BILL · 2025–26 SESSION

SB 5754: Washington state public bank

Creating the Washington state public bank.

Summary

  • Provides authority to the state to activate a State Public Bank with a cooperative membership organization to lend to local and tribal governmental entities under certain conditions.
  • Permits local and tribal governments, along with the state, to be members of the State Public Bank.
  • Enables the State Public Bank to issue debt in the name of the bank rather than the state of Washington without creating state debt.

From the Senate Bill Report (SB 5754), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 14, 2025
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Bob Hasegawa (D-11)
Introduced
February 14, 2025 in the Senate
Last action
January 12, 2026
Budget
Has a fiscal note

AN ACT Relating to the creation of the Washington state public bank;

Sponsors

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. Referred to Ways & Means.
  3. And refer to Ways & Means.
  4. Minority; without recommendation.
  5. Minority; do not pass.
  6. BFT - Majority; do pass.
  7. First reading, referred to Business, Financial Services & Trade.

SB 5754 in other sessions

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

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