WA People
BILL · 2021–22 SESSION · LATEST VERSION SSB 5752

SB 5752: Future fund trust fund

Creating the Washington future fund trust fund program.

Summary

  • Creates the Washington Future Fund Trust Fund in the custody of the State Treasurer 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.
  • Creates the Washington Future Fund Trust Fund Committee.
  • Appropriates the sum of $64,000,000 in fiscal year 2022 from the General Fund for the purpose of beginning investments in the Washington Future Fund Trust Fund.

From the Senate Bill Report (SB 5752), 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 Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Yasmin Trudeau (D-27)
Introduced
January 10, 2022 in the Senate
Last action
January 31, 2022
Requested by
State agency
Companion bill
HB 1861
Budget
Makes appropriations · Has a fiscal note
Versions
SB 5752, SSB 5752

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

Sponsors

Prime sponsor: Yasmin Trudeau (D-27)

17 co-sponsors (16 Democrats, 1 Republican)

John Lovick D-44Senator D-47Manka Dhingra D-45Senator D-46Bob Hasegawa D-11Karen Keiser D-33Marko Liias D-21Liz Lovelett D-40Joe Nguyen D-34T'wina Nobles D-28Jamie Pedersen D-43Emily Randall D-26Senator R-18Jesse Salomon D-32Derek Stanford D-1Lisa Wellman D-41Claire Wilson D-30

Votes

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

History

  1. Referred to Ways & Means. (SSB 5752)
  2. Referred to Ways & Means.
  3. HSRR - Majority; 1st substitute bill be substituted, do pass. (SSB 5752)
  4. Minority; do not pass. (SSB 5752)
  5. And refer to Ways & Means. (SSB 5752)
  6. Minority; without recommendation. (SSB 5752)
  7. Minority; without recommendation.
  8. And refer to Ways & Means.
  9. Minority; do not pass.
  10. HSRR - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Human Services, Reentry & Rehabilitation.
  12. Prefiled for introduction.

SB 5752 in other sessions

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

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