, to address Washington state's economic challenges and potential deficit. The task force, appointed by the state treasurer and including representatives from community banks, credit unions, farming, mining, logging, transportation, and commercial building industries, will investigate legal barriers, potential benefits like serving as a depository for state and local funds, and the bank's purpose, such as funding infrastructure, agriculture, and energy projects. They will also assess capital requirements, financial viability, and governance structures, consulting with various stakeholders. The task force must report its findings to the governor and legislature by December 1, 2026, and this section of the bill will expire on January 1, 2027.
Committee Categories
Business and Industry
Sponsors (8)
Rob Chase (R)*,
Mary Fosse (D),
Roger Goodman (D),
Lisa Parshley (D),
Gerry Pollet (D),
Tarra Simmons (D),
Chipalo Street (D),
Janice Zahn (D),
Last Action
First reading, referred to Consumer Protection & Business. (on 01/14/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=2469&Year=2025&Initiative=false |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2469.pdf |
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