Washington legislation · 2025-26 Regular Session
Washington HB2565: UW investments
Status: In committee, January 28, 2026
Concerning the investment of gifts, grants, conveyances, bequests, and devises of the University of Washington.
What the bill says
An act Relating to the investment of gifts, grants, conveyances, bequests, and devises of the University of Washington; amending RCW 28B.20.130; adding a new section to chapter 43.33A RCW; and creating a new section. NEW SECTION.
From the introduced text:
AN ACT Relating to the investment of gifts, grants, conveyances, bequests, and devises of the University of Washington; amending RCW 28B.20.130; adding a new section to chapter 43.33A RCW; and creating a new section. NEW SECTION. Sec. 1. The legislature finds that the Washington state investment board is one of the largest and most respected public investment managers in the United States, with over $190,000,000,000 in total assets under management. Moreover, international benchmarking studies have consistently ranked the state investment board as one of the lowest cost, highest performing institutional investors in the world. However, despite the state investment board's renowned international reputation and unparalleled performance, the University of Washington has attempted to replicate this infrastructure and expertise, at a significantly greater cost, through the establishment of the University of Washington investment management company. The legislature finds that the state investment board's 2024 expenses were 0.51 percent of assets under management and that annualized investment returns of the comingled trust fund are 8.9 percent per year since its inception in 1992, whereas the internal administrative fees charged by the University of Washington in 2024 were 0.90 percent of assets under management and that annualized investment returns of its funds are 6.8 percent since 2005. Therefore, it is the intent of the legislature to eliminate unnecessary and duplicative costs by disbanding …
Sponsors
- Drew Stokesbary (R) · primary sponsor
- Travis Couture (R)
Latest actions
- : Public hearing in the House Committee on Appropriations at 4:00 PM.
- : Referred to Appropriations.
- : Committee relieved of further consideration.
- : First reading, referred to Postsecondary Education & Workforce.
Subjects: COLLEGES AND UNIVERSITIES
Common questions
- What is HB2565?
- HB2565 is a bill in the Washington Legislature (2025-26 Regular Session): UW investments.
- What does HB2565 do?
- In its own words: An act Relating to the investment of gifts, grants, conveyances, bequests, and devises of the University of Washington; amending RCW 28B.20.130; adding a new section to chapter 43.33A RCW; and creating a new section. NEW SECTION.
- What is the status of HB2565?
- In committee as of January 28, 2026. Latest action: Public hearing in the House Committee on Appropriations at 4:00 PM. (January 28, 2026).
- Who sponsored HB2565?
- Drew Stokesbary (R), with 1 co-sponsor.
- Where is the official record for HB2565?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=2565&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.