BILL · 2021–22 SESSION · LATEST VERSION SHB 1861

HB 1861: Future fund trust fund

Creating the Washington future fund trust fund program.

Summary

  • Creates the Washington Future Fund Trust Fund to provide a sum of money in a savings and investment account for individuals born into families with limited means for the purpose of postsecondary education, purchasing a home, or starting a business, provided the individual meets certain eligibility requirements and makes a claim for funds at the age of 18 through 30.
  • Establishes and prescribes membership of the Washington Future Fund Trust Fund Committee.

From the House Bill Report (HB 1861), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2022
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Monica Jurado Stonier (D-49)
Introduced
January 10, 2022 in the House
Last action
January 31, 2022
Requested by
State agency
Companion bill
SB 5752
Budget
Makes appropriations · Has a fiscal note
Versions
HB 1861, SHB 1861

AN ACT Relating to the creation of the Washington future fund trust fund program;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. Referred to Appropriations. (SHB 1861)
  2. Referred to Appropriations.
  3. Minority; do not pass. (SHB 1861)
  4. HHSV - Majority; 1st substitute bill be substituted, do pass. (SHB 1861)
  5. HHSV - Majority; 1st substitute bill be substituted, do pass.
  6. Minority; do not pass.
  7. HHSV - Executive action taken by committee.
  8. First reading, referred to Housing, Human Services & Veterans.
  9. Prefiled for introduction.

HB 1861 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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