H-2955.1
HOUSE BILL 2556
State of Washington
69th Legislature
2026 Regular Session
By Representatives Santos, Ormsby, Street, Chase, Parshley, Ramel, Gregerson, Obras, Macri, Pollet, Duerr, Thomas, and Hill
Read first time 01/19/26. Referred to Committee on Consumer Protection & Business.
AN ACT Relating to the creation of the Washington state public bank; amending RCW 39.59.040 , 43.10.067 , and 43.84.080 ; reenacting and amending RCW 42.56.270 and 42.56.400 ; adding a new section to chapter 43.08 RCW; adding a new chapter to Title 43 RCW; and creating a new section.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. FINDINGS AND INTENT. The legislature finds that Washington state needs to drastically increase our public financing capacity without raising taxes on working families or financial debt obligations of the state.
The legislature finds that the infrastructure needs of our state far outstrip our ability to finance them under our current public financing model, which relies heavily on bonding. This reliance on bonding diverts much needed and hard-earned tax revenues of our taxpayers from critical programs that benefit them and the state.