H-3091.1
HOUSE BILL 2662
State of Washington
69th Legislature
2026 Regular Session
By Representatives Farivar, Fosse, Street, Obras, Scott, Mena, Cortes, Parshley, Thai, Peterson, Ramel, Goodman, Thomas, Doglio, Macri, Simmons, Hall, Pollet, Berry, Duerr, Reed, Hackney, Reeves, Ortiz-Self, Stonier, Entenman, Zahn, Berg, Morgan, Nance, Hill, Santos, and Callan
Read first time 01/26/26. Referred to Committee on Appropriations.
AN ACT Relating to ensuring that responsible principles of investing are incorporated into the investment decision making of the Washington state investment board; amending RCW 43.33A.110 , 43.33A.140 , and 43.33A.150 ; and creating a new section.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. It is the intent of the legislature to invest the public funds of Washington state managed by the Washington state investment board in ways that do not conflict with the well-being, stability, and long-term prosperity of Washington's communities. The legislature intends to reduce these conflicts by incorporating a comprehensive and consistent framework to guide the decisions of the board as responsible stewards of the public retirement and trust funds. As many nations, provinces, and states have adopted environmental, social, and governance standards that ensure that public investments reflect fundamental societal values, the legislature intends that Washington state do so in a manner that also ensures that investments under management continue to achieve strong and reliable returns and that safeguards retirement security and the fiscal health of public trust funds.
Sec. 2. RCW 43.33A.110 and 1994 c 154 s 310 are each amended to read as follows: