Establishing a task force to study the feasibility of creating a state-owned, public bank in Washington.

The bill establishes a task force to conduct a feasibility study on creating a state-owned, public bank in Washington, modeled after the successful bank of North Dakota. The task force will explore potential legal barriers, benefits, capital requirements, and governance structures. It will consult with various stakeholders, including financial institutions, agricultural representatives, and local governments. The task force must submit a report to the governor and legislature by December 1, 2026.

Establishing a task force to study the feasibility of creating a state-owned, public bank in Washington.

The bill establishes a task force to conduct a feasibility study on creating a state-owned, public bank in Washington, modeled after the successful bank of North Dakota. The task force will explore potential legal barriers, benefits, capital requirements, and governance structures. It will consult with various stakeholders, including financial institutions, agricultural representatives, and local governments. The task force must submit a report to the governor and legislature by December 1, 2026.