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WA SB5616
Bill
Status
Passed
4/30/2025
Primary Sponsor
Robert Hasegawa
Click for details
AI Summary
- Renames the "Washington saves administrative treasury trust account" to the "Washington saves administrative trust account" by removing the word "treasury" from the name
- Amends RCW 19.05.010 and 19.05.110 to update definitions and account references for the Washington Saves retirement savings program
- Updates RCW 43.79A.040 to reflect the account name change in the list of accounts receiving proportionate investment earnings from the treasurer's trust fund
- Effective date is July 27, 2025, with section 4 (a technical code update) taking effect July 1, 2030
- Passed with near-unanimous support: Senate 47-1 on March 11, 2025; House 94-2 on April 14, 2025
Legislative Description
Concerning the Washington saves administrative trust account.
Last Action
Effective date 7/27/2025*.
4/30/2025
Committee Referrals
Rules3/27/2025
Appropriations3/13/2025
Rules2/28/2025
Ways & Means1/31/2025
Full Bill Text
No bill text available