The bill authorizes public high school students in Washington to earn elective credit for paid work experience, starting in the 2023-24 school year. It establishes a new section in chapter 28A.600 RCW that outlines the requirements for students to receive this credit. Students aged 16 years and older can earn one-half elective credit for every 180 hours of verified paid work, provided they meet specific criteria, including obtaining prior written approval from school officials and a work-based sponsor. The proposals must also be included in the student's high school and beyond plan and demonstrate growth in financial education competencies.

Additionally, the bill emphasizes the importance of work experience in developing essential life skills and personal finance knowledge. It mandates that only high schools that teach state financial education standards can approve these proposals. The Office of the Superintendent of Public Instruction is tasked with adopting rules to implement the program, ensuring that credit can be awarded for work done outside the regular school calendar. Overall, this legislation aims to enhance students' readiness for postsecondary education and employment by integrating real-world work experiences into their academic journey.