WA People
BILL · 2025–26 SESSION · LATEST VERSION E2SHB 2523

HB 2523: Community reinvestment prg.

Concerning the community reinvestment program.

Summary

  • Requires the Office of Equity (Equity) and the Department of Commerce (Commerce) to review and update the Community Reinvestment Plan (Plan) every five years, beginning in 2032, to address distribution of the Community Reinvestment Account funds.
  • Creates a work group to facilitate a transition plan for joint administration of the Community Reinvestment Program by Equity and Commerce, and provide a report, recommendations for legislative action, and guidance for an administrative framework by November 1, 2026.
  • Requires the Washington State Institute for Public Policy to study Commerce's distribution of, and the recipient organizations' use of, the funds allocated under the Plan by June 30, 2027.

From the Engrossed Second Substitute House Bill Report (E2SHB 2523), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 143, Laws of 2026
  1. IntroducedJan 16, 2026
  2. Out of committeeFeb 9, 2026
  3. Passed HouseFeb 16, 2026
  4. Passed SenateMar 4, 2026
  5. GovernorMar 23, 2026
  6. LawMar 23, 2026
Prime sponsor
Kristine Reeves (D-30)
Introduced
January 16, 2026 in the House
Last action
March 23, 2026
Session law
Chapter 143, Laws of 2026
Companion bill
SB 6275
Budget
Has a fiscal note
Versions
HB 2523, SHB 2523, 2SHB 2523, E2SHB 2523

AN ACT Relating to the community reinvestment program;

Sponsors

Prime sponsor: Kristine Reeves (D-30)

9 co-sponsors (9 Democrats, 0 Republicans)

Natasha Hill D-3Lauren Davis D-32Mia Gregerson D-33Lisa Parshley D-22Timm Ormsby D-3Sharon Tomiko Santos D-37Brandy Donaghy D-44Shaun Scott D-43Edwin Obras D-33

Votes

House · 3rd Reading & Final Passage

Passed February 16, 2026
Version voted on: E2SHB 2523
88 Yea 9 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat58001
Republican30900
How each member voted

Yea (88)

Excused (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 4, 2026
Version voted on: E2SHB 2523
45 Yea 3 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat29001
Republican16300
How each member voted

Yea (45)

Nay (3)

Excused (1)

Permalink to this vote

History

  1. Effective date 6/11/2026*. (E2SHB 2523)
  2. Chapter 143, 2026 Laws. (E2SHB 2523)
  3. Governor signed. (E2SHB 2523)
  4. Delivered to Governor. (E2SHB 2523)
  5. President signed. (E2SHB 2523)
  6. Speaker signed. (E2SHB 2523)
  7. Third reading, passed; yeas, 45; nays, 3; absent, 0; excused, 1. (E2SHB 2523)
  8. Rules suspended. Placed on Third Reading. (E2SHB 2523)
  9. Placed on second reading by Rules Committee. (E2SHB 2523)
  10. Minority; without recommendation. (E2SHB 2523)
  11. WM - Majority; do pass. (E2SHB 2523)
  12. Passed to Rules Committee for second reading. (E2SHB 2523)
  13. First reading, referred to Ways & Means. (E2SHB 2523)
  14. Third reading, passed; yeas, 88; nays, 9; absent, 0; excused, 1. (E2SHB 2523)
  15. Rules suspended. Placed on Third Reading. (E2SHB 2523)
  16. Floor amendment(s) adopted. (E2SHB 2523)
  17. 2nd substitute bill substituted. (E2SHB 2523)
  18. 2nd substitute bill substituted. (SHB 2523)
  19. 2nd substitute bill substituted.
  20. Rules Committee relieved of further consideration. Placed on second reading. (E2SHB 2523)
  21. Rules Committee relieved of further consideration. Placed on second reading. (SHB 2523)
  22. Rules Committee relieved of further consideration. Placed on second reading.
  23. Referred to Rules 2 Review. (E2SHB 2523)
  24. Minority; do not pass. (E2SHB 2523)
  25. APP - Majority; 2nd substitute bill be substituted, do pass. (E2SHB 2523)
  26. APP - Majority; 2nd substitute bill be substituted, do pass. (SHB 2523)
  27. Minority; do not pass. (SHB 2523)
  28. Referred to Rules 2 Review. (SHB 2523)
  29. APP - Executive action taken by committee. (SHB 2523)
  30. APP - Executive action taken by committee.
  31. Referred to Rules 2 Review.
  32. Minority; do not pass.
  33. APP - Majority; 2nd substitute bill be substituted, do pass.
  34. Referred to Appropriations. (SHB 2523)
  35. Referred to Appropriations.
  36. TEDV - Majority; 1st substitute bill be substituted, do pass. (SHB 2523)
  37. Minority; do not pass. (SHB 2523)
  38. Minority; do not pass.
  39. TEDV - Majority; 1st substitute bill be substituted, do pass.
  40. TEDV - Executive action taken by committee.
  41. First reading, referred to Technology, Economic Development, & Veterans.

HB 2523 in other sessions

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

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