WA People
BILL · 2023–24 SESSION · LATEST VERSION SHB 1094

HB 1094: Future fund program

Creating the Washington future fund program.

Summary

  • Creates the Washington Future Fund Program (WFFP) to invest a sum of money in a savings and investment account each year on behalf of a cohort of children born in the state meeting certain criteria.
  • Allows distributions from the account to designated institutions on an individual's behalf for education, purchase of a residence, or purchase of a business, provided the individual meets eligibility requirements and makes a claim for funds between the ages of 18 and 35.
  • Establishes a committee to review and make recommendations regarding the WFFP.

From the House Bill Report (HB 1094), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 9, 2023
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Monica Jurado Stonier (D-49)
Introduced
January 9, 2023 in the House
Last action
January 8, 2024
Requested by
State agency
Companion bill
SB 5125
Budget
Has a fiscal note
Versions
HB 1094, SHB 1094

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

Sponsors

Prime sponsor: Monica Jurado Stonier (D-49)

27 co-sponsors (24 Democrats, 3 Republicans)

Paul Harris R-17Roger Goodman D-45Julia Reed D-36Cindy Ryu D-32Mari Leavitt D-28Alex Ramel D-40Strom Peterson D-21Gerry Pollet D-46Chipalo Street D-37Tana Senn D-41Julio Cortes D-38Lisa Callan D-5Beth Doglio D-22Tarra Simmons D-23Kristine Reeves D-30Debra Lekanoff D-40Kevin Waters R-17Mia Gregerson D-33Sharon Wylie D-49Bill Ramos D-5Shelley Kloba D-1Lauren Davis D-32Bruce Chandler R-15Marcus Riccelli D-3Tina Orwall D-33Debra Entenman D-47Mary Fosse D-38

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SHB 1094)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Appropriations. (SHB 1094)
  4. Referred to Appropriations.
  5. HSEL - Majority; 1st substitute bill be substituted, do pass. (SHB 1094)
  6. Minority; do not pass. (SHB 1094)
  7. Minority; without recommendation. (SHB 1094)
  8. Minority; without recommendation.
  9. Minority; do not pass.
  10. HSEL - Majority; 1st substitute bill be substituted, do pass.
  11. HSEL - Executive action taken by committee.
  12. First reading, referred to Human Services, Youth, & Early Learning.
  13. Prefiled for introduction.

HB 1094 in other sessions

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

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