SENATE BILL 5754

TITLE: AN ACT Relating to the creation of the Washington state public bank

SUMMARY: The bill authorizes the state to activate a State Public Bank with a cooperative membership organization to lend to local and tribal governmental entities.

SPONSORS: Senators Hasegawa, Trudeau, Conway, Dhingra, Lovelett, Saldaña, Stanford, and C. Wilson

HOUSE BILL 1632/SENATE BILL 5480

TITLE: AN ACT Relating to protecting consumers by removing barriers created by medical debt

SUMMARY: The bill bars consumer reporting agencies from including medical collection info, creating a major consumer protection by aligning with states like California and New York.

SPONSORS: Representatives Timmons, Taylor, Macri, Fosse, Obras, Kloba, Bernbaum, Ramel, Doglio, Berg, Stonier, Berry, Leavitt, Peterson, Gregerson, Parshley, Reed, Thai, Ormsby, Hill, Mena, Simmons, Cortes, Zahn, Nance, Street, and Salahuddin/Senators Riccelli, Bateman, Alvarado, Chapman, Hasegawa, Lovelett, Nobles, Orwall, Ramos, Robinson, Slatter, Stanford, Trudeau, Valdez, and C. Wilson

HOUSE BILL 1808

TITLE: AN ACT Relating to creating the affordable homeownership revolving loan fund program

SUMMARY: The bill creates a revolving loan fund for permanently affordable homeownership, establishing requirements for low-income housing, loan terms, and sponsor responsibilities.

SPONSORS: Representatives Zahn, Low, Parshley, Thomas, Scott, Ramel, Gregerson, Doglio, Eslick, Reed, Fosse, Ormsby, Nance, Salahuddin, Macri, Hill, Street, and Obras

HOUSE BILL 1974

TITLE: AN ACT Relating to establishing land banking authorities

SUMMARY: The bill establishing a statewide framework for land banking to create affordable housing, allowing counties to form public entities (land banks) to acquire, hold, and develop land for affordable housing, prioritizing equity, underrepresented communities, and diverse housing mixes with specific affordability targets, supported by state grants, aiming to tackle housing challenges.

SPONSORS: Representatives Hill, Peterson, Parshley, Scott, Thomas, Reed, Simmons, Street, Pollet, Macri, and Ormsby

HOUSE BILL 1599

TITLE: AN ACT Relating to consumer debt adjusters and debt resolution services providers

SUMMARY: The bill requires debt adjusters and debt resolution services providers to be licensed and regulated by the Department of Financial Institutions beginning July 1, 2026 and establishes regulations, obligations, fee structure, and prohibited acts for debt resolution services providers.

SPONSORS: Representatives Reeves, Corry, and Walen

HOUSE BILL 2021

TITLE: AN ACT Relating to authorizing the public works board to issue bonds for the purpose of financing public works infrastructure projects

SUMMARY: The bill authorizes the Public Works Board (Board) to issue bonds in order to finance public works projects throughout the state.

SPONSORS: Representative Steele and Pollet

SENATE BILL 5496

TITLE: AN ACT Relating to preserving homeownership options by limiting excessive home buying by certain entities

SUMMARY: The bill prohibits an investment entity, or a business entity that has an interest in more than 25 single-family residential properties, from purchasing, acquiring or otherwise obtaining an interest in another single-family residential property, with certain exceptions.

SPONSORS: Senators Alvarado, Orwall, Bateman, Conway, Frame, Hasegawa, Lovelett, Nobles, Saldaña, Stanford, Trudeau, Valdez, Wellman, and C. Wilson

SENATE BILL 5080

TITLE: AN ACT Relating to making financial education instruction a graduation requirement;

SUMMARY: The bill requires that Washington students meet the state learning standards related to financial education to graduate from high school, beginning no later than 2033.

SPONSORS: Senators Valdez, Cortes, Harris, Krishnadasan, Liias, Nobles, Orwall, Riccelli, Saldaña, Shewmake, Trudeau, and C. Wilson; by request of State Treasurer