Concerning the Washington future fund pilot project.

HB 1661 establishes a pilot project to provide $25,000 grants to eligible Washington residents born into poverty. It directly affects individuals who were enrolled in Medicaid or CHIP before age one and remain enrolled at application, are Washington residents, and are 18-36 years old. The grants, administered through the State Treasurer's Office, can be used for education, home purchases, or starting a business in Washington, with funds not counting as assets for public assistance eligibility. The pilot will randomly select participants across geographic regions, require financial coaching, and include impact evaluations by the University of Washington. This is a limited-time study to test whether such grants improve economic stability for people facing intergenerational poverty.