A bill that would create the Washington investment Trust has been scheduled for a public hearing this coming Thursday at 8:00 a.m. The Senate companion bill will also be heard this week.
“While the Washington Investment Trust is modeled after the Bank of North Dakota, this startup legislation is much narrower in approach since it will focus on infrastructure lending to municipal governments and student loans,” said Rep. Bob Hasegawa (D-Seattle), the bill’s prime sponsor. “The Washington Investment Trust will keep our money in Washington, working for Washingtonians instead of ending up in Wall Street.”
The Washington Investment Trust would:
- Facilitate investment in, and financing of, public infrastructure systems that support economic development, and create jobs, increase public health, safety and quality of life, improve environmental conditions, and promote community vitality.
- Assist students who are in need of additional low-cost loans in order to finance the cost of higher education.
- Leverage Washington’s taxpayers’ dollars to build a better Washington.
WHAT: Washington Investment Trust bills’ hearings
WHEN/WHERE:
HB 2434 – Thursday, January 26 at 8:00 a.m.
House Committee on Business & Financial Services
House Hearing Room B
John L. O’Brien Building
Olympia, WA
SB 6310 – Wednesday, January 25 at 1:30 p.m.
Senate Committee on Financial Institutions and Housing & Insurance
Senate Hearing Room 2
J.A. Cherberg Building
Olympia, WA