WA People
BILL · 2023–24 SESSION · LATEST VERSION SSB 5125

SB 5125: Future fund program

Creating the Washington future fund program.

Summary

  • Directs appropriations from the state general fund to the Washington Future Fund Account based on the number of those born into poverty in a particular year, available for eligible claimants at age 18 through 35 for the purpose of education, purchasing a home, or starting a business in Washington through the Washington Future Fund Program, in the Office of the State Treasurer.
  • Creates the Washington Future Fund Committee which will review specified topics and report its findings to the Legislature and Governor.

From the Senate Bill Report (SB 5125), 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 Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Yasmin Trudeau (D-27)
Introduced
January 9, 2023 in the Senate
Last action
January 8, 2024
Requested by
State agency
Companion bill
HB 1094
Budget
Has a fiscal note
Versions
SB 5125, SSB 5125

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

Sponsors

Prime sponsor: Yasmin Trudeau (D-27)

21 co-sponsors (20 Democrats, 1 Republican)

Senator R-18Annette Cleveland D-49Manka Dhingra D-45Noel Frame D-36Bob Hasegawa D-11Senator D-22Patty Kuderer D-48Marko Liias D-21Liz Lovelett D-40John Lovick D-44Joe Nguyen D-34T'wina Nobles D-28Jamie Pedersen D-43Emily Randall D-26June Robinson D-38Rebecca Saldaña D-37Derek Stanford D-1Javier Valdez D-46Kevin Van De Wege D-24Lisa Wellman D-41Claire Wilson D-30

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5125)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Ways & Means. (SSB 5125)
  4. Referred to Ways & Means.
  5. HS - Majority; 1st substitute bill be substituted, do pass. (SSB 5125)
  6. And refer to Ways & Means. (SSB 5125)
  7. Minority; without recommendation. (SSB 5125)
  8. Minority; without recommendation.
  9. And refer to Ways & Means.
  10. HS - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Human Services.
  12. Prefiled for introduction.

SB 5125 in other sessions

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

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